Horizon Global Corporation Company Profile (NYSE:HZN)

Horizon Global Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "HZN."

Horizon Global Corporation declared that its board has authorized a share buyback program on Sunday, June 4th 2017, which authorizes the company to repurchase 1,500,000 shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Horizon Global Corporation (NYSE:HZN) released its quarterly earnings results on Tuesday, August, 1st. The company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.17. The company earned $253.60 million during the quarter, compared to analyst estimates 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 firm's quarterly revenue was up 51.1% on a year-over-year basis. View Horizon Global Corporation's Earnings History.

Horizon Global Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Horizon Global Corporation.

Horizon Global Corporation updated 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 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.

7 equities research analysts have issued 12 month price objectives for Horizon Global Corporation's stock. Their predictions range from $16.00 to $23.00. On average, they anticipate Horizon Global Corporation's share price to reach $20.17 in the next twelve months. View Analyst Ratings for Horizon Global Corporation.

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)

Some companies that are related to Horizon Global Corporation include Modine Manufacturing Company (MOD), Douglas Dynamics (PLOW), Motorcar Parts of America (MPAA), Tower International (TOWR), Superior Industries International (SUP), Spartan Motors (SPAR), Westport Fuel Systems (WPRT), Commercial Vehicle Group (CVGI), China Automotive Systems (CAAS), Strattec Security Corporation (STRT), SORL Auto Parts (SORL), Power Solutions International (PSIX), Fenix Parts (FENX), Bayer Motoren Werk (BAMXY), Continental AG (CTTAY), Federal-Mogul Holdings LLC (FDML) and Fuji Heavy Industries (FUJHY).

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

Horizon Global Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include First Manhattan Co. (5.60%), Tocqueville Asset Management L.P. (4.79%), Northpointe Capital LLC (4.55%), Dimensional Fund Advisors LP (3.98%), Vanguard Group Inc. (3.78%) and Royal Bank of Canada (3.66%). Company insiders that own Horizon Global Corporation stock include A Mark Zeffiro, David G Rice, Jay Goldbaum, Richard D Siebert and Scott G Kunselman. View Institutional Ownership Trends for Horizon Global Corporation.

Horizon Global Corporation's stock was sold by a variety of institutional investors in the last quarter, including Skylands Capital LLC, Boston Partners, Tocqueville Asset Management L.P., Nationwide Fund Advisors, Parametric Portfolio Associates LLC, Dimensional Fund Advisors LP, First Manhattan Co. and Rutabaga Capital Management LLC MA. View Insider Buying and Selling for Horizon Global Corporation.

Horizon Global Corporation's stock was bought by a variety of institutional investors in the last quarter, including Walthausen & Co. LLC, SG Capital Management LLC, Northpointe Capital LLC, Third Avenue Management LLC, Tygh Capital Management Inc., Russell Investments Group Ltd., GW&K Investment Management LLC and Kennedy Capital Management Inc.. Company insiders that have bought Horizon Global Corporation 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 Corporation.

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.

One share of Horizon Global Corporation stock can currently be purchased for approximately $17.16.