Horizon Global Corporation (NYSE:HZN) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.04-1.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.09. The company issued revenue guidance of +38-41% to ~$896-915 million, compared to the consensus revenue estimate of $872.12 million.

Horizon Global Corporation (NYSE:HZN) traded down 1.47% during mid-day trading on Tuesday, reaching $16.79. 221,580 shares of the company’s stock traded hands. Horizon Global Corporation has a 12-month low of $11.80 and a 12-month high of $26.36. The stock’s market capitalization is $418.68 million. The stock has a 50-day moving average price of $17.25 and a 200-day moving average price of $17.25.

Horizon Global Corporation (NYSE:HZN) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.38 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. Horizon Global Corporation had a negative net margin of 1.45% and a positive return on equity of 18.86%. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $227.24 million. During the same quarter last year, the business earned $0.30 earnings per share. Horizon Global Corporation’s quarterly revenue was up 58.3% compared to the same quarter last year. Equities research analysts expect that Horizon Global Corporation will post $1.09 EPS for the current year.

Several equities analysts have commented on HZN shares. Bank of America Corporation lowered shares of Horizon Global Corporation from a neutral rating to an underperform rating in a research report on Tuesday, September 5th. Zacks Investment Research upgraded shares of Horizon Global Corporation from a hold rating to a buy rating and set a $16.00 price objective for the company in a research report on Wednesday, July 12th. BMO Capital Markets reiterated a buy rating and set a $20.00 price objective on shares of Horizon Global Corporation in a research report on Friday, October 13th. BidaskClub lowered shares of Horizon Global Corporation from a hold rating to a sell rating in a research report on Thursday, July 27th. Finally, Roth Capital set a $22.00 price objective on shares of Horizon Global Corporation and gave the company a buy rating in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $19.83.

In other Horizon Global Corporation news, CEO A Mark Zeffiro sold 17,130 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $16.45, for a total transaction of $281,788.50. Following the completion of the transaction, the chief executive officer now owns 238,284 shares in the company, valued at $3,919,771.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.27% of the stock is owned by company insiders.

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About Horizon Global Corporation

Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.

Earnings History and Estimates for Horizon Global Corporation (NYSE:HZN)

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