Hertz Global (NYSE:HRI) posted its quarterly earnings data on Wednesday. The transportation company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.18), Briefing.com reports. The firm had revenue of $491.70 million for the quarter, compared to analysts’ expectations of $447.86 million. Hertz Global had a negative return on equity of 6.63% and a negative net margin of 4.08%. Hertz Global’s revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.49) earnings per share.
Shares of Hertz Global (NYSE:HRI) opened at $64.99 on Thursday. The company has a market capitalization of $1,875.59, a price-to-earnings ratio of -27.06 and a beta of 2.55. Hertz Global has a 52 week low of $33.27 and a 52 week high of $70.58. The company has a debt-to-equity ratio of 7.66, a quick ratio of 1.03 and a current ratio of 1.09.
A number of equities analysts have issued reports on HRI shares. Barclays started coverage on shares of Hertz Global in a report on Tuesday, December 12th. They set an “overweight” rating and a $70.00 price objective on the stock. KeyCorp reiterated a “buy” rating and set a $68.00 target price on shares of Hertz Global in a research note on Monday, December 18th. Northcoast Research reiterated a “neutral” rating on shares of Hertz Global in a research note on Tuesday, December 19th. Zacks Investment Research cut Hertz Global from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, Royal Bank of Canada assumed coverage on Hertz Global in a research note on Friday, February 2nd. They set an “outperform” rating and a $79.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Hertz Global currently has a consensus rating of “Hold” and an average price target of $57.00.
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Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.
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