Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
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Hertz Global (HTZ) PT Lowered to $4.80 at Deutsche Bank
April 29, 2024 7:07 AM EDTDeutsche Bank analyst Chris Woronka lowered the price target on Hertz Global (NASDAQ: HTZ) to $4.80 (from $6.00) while maintaining a Hold rating.
The analyst comments "We thought new CEO Gil West said a lot of the right things during last week's 1Q24 earnings call. But the devil is always in the details, and the hard part--execution--still lies ahead. One of our key musings is that at least a few of HTZ's turnaround initiatives may be difficult to achieve without at... More
Hertz Global (HTZ) Misses Q1 EPS by 83c
April 25, 2024 7:31 AM EDTHertz Global (NASDAQ: HTZ) reported Q1 EPS of ($1.28), $0.83 worse than the analyst estimate of ($0.45). Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.04 billion.
Corporate liquidity of $1.3 billion at March 31, 2024For earnings history and earnings-related data on Hertz Global (HTZ) click here.
... MoreHertz Global (HTZ) January 4 puts active into quarter results and outlook
April 24, 2024 12:01 PM EDTHertz Global (NASDAQ: HTZ) May option implied volatility is at 111, June is at 87; compared to its 52-week range of 20 to 108 into the expected release of quarter results on April 25. Call put ratio 1 call to 1.9 puts with focus on January 4 puts.
... MoreIncreasing unusual put option volume: IBRX HCP CTVA CORT HTZ AGNC GL GSM
April 24, 2024 5:25 AM EDTIncreasing unusual put option volume: IBRX HCP CTVA CORT HTZ AGNC GL GSM
... MoreGoldman Sachs Reiterates Sell Rating on Hertz Global (HTZ)
April 23, 2024 8:57 AM EDTGoldman Sachs analyst Lizzie Dove reiterated a Sell rating and $7.00 price target on Hertz Global (NASDAQ: HTZ). Comments followed an amendment to leverage covenants.
The analyst commented, "HTZ filed an amendment to increase its First Lien covenants through 1Q25, with additional limitations on restricted payments and permitted investments. The consolidated first... More
Hertz Global (HTZ) Discloses Amendment to Credit Agreement
April 23, 2024 7:19 AM EDTHertz Global (NASDAQ: HTZ) disclosed:
Item 1.01 Entry into a Material Definitive Agreement.
Amendment to Credit Agreement
On April 16, 2024, The Hertz Corporation (THC) entered into Amendment No. 8 to Credit Agreement (Amendment No. 8), by and among THC, the Subsidiary Borrowers (as defined below) party thereto, Rental Car Intermediate Holdings, LLC, the other guarantors party thereto and Barclays Bank PLC, as administrative agent (the Administrative Agent) and the Revolving Lenders party thereto, which amends that certain Credit Agreement, dated as of June 30, 2021, by and among THC, the subsidiary borrowers party thereto from time to time (the Subsidiary Borrowers),... More
