Horizon Global Corporation Company Profile (NYSE:HZN)

About Horizon Global Corporation (NYSE:HZN)

Horizon Global Corporation logoHorizon 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
Capitalization:
  • Market Cap: $424.66 million
  • Outstanding Shares: 24,936,000
Average Prices:
  • 50 Day Moving Avg: $17.27
  • 200 Day Moving Avg: $17.27
  • 52 Week Range: $11.80 - $26.36
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 12.52
  • P/E Growth: 1.50
Sales & Book Value:
  • Annual Revenue: $792.2 million
  • Price / Sales: 0.54
  • Book Value: $6.07 per share
  • Price / Book: 2.81
Profitability:
  • EBITDA: $58.76 million
  • Net Margins: -1.45%
  • Return on Equity: 18.86%
  • Return on Assets: 2.76%
Debt:
  • Debt-to-Equity Ratio: 1.78%
  • Current Ratio: 1.69%
  • Quick Ratio: 0.89%
Misc:
  • 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?

Horizon Global Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Horizon Global Corporation.

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?

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?

One share of Horizon Global Corporation stock can currently be purchased for approximately $17.03.


MarketBeat Community Rating for Horizon Global Corporation (NYSE HZN)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  88 (Vote Outperform)
Underperform Votes:  103 (Vote Underperform)
Total Votes:  191
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.

Analyst Ratings

Consensus Ratings for Horizon Global Corporation (NYSE:HZN) (How are Consensus Ratings Calculated?)
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)
Price Target History for Horizon Global Corporation (NYSE:HZN)
Analysts' Ratings History for Horizon Global Corporation (NYSE:HZN)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/13/2017BMO Capital MarketsReiterated RatingBuy$20.00N/AView Rating Details
9/5/2017Bank of America CorporationDowngradeNeutral -> UnderperformLowView Rating Details
8/2/2017Roth CapitalSet Price TargetBuy$22.00HighView Rating Details
3/13/2017Barrington ResearchLower Price TargetOutperform$22.00MediumView Rating Details
3/13/2017Seaport Global SecuritiesDowngradeBuy -> Neutral$16.00HighView Rating Details
2/21/2017Wells Fargo & CompanyInitiated CoverageMarket Perform -> Market PerformN/AView Rating Details
9/20/2016CJS SecuritiesInitiated CoverageMarket Outperform$23.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Horizon Global Corporation (NYSE:HZN)
Earnings by Quarter for Horizon Global Corporation (NYSE:HZN)
Earnings History by Quarter for Horizon Global Corporation (NYSE HZN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017$0.44N/AView Earnings Details
8/1/2017Q2 2017$0.67$0.84$241.08 million$253.60 millionViewListenView Earnings Details
5/3/2017Q1 2017$0.09($0.17)$204.90 million$203.28 millionViewListenView Earnings Details
3/9/2017Q4 2016($0.12)($0.37)$169.15 million$183.61 millionViewListenView Earnings Details
11/1/2016Q316$0.28$0.30$154.49 million$151.72 millionViewN/AView Earnings Details
8/8/2016Q216$0.39$0.64$166.54 million$167.76 millionViewN/AView Earnings Details
5/2/2016Q116$0.08$0.15$143.88 million$146.11 millionViewN/AView Earnings Details
11/10/2015Q315$0.52$0.50$153.74 million$153.34 millionViewListenView Earnings Details
8/10/2015Q215$0.36$0.30$175.97 million$158.50 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Horizon Global Corporation (NYSE:HZN)
2017 EPS Consensus Estimate: $1.17
2018 EPS Consensus Estimate: $1.28
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.04$0.25$0.11
Q2 20173$0.50$0.69$0.58
Q3 20173$0.36$0.40$0.38
Q4 20173$0.01$0.16$0.10
Q1 20182$0.03$0.09$0.06
Q2 20182$0.71$0.72$0.72
Q3 20182$0.40$0.41$0.41
Q4 20182$0.04$0.15$0.10
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Horizon Global Corporation (NYSE:HZN)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Horizon Global Corporation (NYSE:HZN)
Insider Ownership Percentage: 1.27%
Institutional Ownership Percentage: 94.02%
Insider Trades by Quarter for Horizon Global Corporation (NYSE:HZN)
Institutional Ownership by Quarter for Horizon Global Corporation (NYSE:HZN)
Insider Trades by Quarter for Horizon Global Corporation (NYSE:HZN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/19/2017A Mark ZeffiroCEOSell27,000$16.38$442,260.00View SEC Filing  
9/18/2017A Mark ZeffiroCEOSell17,130$16.45$281,788.50View SEC Filing  
5/9/2017Scott G KunselmanDirectorBuy2,000$13.97$27,940.00View SEC Filing  
3/14/2017A Mark ZeffiroCEOBuy10,800$13.57$146,556.00View SEC Filing  
3/14/2017Richard D SiebertDirectorBuy1,000$13.42$13,420.00View SEC Filing  
3/13/2017David G RiceCFOBuy4,000$14.41$57,640.00View SEC Filing  
3/13/2017Jay GoldbaumDirectorBuy1,100$14.63$16,093.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Horizon Global Corporation (NYSE:HZN)
Latest Headlines for Horizon Global Corporation (NYSE:HZN)
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Chart

Horizon Global Corporation (HZN) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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