The closing price of Hertz Global Holdings Inc. (NASDAQ: HTZ) was $8.09 for the day, up 2.80% from the previous closing price of $7.87. In other words, the price has increased by $+0.22 from its previous closing price. On the day, 4039532 shares were traded.
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Ratios:
Our analysis of HTZ’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.82 and its Current Ratio is at 1.82. In the meantime, Its Debt-to-Equity ratio is 5.77 whereas as Long-Term Debt/Eq ratio is at 5.77.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BofA Securities on March 19, 2024, initiated with a Neutral rating and assigned the stock a target price of $9.
On February 08, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $15 to $10.
JP Morgan Downgraded its Overweight to Neutral on January 25, 2024, whereas the target price for the stock was revised from $17 to $11.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 08 ’23 when Leef Eric sold 1,946 shares for $16.23 per share. The transaction valued at 31,584 led to the insider holds 55,723 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HTZ now has a Market Capitalization of 2.47B and an Enterprise Value of 19.54B. As of this moment, Hertz’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.41, and their Forward P/E ratio for the next fiscal year is 7.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12 while its Price-to-Book (P/B) ratio in mrq is 0.80. Its current Enterprise Value per Revenue stands at 2.09 whereas that against EBITDA is 5.35.
Stock Price History:
Over the past 52 weeks, HTZ has reached a high of $19.36, while it has fallen to a 52-week low of $6.88. The 50-Day Moving Average of the stock is 7.97, while the 200-Day Moving Average is calculated to be 12.02.
Shares Statistics:
HTZ traded an average of 5.16M shares per day over the past three months and 4.41M shares per day over the past ten days. A total of 305.18M shares are outstanding, with a floating share count of 137.18M. Shares short for HTZ as of Feb 29, 2024 were 27.05M with a Short Ratio of 4.80, compared to 23.26M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.86% and a Short% of Float of 22.08%.
Earnings Estimates
The firm’s stock currently is rated by 8 analysts. On average, analysts expect EPS of -$0.36 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.71, while EPS last year was $0.39. The consensus estimate for the next quarter is $0.12, with high estimates of $0.3 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.88 and $0.18 for the fiscal current year, implying an average EPS of $0.49. EPS for the following year is $0.88, with 8 analysts recommending between $1.44 and $0.3.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $2.1B to a low estimate of $1.98B. As of the current estimate, Hertz Global Holdings Inc.’s year-ago sales were $2.05B, an estimated increase of 0.50% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $2.46B, an increase of 1.10% over than the figure of $0.50% in the same quarter last year. There is a high estimate of $2.52B for the next quarter, whereas the lowest estimate is $2.42B.
A total of 9 analysts have provided revenue estimates for HTZ’s current fiscal year. The highest revenue estimate was $9.7B, while the lowest revenue estimate was $9.47B, resulting in an average revenue estimate of $9.61B. In the same quarter a year ago, actual revenue was $9.37B, up 2.60% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $10B in the next fiscal year. The high estimate is $10.31B and the low estimate is $9.6B. The average revenue growth estimate for next year is up 4.00% from the average revenue estimate for this year.
