After finishing at $7.58 in the prior trading day, Hertz Global Holdings Inc. (NASDAQ: HTZ) closed at $7.11, down -6.20%. In other words, the price has decreased by -$0.47 from its previous closing price. On the day, 8597599 shares were traded.
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Ratios:
Our goal is to gain a better understanding of HTZ by taking a closer look at its different ratios. 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 the company, Morgan Stanley on February 08, 2024, Downgraded its rating to Equal-Weight and sets its target price to $10 from $15 previously.
On January 25, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $17 to $11.
Deutsche Bank Downgraded its Buy to Hold on January 25, 2024, whereas the target price for the stock was revised from $16 to $9.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 2.17B and an Enterprise Value of 19.24B. As of this moment, Hertz’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.88, and their Forward P/E ratio for the next fiscal year is 6.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 2.05 whereas that against EBITDA is 5.27.
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 $7.06. The 50-Day Moving Average of the stock is 8.18, while the 200-Day Moving Average is calculated to be 12.33.
Shares Statistics:
The stock has traded on average 5.11M shares per day over the past 3-months and 4.4M shares per day over the last 10 days, according to various share statistics. 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 5.29, 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
Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of -$0.37 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 $0.53. EPS for the following year is $0.97, with 7 analysts recommending between $1.44 and $0.4.
Revenue Estimates
7 analysts predict $2.06B in revenue for the current quarter. 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 0.40% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $2.47B, an increase of 1.30% over than the figure of $0.40% 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 8 analysts have provided revenue estimates for HTZ’s current fiscal year. The highest revenue estimate was $9.7B, while the lowest revenue estimate was $9.48B, resulting in an average revenue estimate of $9.63B. In the same quarter a year ago, actual revenue was $9.37B, up 2.80% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $10.05B in the next fiscal year. The high estimate is $10.31B and the low estimate is $9.7B. The average revenue growth estimate for next year is up 4.40% from the average revenue estimate for this year.
