Hertz Shares Plunge After Company Widens Loss, Misses Expectations

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State Board of Administration of Florida Retirement System increased its stake in Hertz Global Holdings by 3.0% in the fourth quarter. During its last trading session, Stock traded with the total exchanged volume of 6.86 million shares. Gamco Investors INC. ET AL now owns 3,386,104 shares of the transportation company's stock valued at $59,392,000 after buying an additional 1,127,957 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hertz Global Holdings by 8.1% in the fourth quarter.

Brokerage houses, on average, are recommending investors to buy Idera Pharmaceuticals, Inc. Nisa Investment Advisors LLC purchased a new position in Hertz Global Holdings during the first quarter valued at $174,000. Institutional investors own 91.26% of the company's stock. For the next 5 years, Hertz Global Holdings, Inc.is expecting Growth of 85.7% per annum, whereas in the past 5 years the growth was 12.11% per annum. The firm bought 1,800,000 shares of the transportation company's stock, valued at approximately $31,572,000. (HTZ) stock price ended its day with loss -0.47% and finalized at the price of $14.91. The company's stock had a trading volume of 7,590,317 shares. We believe buy-side expectations had lowered to ~$400-$450mm of EBITDA for FY17, but this quarter suggests that even the lower end of that range may be a struggle. The analysts estimated mean EPS at 1.23 while the high and low EPS estimate stand at 3.47 and 0.34 respectively. High growth rates in EPS are more reliable in the case of "matured companies" which has experienced a complete economic cycle of expansion and contraction, through a bear market phase and a bull run. Finally, Deutsche Bank AG reissued a "hold" rating and set a $24.00 price objective on shares of Hertz Global Holdings in a report on Wednesday, March 1st.

Hertz Global Holdings, Inc (NYSE:HTZ) late Monday posted much worse than expected first quarter earnings results, reporting a massive loss amid a drop in sales. In addition, the loss from continuing operations before income taxes for the quarter was $294 million compared with $76 million in the same period a year ago. For trailing twelve months, EPS value for the stock is $-0.51. Hertz Global Holdings's revenue was down.9% on a year-over-year basis. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1 per share.

A number of equities research analysts have recently weighed in on HTZ shares.


Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company.

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. Hertz Global Holdings now has an average rating of "Hold" and an average price target of $35.38.

While Hertz performance remained disappointing, the company remains focused on its turnaround plan, which keeps customers at centre stage. Revenues fell year over year mainly due to soft revenues at the worldwide rental vehicle segments, which was largely hurt by unfavorable currency movements. It operates through four segments: U.S.

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