At the time of writing, Hertz Global Holdings Inc. [HTZ] stock is trading at $7.80, up 5.55%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HTZ shares have gain 4.28% over the last week, with a monthly amount drifted -0.76%, and not seem to be holding up well over a long-time horizon.
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On 8, April 2024, Hertz Global Holdings, Inc. to Announce First Quarter 2024 Financial Results on April 25th. In a post published today on Yahoo Finance, Hertz Global Holdings, Inc. (NASDAQ: HTZ) (the “Company”) announced today that it plans to report its first quarter 2024 financial results at approximately 7:30 a.m. ET on Thursday, April 25, 2024 followed by an earnings call at 8:30 a.m. ET.A live webcast of the call will be available on the Investor Relations page of the Company’s website at https://ir.hertz.com. To access the call by phone, please register through this link: Hertz Q1 2024 earnings teleco registration and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A web replay will remain available on the website for approximately one year.
From an analyst’s perspective:
Hertz Global Holdings Inc. [NASDAQ: HTZ] stock has seen the most recent analyst activity on April 04, 2024, when Goldman downgraded its rating to a Sell and also revised its price target to $7 from $8. Previously, BofA Securities started tracking the stock with Neutral rating on March 19, 2024, and set its price target to $9. On February 08, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $10 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $11 on January 25, 2024. Deutsche Bank downgraded its rating to a Hold and reduced its price target to $9 on January 25, 2024. Jefferies downgraded its rating to Hold for this stock on January 19, 2024, and downed its price target to $8. In a note dated January 18, 2024, Morgan Stanley upgraded an Overweight rating on this stock and revised its target price from $16 to $15.
For the past year, the stock price of Hertz Global Holdings Inc. fluctuated between $6.88 and $19.36. Currently, Wall Street analysts expect the stock to reach $20.33 within the next 12 months. Hertz Global Holdings Inc. [NASDAQ: HTZ] shares were valued at $7.80 at the most recent close of the market. An investor can expect a potential return of 160.64% based on the average HTZ price forecast.
Analyzing the HTZ fundamentals
According to Hertz Global Holdings Inc. [NASDAQ:HTZ], the company’s sales were 9.37B for trailing twelve months, which represents an 7.32% jump. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.2 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.77.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.53 points at the first support level, and at 7.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.93, and for the 2nd resistance point, it is at 8.07.
Hertz Global Holdings Inc. [HTZ] reported earnings per share of -$1.36 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.76/share, meaning a difference of -$0.6 and a surprise factor of -78.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.7 per share as compared to estimates of $0.76 per share, a difference of -$0.06 representing a surprise of -7.90%.
Ratios To Look Out For
It is important to note that Hertz Global Holdings Inc. [NASDAQ:HTZ] has a current ratio of 1.82. In addition, the Quick Ratio stands at 1.82 and the Cash Ratio stands at 0.25. Considering the valuation of this stock, the price to sales ratio is 0.12, the price to book ratio is 0.77 and price to earnings (TTM) ratio is 4.25.
Transactions by insiders
Recent insider trading involved Leef Eric, EVP, Chief HR Officer, that happened on May 08 ’23 when 1946.0 shares were sold.
