Hertz Global Holdings (HTZ) : Earnings Preview

Hertz Global Holdings, Inc. (HTZ) is set to announce its 2Q/15 earnings after the market close on Monday, August 10. Analysts expect one of the leading general-use car rental brands to report earnings per share of $0.19 and revenue of $2.71 billion. That would be 22c higher the ($0.03) per share posted last quarter and 10c lower the $0.29 posted in the 2Q/14. Revenue is projected to be $120 million lower than the $2.83 billion posted in the same period a year earlier. Meanwhile, Zacks Equity Research expects Hertz to report “cost savings of $300 million for FY’15, an increase of $100 million from the previous target of $200 million.”

Stock action: Shares of Hertz Global Holdings ended this week at $15.93. Currently, the Naples, Florida-based company has 5 analysts that rate it a ‘Buy’, 2 rate it a ‘Hold’ whereas 1 analyst rates it a ‘Sell’. HTZ has a median Wall Street price target of $26.00 with a high target of $32.00.

On valuation measures, Hertz Global shares have a T-12 price/sales ratio of 0.68 and a price/book for the same period of 3.19. EPS is ($0.18). The name has a market cap of $7.31 billion. In terms of share statistics, HTZ has a total of 459.02 million shares outstanding with 1.82% held by insiders and 94.10% held by institutions. The stock’s short interest currently stands at 8.59%, bringing the total number of shares sold short to 39.03 million.

Shares of Hertz Global Holdings, Inc are down 40.82% year-over-year and 36.13% year-to-date.

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