Streetbeat News

HTZ

Hertz Global Holdings, Inc.

https://www.hertz.com

Industry

Rental & Leasing Services

Hertz Global Holdings, Inc. operates as a vehicle rental company. It operates through two segments, Americas Rental Car and International Rental Car. The company provides vehicle rental services under the Hertz, Dollar, and Thrifty brands from company-owned, licensee, and franchisee locations in the United States, Africa, Asia, Australia, Canada, the Caribbean, Europe, Latin America, the Middle East, and New Zealand. It also sells vehicles; and operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets. Hertz Global Holdings, Inc. was founded in 1918 and is headquartered in Estero, Florida.

Open

3.42

Mkt cap

1.2B

Volume

5.3M

High

3.82

P/E Ratio

-0.41

52-wk high

8.21

Low

3.40

Div yield

N/A

52-wk low

2.47

Hertz's stock experienced a volatile day, initially tumbling due to a disappointing earnings report but later recovering.

Portfolio Pulse from

November 12, 2024 | 9:00 pm

Hertz Global Holdings, Inc. held its Q3 2024 earnings call, discussing financial performance and future outlook. Key participants included executives and analysts from major financial institutions.

Portfolio Pulse from

November 12, 2024 | 7:00 pm

Hertz Global Holdings (HTZ) reported a larger-than-expected loss for the third quarter, primarily due to a $1 billion non-cash asset impairment charge.

Portfolio Pulse from

November 12, 2024 | 6:30 pm

Hertz Global (NYSE:HTZ) reported its largest quarterly loss of the year due to a billion-dollar non-cash impairment charge related to its Tesla (NASDAQ:TSLA) electric vehicle fleet. The charge was primarily due to a decline in fleet residual values.

Portfolio Pulse from

November 12, 2024 | 5:45 pm

Hertz experienced a $1 billion charge due to a decrease in the value of its cars, which is linked to an accelerated fleet rotation. This led to a drop in Hertz's stock, although it recovered from earlier lows.

Portfolio Pulse from

November 12, 2024 | 5:00 pm

Hertz Global (HTZ) released its Q3 earnings, providing insights into its performance compared to Wall Street estimates and year-ago values. Investors should consider key metrics beyond top- and bottom-line numbers.

Portfolio Pulse from

November 12, 2024 | 4:15 pm

Hertz Global Holdings, Inc. (HTZ) reported a Q3 loss of $0.68 per share, missing the Zacks Consensus Estimate of a $0.50 loss. This is a significant decline from the $0.70 earnings per share reported a year ago.

Portfolio Pulse from

November 12, 2024 | 3:30 pm

Hertz reported its third quarter 2024 results, emphasizing its transformation and back-to-basics strategy aimed at delivering sustainable, long-term returns for shareholders. CEO Gil West highlighted the team's commitment to customers and strategic objectives.

Portfolio Pulse from

November 12, 2024 | 1:15 pm

The article discusses analyst estimates for Hertz Global (HTZ) Q3 earnings, focusing on revenue, EPS, and other key metrics to understand the company's performance for the quarter ending September 2024.

Portfolio Pulse from

November 07, 2024 | 3:30 pm

Hertz Global Holdings (NASDAQ:HTZ) has received mixed analyst evaluations over the past three months, with ratings ranging from indifferent to somewhat bearish. The average 12-month price target has decreased by 24.96% to $4.75. Analysts from Barclays, Morgan Stanley, Susquehanna, and JP Morgan have adjusted their ratings and price targets, reflecting challenges in Hertz's financial performance, including declining revenue, low net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 9:01 pm

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