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: N/A
- Sub-Industry: N/A
- Symbol: NYSE:HZN
- CUSIP: N/A
- Web: www.horizonglobal.com
- Market Cap: $382.44 million
- Outstanding Shares: 25,581,000
- 50 Day Moving Avg: $13.92
- 200 Day Moving Avg: $18.50
- 52 Week Range: $10.60 - $26.36
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 11.68
- P/E Growth: 0.98
- Annual Revenue: $706.37 million
- Price / Sales: 0.54
- Book Value: $5.19 per share
- Price / Book: 2.88
- EBIDTA: $45.38 million
- Net Margins: 1.39%
- Return on Equity: 208.56%
- Return on Assets: 5.86%
- Debt-to-Equity Ratio: 11.18%
- Current Ratio: 1.76%
- Quick Ratio: 0.97%
- Average Volume: 532,436 shs.
- Beta: 2.11
- Short Ratio: 1.51
Frequently Asked Questions for Horizon Global Corp (NYSE:HZN)
What is Horizon Global Corp's stock symbol?
Horizon Global Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "HZN."
How were Horizon Global Corp's earnings last quarter?
Horizon Global Corp (NYSE:HZN) posted its quarterly earnings results on Wednesday, May, 3rd. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.09 by $0.26. The business had revenue of $203.28 million for the quarter, compared to analyst estimates of $204.90 million. Horizon Global Corp had a net margin of 1.39% and a return on equity of 208.56%. View Horizon Global Corp's Earnings History.
What guidance has Horizon Global Corp issued on next quarter's earnings?
Horizon Global Corp updated its second quarter earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $0.67 - $0.72 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.48.
Where is Horizon Global Corp's stock going? Where will Horizon Global Corp's stock price be in 2017?
7 analysts have issued 12-month price objectives for Horizon Global Corp's stock. Their forecasts range from $16.00 to $23.00. On average, they anticipate Horizon Global Corp's share price to reach $20.00 in the next twelve months. View Analyst Ratings for Horizon Global Corp.
What are analysts saying about Horizon Global Corp stock?
Here are some recent quotes from research analysts about Horizon Global Corp 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. " (3/14/2017)
- 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 Corp's key competitors?
Some companies that are related to Horizon Global Corp include Modine Manufacturing (MOD), Douglas Dynamics (PLOW), Motorcar Parts of America (MPAA), Superior Industries International (SUP), Tower International (TOWR), Spartan Motors (SPAR), Commercial Vehicle Group (CVGI), Westport Fuel Systems (WPRT), Sorl Auto Parts (SORL), China Automotive Systems (CAAS), Strattec Security Corp. (STRT), Power Solutions International (PSIX), Unique Fabricating (UFAB), Fenix Parts (FENX), Accuride (ACW), Bayer Motoren Werk (BAMXY), Federal-Mogul Holdings Corp (FDML) and LCI Industries (DW).
Who are Horizon Global Corp's key executives?
Horizon Global Corp'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
Who owns Horizon Global Corp stock?
Horizon Global Corp's stock is owned by a number of of retail and institutional investors. Top institutional investors include Tocqueville Asset Management L.P. (4.98%), First Manhattan Co. (4.69%), Dimensional Fund Advisors LP (3.96%), Vanguard Group Inc. (3.48%), Northpointe Capital LLC (3.13%) and Rutabaga Capital Management LLC MA (2.90%). Company insiders that own Horizon Global Corp stock include A Mark Zeffiro, David G Rice, Jay Goldbaum, Richard D Siebert and Scott G Kunselman. View Institutional Ownership Trends for Horizon Global Corp.
Who sold Horizon Global Corp stock? Who is selling Horizon Global Corp stock?
Horizon Global Corp's stock was sold by a variety of institutional investors in the last quarter, including BP Capital Fund Advisors LLC, Driehaus Capital Management LLC, Russell Investments Group Ltd., Morgan Stanley, California Public Employees Retirement System, TIAA CREF Investment Management LLC, Spark Investment Management LLC and ClariVest Asset Management LLC. View Insider Buying and Selling for Horizon Global Corp.
Who bought Horizon Global Corp stock? Who is buying Horizon Global Corp stock?
Horizon Global Corp's stock was acquired by a variety of institutional investors in the last quarter, including Northpointe Capital LLC, GW&K Investment Management LLC, Rutabaga Capital Management LLC MA, Tocqueville Asset Management L.P., Boston Partners, Skylands Capital LLC, Cortina Asset Management LLC and Dimensional Fund Advisors LP. Company insiders that have bought Horizon Global Corp stock in the last two years include A Mark Zeffiro, David G Rice, Jay Goldbaum, Richard D Siebert and Scott G Kunselman. View Insider Buying and Selling for Horizon Global Corp.
How do I buy Horizon Global Corp stock?
Shares of Horizon Global Corp 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 Corp's stock price today?
MarketBeat Community Rating for Horizon Global Corp (NYSE HZN)MarketBeat's community ratings are surveys of what our community members think about Horizon Global Corp 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 Corp stock can currently be purchased for approximately $14.95.
Earnings History for Horizon Global Corp (NYSE:HZN)Earnings History by Quarter for Horizon Global Corp (NYSE:HZN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|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 Corp (NYSE:HZN)
2017 EPS Consensus Estimate: $1.14
2018 EPS Consensus Estimate: $1.19
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Horizon Global Corp (NYSE:HZN)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Horizon Global Corp (NYSE:HZN)
Insider Ownership Percentage: 0.73%Insider Trades by Quarter for Horizon Global Corp (NYSE:HZN)
Institutional Ownership Percentage: 63.97%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|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 Corp (NYSE:HZN)
Latest Headlines for Horizon Global Corp (NYSE:HZN)
|Horizon Global Corp (HZN) Receives Consensus Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - May 19 at 4:46 PM
|Horizon Global Corp. breached its 50 day moving average in a Bullish Manner : HZN-US : May 12, 2017|
finance.yahoo.com - May 12 at 6:28 PM
|Horizon Global Corp (HZN) Director Buys $27,940.00 in Stock|
www.americanbankingnews.com - May 11 at 8:48 PM
|ETFs with exposure to Horizon Global Corp. : May 8, 2017|
finance.yahoo.com - May 8 at 5:29 PM
|Horizon Global Corp. Reports Another Loss but Raises Full-Year Profit Guidance|
www.fool.com - May 8 at 10:46 AM
|Horizon Global Corp Forecasted to Post Q3 2017 Earnings of $0.53 Per Share (HZN)|
www.americanbankingnews.com - May 8 at 8:59 AM
|Q3 2017 EPS Estimates for Horizon Global Corp Raised by Seaport Global Securities (HZN)|
www.americanbankingnews.com - May 8 at 8:52 AM
|Horizon Global Corp. :HZN-US: Earnings Analysis: Q1, 2017 By the Numbers : May 5, 2017|
finance.yahoo.com - May 5 at 5:47 PM
|Horizon Global Corp (HZN) Issues Quarterly Earnings Results|
www.americanbankingnews.com - May 5 at 5:00 PM
|Horizon Global reports 1Q loss|
finance.yahoo.com - May 4 at 11:54 AM
|$204.9 Million in Sales Expected for Horizon Global Corp (HZN) This Quarter|
www.americanbankingnews.com - May 4 at 1:36 AM
|$0.09 EPS Expected for Horizon Global Corp (HZN) This Quarter|
www.americanbankingnews.com - May 4 at 1:36 AM
|Horizon Global Corp (HZN) Issues Q2 Earnings Guidance|
www.americanbankingnews.com - May 4 at 12:16 AM
|Horizon Global Reports Financial Results for the First Quarter 2017; Raises Full-Year 2017 Earnings Per Share Guidance and Announces Share Repurchase Program|
finance.yahoo.com - May 3 at 5:25 PM
|Horizon Global Corp (HZN) Earns Daily News Sentiment Rating of 0.37|
www.americanbankingnews.com - May 3 at 10:34 AM
|Horizon Global Corp (HZN) Expected to Announce Quarterly Sales of $204.9 Million|
www.americanbankingnews.com - April 30 at 10:10 AM
|Horizon Global Corp (HZN) Earns Daily Coverage Optimism Score of -0.07|
www.americanbankingnews.com - April 29 at 11:15 AM
|Horizon Global Corp (HZN) Expected to Post Earnings of $0.09 Per Share|
www.americanbankingnews.com - April 28 at 8:53 AM
|Horizon Global to Present at the Wells Fargo Securities 2017 Industrial and Construction Conference|
finance.yahoo.com - April 26 at 7:33 PM
|Horizon Global Corp (HZN) Earns News Sentiment Rating of 0.35|
www.americanbankingnews.com - April 26 at 6:32 PM
|How These Industrial Equipment Stocks are Faring? -- Horizon Global, WESCO, MSC Industrial, and Wesco Aircraft|
www.prnewswire.com - April 25 at 5:19 PM
|Horizon Global Corp (HZN) Given Consensus Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - April 24 at 8:20 PM
|Horizon Global Corp (HZN) Earns Daily Media Impact Score of 0.28|
www.americanbankingnews.com - April 21 at 4:17 PM
|Horizon Global Announces Date for First Quarter 2017 Earnings Release|
finance.yahoo.com - April 20 at 5:54 PM
|Horizon Global Corp (HZN) Earning Favorable Press Coverage, Report Finds|
www.americanbankingnews.com - April 18 at 5:30 PM
|Horizon Global Corp (HZN) Getting Somewhat Positive Media Coverage, Report Shows|
www.americanbankingnews.com - April 15 at 11:45 AM
|Analysts Offer Predictions for Horizon Global Corp's Q3 2017 Earnings (HZN)|
www.americanbankingnews.com - April 13 at 9:43 AM
|Horizon Global Corp (HZN) Earns Outperform Rating from Analysts at BMO Capital Markets|
www.americanbankingnews.com - April 12 at 9:03 AM
|Q1 2017 EPS Estimates for Horizon Global Corp (HZN) Lowered by Analyst|
www.americanbankingnews.com - April 12 at 8:38 AM
|Horizon Global Corp (HZN) Expected to Post Quarterly Sales of $204.9 Million|
www.americanbankingnews.com - April 8 at 7:58 AM
|ETFs with exposure to Horizon Global Corp. : April 7, 2017|
finance.yahoo.com - April 7 at 5:41 PM
|Horizon Global Corp (HZN) Expected to Announce Earnings of $0.10 Per Share|
www.americanbankingnews.com - April 7 at 12:13 AM
|Horizon Global Corp (HZN) Given Consensus Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - March 29 at 1:22 PM
|Horizon Global Corp (HZN) Coverage Initiated at Wells Fargo & Co|
www.americanbankingnews.com - March 26 at 12:31 PM
|Bolan's Blowout looks at Alarm.com (ALRM) and Horizon Global (HZN)|
finance.yahoo.com - March 16 at 9:29 PM
|A Mark Zeffiro Buys 10,800 Shares of Horizon Global Corp (HZN) Stock|
www.americanbankingnews.com - March 16 at 8:27 PM
|Horizon Global Corp. :HZN-US: Earnings Analysis: Q4, 2016 By the Numbers : March 16, 2017|
us.rd.yahoo.com - March 16 at 4:27 PM
|Horizon Global Corp (HZN) Downgraded by Zacks Investment Research|
www.americanbankingnews.com - March 15 at 2:19 AM
|Horizon Global Corp (HZN) Director Jay Goldbaum Purchases 1,100 Shares|
www.americanbankingnews.com - March 15 at 12:24 AM
|Horizon Global Corp (HZN) Coverage Initiated at Bank of America Corp|
www.americanbankingnews.com - March 14 at 9:27 PM
|Horizon Global Corp (HZN) Stock Rating Lowered by TheStreet|
www.americanbankingnews.com - March 13 at 7:31 PM
|Horizon Global downgraded by Seaport Global Securities|
us.rd.yahoo.com - March 13 at 5:42 PM
|Horizon Global Shares Slide After Stock Downgraded at Seaport|
www.thestreet.com - March 13 at 5:42 PM
|Q2 2017 EPS Estimates for Horizon Global Corp (HZN) Lowered by Analyst|
www.americanbankingnews.com - March 13 at 11:38 AM
|Horizon Global Corp. (HZN) Fell To A 7-Month Low After Q4 Loss|
www.rttnews.com - March 10 at 11:58 PM
|HORIZON GLOBAL CORP Files SEC form 10-K, Annual Report|
biz.yahoo.com - March 10 at 6:58 PM
|Horizon Global Reports Financial Results for the Fourth Quarter and Full Year 2016, Highlighted by the Transformational Acquisition of Westfalia|
us.rd.yahoo.com - March 9 at 3:52 PM
|Horizon Global reports 4Q loss|
us.rd.yahoo.com - March 9 at 3:52 PM
|Q4 2016 Horizon Global Corp Earnings Release - Before Market Open|
us.rd.yahoo.com - March 9 at 3:52 PM
|Horizon Global Corp (HZN) Updates FY17 Earnings Guidance|
www.americanbankingnews.com - March 9 at 10:48 AM
Horizon Global Corp (HZN) Chart for Monday, May, 29, 2017