Analysts Anticipate Horizon Global Corp (HZN) Will Post Earnings of $0.01 Per Share
Wall Street analysts expect Horizon Global Corp (NYSE:HZN) to announce earnings per share of $0.01 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Horizon Global’s earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.03. Horizon Global reported earnings per share of ($0.37) in the same quarter last year, which would suggest a positive year over year growth rate of 102.7%. The company is expected to announce its next earnings results on Thursday, March 8th.
According to Zacks, analysts expect that Horizon Global will report full-year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.10. For the next fiscal year, analysts forecast that the business will post earnings of $1.32 per share, with EPS estimates ranging from $1.20 to $1.43. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Horizon Global.
Horizon Global (NYSE:HZN) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The business had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $227.24 million. Horizon Global had a negative net margin of 0.56% and a positive return on equity of 16.58%. The company’s revenue was up 58.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS.
HZN has been the topic of several analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $20.00 price target on shares of Horizon Global in a research note on Friday, October 13th. Roth Capital set a $24.00 target price on shares of Horizon Global and gave the company a “buy” rating in a research note on Saturday, December 16th. ValuEngine upgraded shares of Horizon Global from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Horizon Global from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. Finally, Barrington Research restated an “outperform” rating and set a $23.00 target price on shares of Horizon Global in a research note on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Horizon Global currently has an average rating of “Hold” and a consensus target price of $20.33.
Horizon Global (HZN) opened at $14.42 on Tuesday. The firm has a market cap of $360.35, a price-to-earnings ratio of -34.33, a PEG ratio of 1.28 and a beta of 1.63. Horizon Global has a one year low of $11.80 and a one year high of $25.81. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 1.62.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HZN. Walthausen & Co. LLC purchased a new position in shares of Horizon Global during the 2nd quarter valued at $11,654,000. Third Avenue Management LLC purchased a new stake in Horizon Global in the 2nd quarter worth $3,850,000. Dean Investment Associates LLC purchased a new stake in Horizon Global in the 3rd quarter worth $3,387,000. Vanguard Group Inc. lifted its stake in Horizon Global by 24.2% in the 1st quarter. Vanguard Group Inc. now owns 887,446 shares of the company’s stock worth $12,318,000 after purchasing an additional 172,933 shares in the last quarter. Finally, Kennedy Capital Management Inc. purchased a new stake in Horizon Global in the 2nd quarter worth $1,183,000. Institutional investors own 90.84% of the company’s stock.
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About Horizon Global
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.
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