Horizon Global Corporation (NYSE:HZN) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $1.04-1.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.09. The company issued revenue guidance of +38-41% to ~$896-915 million, compared to the consensus revenue estimate of $872.12 million.
Several research analysts have commented on the company. Zacks Investment Research raised Horizon Global Corporation from a hold rating to a strong-buy rating and set a $21.00 target price for the company in a research note on Thursday, August 3rd. BMO Capital Markets restated a buy rating and set a $20.00 price target on shares of Horizon Global Corporation in a report on Friday, October 13th. Bank of America Corporation cut Horizon Global Corporation from a neutral rating to an underperform rating in a report on Tuesday, September 5th. Roth Capital set a $22.00 price target on Horizon Global Corporation and gave the stock a buy rating in a report on Wednesday, August 2nd. Finally, BidaskClub cut Horizon Global Corporation from a hold rating to a sell rating in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $19.83.
Horizon Global Corporation (HZN) traded down 4.87% during mid-day trading on Wednesday, hitting $15.44. The stock had a trading volume of 107,301 shares. The firm’s market cap is $385.01 million. The company’s 50 day moving average price is $17.24 and its 200 day moving average price is $17.23. Horizon Global Corporation has a 52 week low of $11.80 and a 52 week high of $26.36.
Horizon Global Corporation (NYSE:HZN) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The company had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $227.24 million. Horizon Global Corporation had a positive return on equity of 18.86% and a negative net margin of 1.45%. Horizon Global Corporation’s revenue for the quarter was up 58.3% compared to the same quarter last year. During the same period last year, the firm posted $0.30 EPS. Analysts anticipate that Horizon Global Corporation will post $1.09 earnings per share for the current year.
In related news, CEO A Mark Zeffiro sold 17,130 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $16.45, for a total transaction of $281,788.50. Following the transaction, the chief executive officer now directly owns 238,284 shares of the company’s stock, valued at approximately $3,919,771.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.27% of the company’s stock.
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Horizon Global Corporation 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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