Localiza Rent a Car (OTCMKTS:LZRFY) Releases Earnings Results, Beats Expectations By $0.04 EPS

Localiza Rent a Car (OTCMKTS:LZRFY) issued its earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04, Zacks reports.

Localiza Rent a Car Stock Down 2.2%

Localiza Rent a Car stock traded down $0.20 during trading hours on Thursday, hitting $8.77. The company had a trading volume of 14,848 shares, compared to its average volume of 42,545. Localiza Rent a Car has a one year low of $5.98 and a one year high of $11.76. The firm has a 50-day moving average of $9.42 and a 200 day moving average of $9.04.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Localiza Rent a Car to a “hold” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About Localiza Rent a Car

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.