Hertz Global Holdings Inc (HTZ) Releases Earnings Results, Misses Expectations By $-0.13 EPS

Hertz Global Holdings Inc (HTZ) reported quarterly earnings results on Monday, May-9-2016. The company reported $-0.12 earnings per share for the quarter, missing the analyst consensus estimate by $-0.13. Analysts had a consensus of $0.01. The company posted revenue of $2311.00 million in the period, compared to analysts expectations of $2368.71 million. The company’s revenue was down -5.8% compared to the same quarter last year.

Many Wall Street Analysts have commented on Hertz Global Holdings Inc. Hertz Global Holdings Inc was Downgraded by Credit Suisse to ” Neutral” on Apr 12, 2016. Shares were Reiterated by MKM Partners on Apr 11, 2016 to “Buy” and Lowered the Price Target to $ 16 from a previous price target of $17 .Hertz Global Holdings Inc was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 2016.

Hertz Global Holdings Inc opened for trading at $8.45 and hit $9.02 on the upside on Friday, eventually ending the session at $9, with a gain of 4.53% or 0.39 points. The heightened volatility saw the trading volume jump to 83,22,249 shares. Company has a market cap of $3,815 M.

In a different news, on Mar 4, 2016, Daniel A Ninivaggi (director) purchased 2,500 shares at $9.89 per share price. According to the SEC, on Mar 2, 2016, Michel Taride (Group President RAC Internatio) sold 164,080 shares at $14.30 per share price. On Aug 17, 2015, John P Tague (CEO) purchased 50,000 shares at $18.06 per share price, according to the Form-4 filing with the securities and exchange commission.

Hertz Global Holdings Inc. is a holding company. The Company operates car rental business through its Hertz Dollar Thrifty and Firefly brands. The Company’s operating segments are U.S. Car Rental International Car Rental Worldwide Equipment Rental and All Other Operations. As of December 31 2014 the Company operated 10880 corporate and franchisee locations in North America Europe Latin and South America Asia Australia Africa the Middle East and New Zealand. Its brands maintain separate airport counters reservations and reservation systems marketing and all other customer contact activities. Its Hertz brand has approximately 9395 corporate and franchisee locations in 145 countries. Its Dollar and Thrifty brands combined have approximately 1380 corporate and franchisee locations in 77 countries and Firefly brand has approximately 105 corporate and franchisee locations in 12 countries. Its equipment rental business is operated through the Hertz Equipment Rental brand.

Hertz Global Holdings Inc

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