Adjusted earnings for Q1 were negative $110 million compared to positive $27 million in the same period previous year, according to Hertz.
Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company.
HTZ stock's price is now -71.81% down from its 52-week high and +4.61% up from its 52-week low. The company has market cap of $361.84 million. 9 funds opened positions while 21 raised stakes. Their International market also did not fare well: The Company's International RAC segment revenues were decreased by 5% from Q1 2016 which was $411 million in first quarter 2017 this figure does not consider the $6 million unfavorable impact of foreign currency exchange rates, the revenues decreased 4% driven by a 4% decrease in Total RPD, as well as a partially offset of about 1% increase in transaction days. The transportation company reported ($0.71) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.54) by $0.17. Fmr Limited Liability owns 0% invested in Corium International Inc (NASDAQ:CORI) for 220,000 shares.
Want to see what other hedge funds are holding HTZ? Share performance for the month is now at -4.97%. (HTZ) is 1.24 Billion. The stock's price is floating in a range of $309.120 and $321.88 whereas, it's 52-week High Price is $327.66 with respect to its 52-week Low Price of $178.19.
Concerns on weak vehicle rental prices continue to hang over Hertz Global (HTZ -15.6%) as shares plunge to a new 52-week low. On average, analysts were expecting a loss per share of $0.85. The current consensus recommendation provided by covering analysts is 2.90. The company's revenue was down.9% on a year-over-year basis. In the trailing twelve months, gross profit margin was 44.40% and net profit margin of the company was 3.20%.
ILLEGAL ACTIVITY WARNING: This report was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & global trademark and copyright legislation. Finally, Federated Investors Inc. Bottom line, the firm views this is as a significant negative for HTZ shares.
Hertz Global Holdings, Inc had its " rating reiterated by analysts at MKM Partners. Barclays PLC reaffirmed an "equal weight" rating and issued a $23.00 price target (down previously from $31.00) on shares of Hertz Global Holdings in a report on Friday, February 24th.
Hertz Global Holdings, Inc shares fell $2.52 (-16.9%) in after-hours trading Monday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Hertz Global Holdings earned a media sentiment score of 0.17 on Alpha One's scale. Johnson wrote that some investors may shy away from a company with so much debt and said Hertz may have to talk to its banks to stay within its debt covenants. A large part of the business for car-rental companies is offloading the thousands of cars that they retire from their fleets every year.