For today’s bulletin, we take a look at the latest earnings report from Hertz $HTZ and provide a link to download a FREE STOCK REPORT on the company
VALUATION WATCH: Overvalued stocks now make up 63.3% of our stocks assigned a valuation and 26.1% of those equities are calculated to be overvalued by 20% or more. Thirteen sectors are calculated to be overvalued.
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Hertz Global Holdings, Inc. (HTZ) operates car rental business. The company’s product and services consists of Hertz Gold Plus Rewards, NeverLost(R), Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Green and Prestige Collections. It operates primarily in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz Global Holdings, Inc. is based in FL, United States.
Hertz posted a bad miss Monday afternoon, and shares paid a price as a result. By the close yesterday, Hertz stock was down @14% after gaining a bit back from the initial shock–which saw the shares drop more than 20% in morning trading.
The company reported a first quarter 2017 net loss from continuing operations of $223 million, or $2.69 per diluted share, including $30 million of impairment charges, compared with net loss from continuing operations of $52 million, or $0.61 per diluted share, during the first quarter of 2016. On an adjusted basis, the Company reported a net loss for the first quarter 2017 of $134 million, or $1.61 per diluted share, compared with an adjusted net loss of $67 million, or $0.79 per diluted share, for the same period last year.
Total revenues for the first quarter 2017 were $1.9 billion, a 3% decline versus the first quarter 2016. Loss from continuing operations before income taxes for first quarter 2017 was $294 million versus $76 million in the same period last year. Adjusted Corporate EBITDA for the first quarter 2017 was a negative $110 million, compared to positive $27 million in the same period last year.
Company CEO Karen Marinello blamed some of the losses on bad inventory at Hertz, which she claimed was a result of an over optimistic view of the potential resale of those cars. In addition, Hertz has too many cars in its fleet and not enough trucks and SUVs, which are more popular for many of their customers. It is hard to sell the cars right now, because the market is flooded with vehicles coming off of leases that are also for sale.
Below is today’s data on Hertz Global Holdings, Inc. (HTZ):
VALUENGINE RECOMMENDATION: ValuEngine continues its HOLD recommendation on Hertz Global Holdings for 2017-05-08. Based on the information we have gathered and our resulting research, we feel that Hertz Global Holdings has the probability to ROUGHLY MATCH average market performance for the next year. The company exhibits ATTRACTIVE Earnings Growth Rate but UNATTRACTIVE Sharpe Ratio.
You can download a free copy of detailed report on Hertz Global Holdings, Inc. (HTZ) from the link below.
|Valuation & Rankings|
|Valuation||34.51% undervalued||Valuation Rank(?)||91|
|1-M Forecast Return||0.03%||1-M Forecast Return Rank||53|
|12-M Return||n/a||Momentum Rank(?)||n/a|
|Sharpe Ratio||-3.32||Sharpe Ratio Rank(?)||1|
|5-Y Avg Annual Return||-144.33%||5-Y Avg Annual Rtn Rank||3|
|Expected EPS Growth||772.73%||EPS Growth Rank(?)||98|
|Market Cap (billions)||1.27||Size Rank||65|
|Trailing P/E Ratio||58.09||Trailing P/E Rank(?)||36|
|Forward P/E Ratio||6.66||Forward P/E Ratio Rank||95|
|PEG Ratio||0.08||PEG Ratio Rank||86|
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