Hertz shares slump as losses widen in CEO's debut quarter

During the same quarter a year ago, the company earned $0.05 EPS. The firm's revenue was down.9% on a year-over-year basis.

Following trading activity for Hertz Global Holdings, Inc.(NYSE:HTZ), we can see that the stock has moved onto today's list of most actives. Volume on the day was 6.71 million shares. The stock has a 50 day moving average price of $16.75 and a 200-day moving average price of $22.38.

EPS growth in past 5 year was -38.30% along with sales growth of 1.20% in the last five years. Hertz Global Holdings, Inc has a 12 month low of $11.78 and a 12 month high of $53.14.

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COPYRIGHT VIOLATION NOTICE: This story was first published by BBNS and is owned by of BBNS.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Markets Daily and is owned by of Markets Daily. Wall Street expected a loss of 91 cents a share. Earnings also reported a $132M loss of income due to the continuing cost of operations and only a $22M loss in Q1 of 2016 which translates to a difference of a 500% difference! Following last close company's stock, is 4.28% above their SMA 50 and -0.91% below the 52-week high. Zacks Investment Research downgraded shares of Hertz Global Holdings from a "hold" rating to a "sell" rating in a research report on Thursday, February 23rd. Deutsche Bank AG reiterated a "hold" rating and set a $24.00 price target on shares of Hertz Global Holdings in a research report on Wednesday, March 1st.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Hertz Global Holdings, Inc (HTZ) stands at 1.3 while the industry's and the sector's growth for next 5 years ticked at 4.06 and 7.23 respectively.

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In recent trade, Hertz Global Holdings, Inc. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of "Hold" and a consensus price target of $35.38.

Hedge funds have recently bought and sold shares of the company. Year to date Hertz Global Holdings, Inc.

Now the shares of Hertz Global Holdings, Inc. Hertz Global Holdings, Inc (NYSE:HTZ) has declined 62.87% since September 30, 2016 and is downtrending. Adjusted for one-time items, the company reported a net loss of $134 million, or $1.61 a share, compared with an adjusted net loss of $67 million, or 79 cents a share, for the same period a year ago. (NYSE:HPQ) stock volatility was recorded 1.37% which for the previous full month was noted 1.55%. Finally, Russell Investments Group Ltd. raised its position in shares of Hertz Global Holdings by 40.4% in the first quarter. The higher the return on equity, the better job a company is at optimizing the investment made on shareholders' behalf. Hertz continued its fleet optimization plan by selling 21% more vehicles year-over-year, according to the company.

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The company has been hit harder than other rental firms because its fleet had a lot of compact cars and family sedans, which are out of favor with USA drivers.


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