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 - NEC
  • Sub-Industry: N/A
  • Symbol: NYSE:HZN
  • CUSIP: N/A
  • Web: www.horizonglobal.com
Capitalization:
  • Market Cap: $426.9 million
  • Outstanding Shares: 24,936,000
Average Prices:
  • 50 Day Moving Avg: $15.58
  • 200 Day Moving Avg: $15.32
  • 52 Week Range: $11.80 - $26.36
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 12.59
  • P/E Growth: 0.97
Sales & Book Value:
  • Annual Revenue: $792.2 million
  • Price / Sales: 0.54
  • Book Value: $6.07 per share
  • Price / Book: 2.82
Profitability:
  • EBIDTA: $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: 281,425 shs.
  • Beta: 1.93
  • 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 initiated a share buyback plan on Sunday, June 4th 2017, which allows the company to repurchase 1,500,000 shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are 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 EPS for the quarter, beating the Zacks' consensus estimate of $0.67 by $0.17. The business earned $253.60 million during the quarter, compared to the consensus estimate of $241.08 million. Horizon Global Corporation had a positive return on equity of 18.86% and a negative net margin of 1.45%. The business's revenue was up 51.1% on a year-over-year basis. 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, November, 7th 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 EPS 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.

Where is Horizon Global Corporation's stock going? Where will Horizon Global Corporation's stock price be in 2017?

7 equities research analysts have issued 1 year target prices for Horizon Global Corporation's stock. Their predictions range from $16.00 to $23.00. On average, they expect Horizon Global Corporation's stock price to reach $20.17 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

Who owns Horizon Global Corporation stock?

Horizon Global Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors 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.

Who sold Horizon Global Corporation stock? Who is selling Horizon Global Corporation stock?

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.

Who bought Horizon Global Corporation stock? Who is buying Horizon Global Corporation stock?

Horizon Global Corporation's stock was purchased 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.

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 $17.12.


MarketBeat Community Rating for Horizon Global Corporation (NYSE HZN)
Community Ranking:  2.3 out of 5 ( )
Outperform Votes:  71 (Vote Outperform)
Underperform Votes:  81 (Vote Underperform)
Total Votes:  152
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: 3 Hold Ratings, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.57)
Consensus Price Target: $20.17 (17.80% upside)

Analysts' Ratings History for Horizon Global Corporation (NYSE:HZN)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/2/2017Roth CapitalSet Price TargetBuy$22.00HighView Rating Details
8/2/2017BMO Capital MarketsBoost Price TargetOutperform$18.00 -> $20.00HighView Rating Details
3/14/2017Bank of America CorporationInitiated CoverageNeutral -> Neutral$18.00HighView 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 8/20/2015 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
10/30/2017$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: 93.74%
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
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)
Source:
DateHeadline
finance.yahoo.com logoETFs with exposure to Horizon Global Corp. : August 17, 2017
finance.yahoo.com - August 18 at 4:57 AM
americanbankingnews.com logoHorizon Global Corporation (NYSE:HZN) versus Lear Corporation (LEA) Head-To-Head Survey
www.americanbankingnews.com - August 10 at 8:07 AM
americanbankingnews.com logoZacks: Analysts Expect Horizon Global Corporation (HZN) Will Announce Quarterly Sales of $230.00 Million
www.americanbankingnews.com - August 5 at 7:42 AM
americanbankingnews.com logoHorizon Global Corporation (NYSE:HZN) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - August 4 at 6:46 PM
americanbankingnews.com logoSeaport Global Securities Weighs in on Horizon Global Corporation's Q3 2017 Earnings (NYSE:HZN)
www.americanbankingnews.com - August 4 at 7:42 AM
americanbankingnews.com logoHorizon Global Corporation (HZN) Upgraded at Zacks Investment Research
www.americanbankingnews.com - August 3 at 11:38 PM
finance.yahoo.com logoHorizon Global Corp. :HZN-US: Earnings Analysis: Q2, 2017 By the Numbers : August 3, 2017
finance.yahoo.com - August 3 at 7:44 PM
americanbankingnews.com logoSeaport Global Securities Comments on Horizon Global Corporation's FY2017 Earnings (HZN)
www.americanbankingnews.com - August 3 at 9:52 AM
americanbankingnews.com logoZacks: Brokerages Expect Horizon Global Corporation (HZN) to Post $0.37 EPS
www.americanbankingnews.com - August 3 at 8:24 AM
finance.yahoo.com logoHorizon Global Corp. breached its 50 day moving average in a Bullish Manner : HZN-US : August 2, 2017
finance.yahoo.com - August 2 at 8:16 PM
finance.yahoo.com logoHorizon Global to Present at J.P. Morgan Auto Conference
finance.yahoo.com - August 2 at 8:16 PM
finance.yahoo.com logoEdited Transcript of HZN earnings conference call or presentation 1-Aug-17 12:30pm GMT
finance.yahoo.com - August 2 at 8:16 PM
americanbankingnews.com logoHorizon Global Corporation (NYSE:HZN) Given a $22.00 Price Target at Roth Capital
www.americanbankingnews.com - August 2 at 3:14 PM
finance.yahoo.com logoHorizon Global Beats Second Quarter 2017 Revenue and Earnings Per Share Guidance; Raises Full-Year 2017 Earnings Per Share Guidance
finance.yahoo.com - August 1 at 8:16 PM
finance.yahoo.com logoInvestor Network: Horizon Global Corp. to Host Earnings Call
finance.yahoo.com - August 1 at 8:16 PM
finance.yahoo.com logoHere's Why Horizon Global Is Soaring Today
finance.yahoo.com - August 1 at 8:16 PM
finance.yahoo.com logoMargin Expansion Allows Horizon Global's Profits to Soar
finance.yahoo.com - August 1 at 8:16 PM
finance.yahoo.com logoHorizon Global tops Street 2Q forecasts
finance.yahoo.com - August 1 at 8:16 PM
americanbankingnews.com logoHorizon Global Corporation (HZN) Posts Earnings Results, Beats Estimates By $0.17 EPS
www.americanbankingnews.com - August 1 at 10:54 AM
americanbankingnews.com logoHorizon Global Corporation (NYSE:HZN) Updates FY17 Earnings Guidance
www.americanbankingnews.com - August 1 at 10:47 AM
americanbankingnews.com logoHorizon Global Corporation (HZN) Updates Q3 Earnings Guidance
www.americanbankingnews.com - August 1 at 10:46 AM
finance.yahoo.com logoWhat's in Store for Ferrari (RACE) this Earnings Season?
finance.yahoo.com - July 31 at 7:07 PM
finance.yahoo.com logoWhat's in the Offing for Tesla (TSLA) this Earnings Season?
finance.yahoo.com - July 28 at 10:45 PM
finance.yahoo.com logoHonda (HMC) to Report Q1 Earnings: What's in Store?
finance.yahoo.com - July 28 at 10:45 PM
americanbankingnews.com logoHorizon Global Corporation (NYSE:HZN) Scheduled to Post Earnings on Tuesday
www.americanbankingnews.com - July 27 at 12:14 PM
finance.yahoo.com logoWhat's in Store for Delphi Automotive (DLPH) in Q2 Earnings?
finance.yahoo.com - July 26 at 4:07 PM
finance.yahoo.com logoWhat's in the Cards for Fiat Chrysler (FCAU) in Q2 Earnings?
finance.yahoo.com - July 25 at 8:00 PM
bizjournals.com logoManufacturer will deliver 120 jobs to Edgerton facility
www.bizjournals.com - July 24 at 11:18 PM
finance.yahoo.com logoLear Corp. (LEA) to Report Q2 Earnings: What's in the Cards?
finance.yahoo.com - July 24 at 11:18 PM
americanbankingnews.com logoHorizon Global Corporation (HZN) Cut to Hold at Zacks Investment Research
www.americanbankingnews.com - July 23 at 2:26 PM
finance.yahoo.com logo4 Auto Stocks On Track to Beat in Q2
finance.yahoo.com - July 21 at 4:11 PM
finance.yahoo.com logoHorizon Global Announces Date for Second Quarter 2017 Earnings Release
finance.yahoo.com - July 18 at 10:03 PM
americanbankingnews.com logoHorizon Global Corporation (HZN) Expected to Announce Quarterly Sales of $241.16 Million
www.americanbankingnews.com - July 14 at 4:21 PM
americanbankingnews.com logoHorizon Global Corporation (NYSE:HZN) Earns "Buy" Rating from BMO Capital Markets
www.americanbankingnews.com - July 13 at 9:40 PM
americanbankingnews.com logoZacks: Brokerages Anticipate Horizon Global Corporation (HZN) to Announce $0.67 Earnings Per Share
www.americanbankingnews.com - July 12 at 8:18 AM
americanbankingnews.com logoHorizon Global Corporation (HZN) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - July 10 at 7:06 PM
americanbankingnews.com logoHorizon Global Corporation (HZN) Raised to "Buy" at Zacks Investment Research
www.americanbankingnews.com - July 9 at 2:56 PM
americanbankingnews.com logoBarrington Research Comments on Horizon Global Corporation's Q2 2017 Earnings (HZN)
www.americanbankingnews.com - July 7 at 8:44 AM
americanbankingnews.com logoReviewing Metaldyne Performance Group (MPG) and Horizon Global Corporation (NYSE:HZN)
www.americanbankingnews.com - July 6 at 7:31 AM
finance.yahoo.com logoHorizon Global Corp. breached its 50 day moving average in a Bullish Manner : HZN-US : July 4, 2017
finance.yahoo.com - July 5 at 8:11 AM
finance.yahoo.com logoHorizon Global Corp. – Value Analysis (NYSE:HZN) : June 22, 2017
finance.yahoo.com - June 22 at 6:22 PM
finance.yahoo.com logoHorizon Global Corp. breached its 50 day moving average in a Bearish Manner : HZN-US : June 20, 2017
finance.yahoo.com - June 20 at 6:38 PM
americanbankingnews.com logo$241.16 Million in Sales Expected for Horizon Global Corporation (HZN) This Quarter
www.americanbankingnews.com - June 18 at 10:48 AM
americanbankingnews.com logoHorizon Global Corporation (HZN) Expected to Post Earnings of $0.67 Per Share
www.americanbankingnews.com - June 16 at 11:38 AM
americanbankingnews.com logoHorizon Global Corporation (HZN) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - June 13 at 4:48 PM
americanbankingnews.com logoHorizon Global Corp (HZN) to Buyback 1,500,000 Outstanding Stock
www.americanbankingnews.com - June 4 at 11:28 AM
americanbankingnews.com logoHorizon Global Corp (HZN) Upgraded at TheStreet
www.americanbankingnews.com - June 1 at 2:22 PM
finance.yahoo.com logoIs Horizon Global (HZN) Stock a Solid Choice Right Now?
finance.yahoo.com - May 30 at 10:41 AM
americanbankingnews.com logoHorizon Global Corp (HZN) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - May 19 at 4:46 PM
finance.yahoo.com logoHorizon 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

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Horizon Global Corporation (HZN) Chart for Sunday, August, 20, 2017

This page was last updated on 8/20/2017 by MarketBeat.com Staff