About Horizon Global Corporation (NYSE:HZN)
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. Its towing product category includes devices and accessories installed on a tow-vehicle for the purpose of attaching a trailer and camper, among others, such as hitches and other towing accessories. Its trailering product category includes control devices and components of the trailer itself, such as brake controls and brake replacement parts. Its cargo management product category includes a range of products used to facilitate the transportation of various forms of cargo, to secure that cargo or to organize items. Its other product category includes a range of items, such as tubular push bars, side steps, and commercial brooms and brushes.
Industry, Sector and Symbol:
- Sector: Auto/Tires/Trucks
- Industry: Auto, Truck & Motorcycle Parts
- Sub-Industry: N/A
- Symbol: NYSE:HZN
- CUSIP: N/A
- Web: www.horizonglobal.com
- Market Cap: $424.66 million
- Outstanding Shares: 24,936,000
- 50 Day Moving Avg: $17.27
- 200 Day Moving Avg: $17.27
- 52 Week Range: $11.80 - $26.36
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 12.52
- P/E Growth: 1.50
- Annual Revenue: $792.2 million
- Price / Sales: 0.54
- Book Value: $6.07 per share
- Price / Book: 2.81
- EBITDA: $58.76 million
- Net Margins: -1.45%
- Return on Equity: 18.86%
- Return on Assets: 2.76%
- Debt-to-Equity Ratio: 1.78%
- Current Ratio: 1.69%
- Quick Ratio: 0.89%
- Average Volume: 191,514 shs.
- Beta: 1.86
- Short Ratio: 12.43
Frequently Asked Questions for Horizon Global Corporation (NYSE:HZN)
What is Horizon Global Corporation's stock symbol?
Horizon Global Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "HZN."
How will Horizon Global Corporation's stock buyback program work?
Horizon Global Corporation announced that its Board of Directors has approved a stock repurchase plan on Sunday, June 4th 2017, which allows the company to buyback 1,500,000 shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.
How were Horizon Global Corporation's earnings last quarter?
Horizon Global Corporation (NYSE:HZN) issued its quarterly earnings data on Tuesday, August, 1st. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.67 by $0.17. The firm earned $253.60 million during the quarter, compared to analysts' expectations of $241.08 million. Horizon Global Corporation had a negative net margin of 1.45% and a positive return on equity of 18.86%. The company's quarterly revenue was up 51.1% compared to the same quarter last year. View Horizon Global Corporation's Earnings History.
When will Horizon Global Corporation make its next earnings announcement?
What guidance has Horizon Global Corporation issued on next quarter's earnings?
Horizon Global Corporation issued an update on its FY17 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of $1.04-1.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.98. The company issued revenue guidance of +30-35%, compared to the consensus revenue estimate of $858.32 million.Horizon Global Corporation also updated its Q3 guidance to $0.35-0.40 EPS.
Where is Horizon Global Corporation's stock going? Where will Horizon Global Corporation's stock price be in 2017?
6 brokers have issued 12 month target prices for Horizon Global Corporation's stock. Their predictions range from $16.00 to $22.00. On average, they expect Horizon Global Corporation's share price to reach $19.60 in the next year. View Analyst Ratings for Horizon Global Corporation.
What are analysts saying about Horizon Global Corporation stock?
Here are some recent quotes from research analysts about Horizon Global Corporation stock:
- 1. According to Zacks Investment Research, "Horizon Global Corporation is a designer, manufacturer and distributor of towing, trailering, cargo management and accessory products for original equipment, aftermarket and retail customers. Horizon Global Corporation is based in Bloomfield Hills, United States. " (8/3/2017)
- 2. Seaport Global Securities analysts commented, "We are lowering our rating to Neutral from Buy due to the lower operating performance forecasted in the company's disappointing 2017 outlook. We are lowering our 2017 EPS estimate to $0.91 (from $1.41), and our 2018 estimate to $1.14 (from $1.81) due to lower than previously expected operating profit related to the Westfalia acquisition. In our view, HZN management's communication regarding the fundamental outlook for the US and Europe automotive aftermarket sector appears positive. However, accounting related to the Westfalia acquisition and dilution from the debt and equity offering are negative enough to lower HZN's overall outlook. We believe that HZN shares will be in the penalty box for the next several quarters until HZN management can report more consistent EPS results. We are lowering our price target to $16 (from $27) due to our lower 2017 and 2018 EPS estimates. Our new $16 price target equates to a 2018 P/E of 14.1x and EV/EBITDA multiple of 7.1x (compared to a 2018 P/E of 13.0x and EV/EBITDA of 8.4x for a blend of comparable companies that include auto suppliers and specialty vehicle accessories; Exhibits 1 and 2)." (3/13/2017)
Who are some of Horizon Global Corporation's key competitors?
Some companies that are related to Horizon Global Corporation include Tower International (TOWR), Spartan Motors (SPAR), Motorcar Parts of America (MPAA), Westport Fuel Systems (WPRT), Superior Industries International (SUP), Commercial Vehicle Group (CVGI), China Automotive Systems (CAAS), Strattec Security Corporation (STRT), Power Solutions International (PSIX), SORL Auto Parts (SORL), Autobytel (AUTO), Fenix Parts (FENX), Bayer Motoren Werk (BAMXY) and Federal-Mogul Holdings LLC (FDML).
Who are Horizon Global Corporation's key executives?
Horizon Global Corporation's management team includes the folowing people:
- Aldo Mark Zeffiro, Co-Chairman of the Board, President, Chief Executive Officer
- Denise Ilitch, Co-Chairman of the Board
- David Rice, Chief Financial Officer
- Ruthanne Largent, Chief Information Officer
- Jay Goldbaum, Legal Director and Corporate Secretary
- David C. Dauch, Director
- Richard L. DeVore, Director
- Scott G. Kunselman, Director
- Richard D. Siebert, Director
- Samuel Valenti III, Director
How do I buy Horizon Global Corporation stock?
Shares of Horizon Global Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Horizon Global Corporation's stock price today?
MarketBeat Community Rating for Horizon Global Corporation (NYSE HZN)MarketBeat's community ratings are surveys of what our community members think about Horizon Global Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Horizon Global Corporation stock can currently be purchased for approximately $17.03.
Consensus Ratings for Horizon Global Corporation (NYSE:HZN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 2 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$19.60 (15.09% upside)|Consensus Price Target History for Horizon Global Corporation (NYSE:HZN)
Analysts' Ratings History for Horizon Global Corporation (NYSE:HZN)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/13/2017||BMO Capital Markets||Reiterated Rating||Buy||$20.00||N/A|
|9/5/2017||Bank of America Corporation||Downgrade||Neutral -> Underperform||Low|
|8/2/2017||Roth Capital||Set Price Target||Buy||$22.00||High|
|3/13/2017||Barrington Research||Lower Price Target||Outperform||$22.00||Medium|
|3/13/2017||Seaport Global Securities||Downgrade||Buy -> Neutral||$16.00||High|
|2/21/2017||Wells Fargo & Company||Initiated Coverage||Market Perform -> Market Perform||N/A|
|9/20/2016||CJS Securities||Initiated Coverage||Market Outperform||$23.00||N/A|
Earnings History for Horizon Global Corporation (NYSE:HZN)Earnings History by Quarter for Horizon Global Corporation (NYSE HZN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||Q2 2017||$0.67||$0.84||$241.08 million||$253.60 million||View||Listen|
|5/3/2017||Q1 2017||$0.09||($0.17)||$204.90 million||$203.28 million||View||Listen|
|3/9/2017||Q4 2016||($0.12)||($0.37)||$169.15 million||$183.61 million||View||Listen|
|11/1/2016||Q316||$0.28||$0.30||$154.49 million||$151.72 million||View||N/A|
|8/8/2016||Q216||$0.39||$0.64||$166.54 million||$167.76 million||View||N/A|
|5/2/2016||Q116||$0.08||$0.15||$143.88 million||$146.11 million||View||N/A|
|11/10/2015||Q315||$0.52||$0.50||$153.74 million||$153.34 million||View||Listen|
|8/10/2015||Q215||$0.36||$0.30||$175.97 million||$158.50 million||View||N/A|
Earnings Estimates for Horizon Global Corporation (NYSE:HZN)
2017 EPS Consensus Estimate: $1.17
2018 EPS Consensus Estimate: $1.28
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Horizon Global Corporation (NYSE:HZN)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Horizon Global Corporation (NYSE:HZN)
Insider Ownership Percentage: 1.27%Insider Trades by Quarter for Horizon Global Corporation (NYSE:HZN)
Institutional Ownership Percentage: 94.02%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/19/2017||A Mark Zeffiro||CEO||Sell||27,000||$16.38||$442,260.00|| |
|9/18/2017||A Mark Zeffiro||CEO||Sell||17,130||$16.45||$281,788.50|| |
|5/9/2017||Scott G Kunselman||Director||Buy||2,000||$13.97||$27,940.00|| |
|3/14/2017||A Mark Zeffiro||CEO||Buy||10,800||$13.57||$146,556.00|| |
|3/14/2017||Richard D Siebert||Director||Buy||1,000||$13.42||$13,420.00|| |
|3/13/2017||David G Rice||CFO||Buy||4,000||$14.41||$57,640.00|| |
|3/13/2017||Jay Goldbaum||Director||Buy||1,100||$14.63||$16,093.00|| |
Headline Trends for Horizon Global Corporation (NYSE:HZN)
Latest Headlines for Horizon Global Corporation (NYSE:HZN)
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Horizon Global Corporation (HZN) Chart for Sunday, October, 22, 2017