Hertz tanks 15% after missing big on earnings

Posted May 10, 2017

The high-yield debt issue has a 6.25% coupon and is set to mature on October 15, 2022. The consensus rating is 2.9, suggesting the market has given up on the stock. Hertz Global Holdings, Inc has a 52 week low of $14.26 and a 52 week high of $53.14.

Want the latest recommendations from Zacks Investment Research? (HTZ) is its Earnings per Share or EPS.

The company's consensus rating on Reuter's scale slipped from 2.23 to 2 during a month. (NYSE:VZ), and Hertz Global Holdings, Inc (NYSE:HTZ) shares are worth watching on Tuesday. The overall volume in the last trading session was 2.50 million shares, versus the average volume of 7.52 million shares. The stock's market cap is $1.24 billion.

After a lower open, Hertz continued to make a new all-time low at $11.78 before mounting a rebound.

After Monday's close, the company reported a much wider-than-expected adjusted EPS of $0.70 along with a $70 million sales miss. On an adjusted basis, Hertz reported a net loss for the first quarter of $134 million, or $1.61 per diluted share, compared with an adjusted net loss of $67 million, or $0.79 per diluted share, for the same period a year ago. The analyst recommendations from a month ago are 2 Buy, 0 Overweight, 2 Sell, 6 Hold and 0 Underweight.

Tesla Inc (NASDAQ:TSLA) floats -1.96% below the 52-week top level and its EPS growth rate was -13.10% over prior 5 years with earnings growth of 4.20% yoy. However, revenues at this segment were hampered by the absence of last year's Leap day and 2017's unfavorable Easter shift, alongside being weighed upon by the termination of various deals in third-quarter 2016. Finally, Credit Agricole S A purchased a new position in Hertz Global Holdings during the fourth quarter valued at $341,000. Suntrust Banks Inc. now owns 12,822 shares of the transportation company's stock valued at $224,000 after buying an additional 434 shares during the period.

On 11/8/2016 Carl C Icahn, Major Shareholder, bought 15,080,442 with an average share price of $23.43 per share and the total transaction amounting to $353,334,756.06. During its last trading session, Stock traded with the total exchanged volume of 6.86 million shares. Gabelli Funds LLC raised its stake in shares of Hertz Global Holdings by 18.4% in the first quarter.

The Estero, Florida-based company said it had a loss of $2.69 per share. Federated Investors Inc. PA increased its stake in Hertz Global Holdings by 146.3% in the fourth quarter.

While looking at the Stock's Performance, Hertz Global Holdings, Inc. now shows a Weekly Performance of -15.84%, where Monthly Performance is -6.35%, Quarterly performance is -29.42%, 6 Months performance is -55.54% and yearly performance percentage is 0%. The biggest holder now is Michel Taride who owns 282,286 shares (0.34% of those outstanding), whilst Mr. Thomas J. Sabatino, Jr holds 235,362 (0.28% of shares outstanding) and Joseph R. Nothwang holds 154,834 (0.18% of shares outstanding).

Currently, EPS of Hertz Global Holdings, Inc. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & worldwide trademark and copyright legislation.

While looking at the SMA values of Hertz Global Holdings, Inc.