Localiza Rent a Car (LZRFY) to Announce Quarterly Earnings on Thursday

Localiza Rent a Car (OTCMKTS:LZRFY) is projected to post its results before the market opens on Thursday, August 20th. Analysts expect the company to post earnings of $0.18 per share and revenue of $2.3665 billion for the quarter.

Localiza Rent a Car (OTCMKTS:LZRFY) last announced its earnings results on Thursday, May 21st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. Localiza Rent a Car had a net margin of 5.24% and a return on equity of 9.08%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.37 billion. On average, analysts expect Localiza Rent a Car to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Localiza Rent a Car Price Performance

Shares of LZRFY stock opened at $6.46 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.48. Localiza Rent a Car has a 1 year low of $5.98 and a 1 year high of $11.76. The firm’s fifty day moving average price is $7.52 and its two-hundred day moving average price is $8.72.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Localiza Rent a Car from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Localiza Rent a Car has a consensus rating of “Sell”.

Localiza Rent a Car Company Profile

Localiza Rent a Car (OTCMKTS:LZRFY) is a leading mobility solutions provider headquartered in Belo Horizonte, Brazil. Founded in 1973, the company has built a strong reputation in the car rental industry, offering a broad range of services to both leisure and corporate customers. Over the decades, Localiza has expanded its footprint to become one of Latin America’s largest car rental and fleet management operators.

The company’s core activities include short- and long-term vehicle rentals, fleet management services and the sale of used vehicles.