Hertz Global Holdings, Inc Shares Plummet As Q1 Earnings Miss Badly

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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%.

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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.