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March 18, 2014
10:43 EDTHTZHertz sees FY14 gross fleet investment $600M-$675M
Says went into October significantly over-fleeted. Says excess fleet made it more difficult to optimize pricing. Says aggressively selling fleet. Says rolling out price optimization system. Says Q4 challenges were unusual and temporary. Says excess fleet situation is "nearly behind us." Expects to see similar trends and expenses associated with excess fleet in Q1 as Q4 , "but after that those costs will be behind us." The company said its priority for FY14 is double digit revenue growth. Says expects to be able to tighten guidance range as the company has more flexibility throughout the year. Expects more growth in Europe as market stabilizes. Expects international revenue fleet costs to be down low single digits in FY14. Says fleet utilization should progressively improve starting in the second quarter but expects to get back to the 2012 to 80% plus rate this year. Expects rental car performance to gain viability and recognition among shareholders. Says sees being active in returning shareholder value. Comments made during the company's Q4 earnings conference call
News For HTZ From The Last 14 Days
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November 19, 2015
10:11 EDTHTZHigh option volume stocks
November 18, 2015
07:57 EDTHTZBarclays to hold a conference
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November 17, 2015
16:01 EDTHTZHertz sees added $250M of cost savings in 2016 above $300M target
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15:19 EDTHTZHertz advances after providing guidance at investor day
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November 16, 2015
16:43 EDTHTZGreenlight Capital added Apple, sold some SunEdison
Greenlight Capital gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: CNX Coal Resources (CNXC), Garmin (GRMN), Terraform Global (GLBL), and Liberty Global (LILA). INCREASED STAKES: Apple (AAPL), Michael Kors (KORS), Dillard's (DDS), UIL Holdings (UIL), and Twenty-First Century Fox (FOXA). DECREASED STAKES: SunEdison (SUNE), Micron (MU), Voya (VOYA), Applied Materials (AMAT), and SunEdison Semiconductor (SEMI). LIQUIDATED STAKES: Citizens Financial (CFG), Lam Research (LRCX), Spirit AeroSystems (SPR), Hertz (HTZ), and Macy's (M).
13:24 EDTHTZHertz to host investor day
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