Equities research analysts expect that Horizon Global Corp (NYSE:HZN) will report sales of $207.82 million for the current quarter, Zacks reports. Four analysts have made estimates for Horizon Global’s earnings. The highest sales estimate is $210.70 million and the lowest is $205.00 million. Horizon Global posted sales of $183.61 million in the same quarter last year, which suggests a positive year over year growth rate of 13.2%. The firm is expected to report its next earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Horizon Global will report full year sales of $207.82 million for the current fiscal year, with estimates ranging from $902.00 million to $907.70 million. For the next fiscal year, analysts forecast that the business will post sales of $999.68 million per share, with estimates ranging from $930.00 million to $1.03 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Horizon Global.

Horizon Global (NYSE:HZN) last issued its earnings results on Tuesday, October 31st. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. Horizon Global had a negative net margin of 0.56% and a positive return on equity of 16.58%. The firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $227.24 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. Horizon Global’s revenue for the quarter was up 58.3% on a year-over-year basis.

HZN has been the subject of several research reports. Roth Capital set a $24.00 price objective on shares of Horizon Global and gave the company a “buy” rating in a research report on Saturday, December 16th. ValuEngine upgraded shares of Horizon Global from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Barrington Research reiterated an “outperform” rating and set a $23.00 price objective on shares of Horizon Global in a research report on Tuesday, December 19th. Zacks Investment Research upgraded shares of Horizon Global from a “sell” rating to a “hold” rating in a research report on Monday, December 18th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $20.00 price objective on shares of Horizon Global in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Horizon Global has a consensus rating of “Hold” and a consensus target price of $20.33.

Shares of Horizon Global (HZN) traded down $0.11 during trading hours on Friday, hitting $13.35. 145,534 shares of the company were exchanged, compared to its average volume of 280,884. The company has a current ratio of 1.62, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. Horizon Global has a 12-month low of $11.80 and a 12-month high of $22.64. The company has a market capitalization of $332.92 and a price-to-earnings ratio of -31.05.

A number of hedge funds have recently added to or reduced their stakes in HZN. Dean Investment Associates LLC bought a new stake in shares of Horizon Global in the 3rd quarter worth about $3,387,000. PEAK6 Investments L.P. bought a new stake in shares of Horizon Global in the 3rd quarter worth about $233,000. Spitfire Capital LLC lifted its holdings in shares of Horizon Global by 2.1% in the 3rd quarter. Spitfire Capital LLC now owns 1,093,319 shares of the company’s stock worth $19,286,000 after acquiring an additional 22,100 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Horizon Global in the 3rd quarter worth about $490,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Horizon Global by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,021,346 shares of the company’s stock worth $18,017,000 after acquiring an additional 29,724 shares during the last quarter. Institutional investors and hedge funds own 90.84% of the company’s stock.

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Horizon Global Company Profile

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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