Car rental company Hertz posts bigger quarterly loss

Hertz Corp

Hertz Corp

On an per-share basis, the company's adjusted loss was $1.61 per share, far exceeding the average analysts estimate for a loss of 84 cents.

The declining market for sedans and economy cars isn't just being felt across dealerships, it's also giving rental auto companies like Hertz a lot of trouble. In contrast to the year ago quarter EPS was at 0.73. The business's revenue was down 3.4% compared to the same quarter a year ago.

They expect $-1 EPS, down 100% or $1 from last year's $n/a per share. (HTZ) has the trading volume of 2.82 Million shares with the average trading volume of 3170 shares. Company's distance from 20 day simple moving average is -6.81% and distance from 50-Day simple moving average is -18.16%. The stock touched 52-week High of $53.14 on 07/27/16 and 52-week Low of $14.32 on 05/04/17.

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ICF International, Inc. has a consensus outperform rating from 7 Wall Street analysts, and the number of shares now sold short amount to at least 0.41% of shares outstanding.

An issue of Hertz Global Holdings, Inc (NYSE:HTZ) bonds rose 3.6% against their face value during trading on Tuesday following a dissappointing earnings announcement.

Currently, EPS of Hertz Global Holdings, Inc. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Conversely, most high-tech, Nasdaq-based stocks have a beta of greater than 1, offering the possibility of a higher rate of return, but also posing more risk.

In recent trading day Hertz Global Holdings, Inc. Investors might also notice that three month ago the Buy recommendations (2) were less than Sell recommendations (5). Hertz Global Holdings has a consensus rating of "Hold" and an average target price of $35.38.

The Mosaic Company (NYSE:MOS) closed up +0.09 points or 0.38% at $23.54 with 6.84 mln shares exchanging hands.

News stories about Hertz Global Holdings (NYSE:HTZ) have trended somewhat positive recently, AlphaOne Sentiment Analysis reports.

The stock fell 14 per cent yesterday to US$12.80, the lowest closing price since March 2009, after earlier tumbling as much as 21 per cent. Hertz Global Holdings earned a news sentiment score of 0.14 on Alpha One's scale.

ILLEGAL ACTIVITY NOTICE: "Hertz Global Holdings, Inc (HTZ) Bonds Rise 3.6% During Trading Earnings" was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. Therefore, the stated figure displays a quarterly performance of -29.84% and year to date performance of -30.52%. The target implies a 50.67% spike from where the shares are now trading. Federated Investors Inc. PA now owns 5,448 shares of the transportation company's stock worth $117,000 after buying an additional 3,236 shares during the last quarter. "These investments are critical to rebuilding our position as a leader in the global rental auto market", Marinello added.

During last 5 trades the stock sticks nearly -9.53%. Hertz Global has not yet issued any FY17 guidance. More and more customers want to rent SUVs instead of the dinky cars usually associated with rental fleets, so Hertz has been selling off its sedans and compact economy cars in order to add more SUVs to the fleet. Revenue per available room (RevPAR) rose 3.1% on surprisingly strong travel demand in the US and in the company's Asia-Pacific region.

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