Auto rental company Hertz falls on bigger-than-expected loss

Paterniano Del Favero
Mag 9, 2017

Analysts await Hertz Global Holdings, Inc (NASDAQ:HTZ) to report earnings on May, 08 for the fiscal quarter ending Mar 2017. The Stock has P/B of 1.10. Rubric Capital Management LP owned 0.82% of Hertz Global Holdings at the end of the most recent quarter. Nisa Investment Advisors LLC purchased a new position in Hertz Global Holdings during the first quarter valued at $174,000.

The biggest institutional shareholders in Hertz Global Holdings, Inc include Icahn Associates Corp which owns 29 million shares in the company valued at $630.93 million.

In November 2016, the company wrote down the value of some of its fleet after it overbought in the compact vehicle category and overpromised on performance for fiscal 2016. GSA Capital Partners LLP increased its stake in shares of Hertz Global Holdings by 15.7% in the fourth quarter. (HTZ) stock price ended its day with gain 2.53% and finalized at the value of $14.98. The analysts estimated EPS for the higher end at 1.06 and lower end at -0.26 while the year ago reported earnings per share was 0.31. Gamco Investors INC. ET AL now owns 3,386,104 shares of the transportation company's stock valued at $59,392,000 after buying an additional 1,127,957 shares in the last quarter.

Shares of Hertz are down 14.15% AH to $12.80. Stock exchanged hands with the total volume of 2.70 Million shares, as contrast to its average volume of 344,924 shares. The company has a 50 day moving average price of $16.98 and a 200-day moving average price of $22.52. The stock stands almost $38.4 off versus the 52-week high of $53.14 and $0.42 above the 52-week low of $14.32.

Hertz Global Holdings (NYSE:HTZ) last released its earnings results on Monday, February 27th. The expected future growth in earnings per share ("EPS") is an incredibly important factor in identifying an under-valued stock. In addition, the loss from continuing operations before income taxes for the quarter was $294 million compared with $76 million in the same period previous year. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/05/08/1800000-shares-in-hertz-global-holdings-inc-htz-acquired-by-state-of-new-jersey-common-pension-fund-d-updated.html.

In case of Revenue Estimates, 1940000 analysts have provided their consensus Average Revenue Estimates for Hertz Global Holdings, Inc.as 7000.

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HTZ has been the topic of several recent research reports. Finally, KeyCorp raised shares of Hertz Global Holdings from a "sector weight" rating to an "overweight" rating and set a $60.00 price target on the stock in a research note on Monday, April 10th.

According to Zacks, "Hertz Global Holdings, Inc. operates auto rental business". Finally, Deutsche Bank AG reissued a hold rating and set a $24.00 target price on shares of Hertz Global Holdings in a research note on Wednesday, March 1st.

While looking at the Stock's Performance, Hertz Global Holdings, Inc. now shows a Weekly Performance of -15.84%, where Monthly Performance is -6.35%, Quarterly performance is -29.42%, 6 Months performance is -55.54% and yearly performance percentage is 0%.

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