New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 6, 2014
08:43 EDTHTZHertz says Q1 results 'likely to be below consensus'
Hertz disclosed earlier that it needs to amend its filings to correct errors identified during its preparation of its Q1 10-Q filing. Hertz said in the filing that for Q1 the company’s results are "likely to be below consensus, reflecting costs associated with the accounting review, other unusual items, and certain anticipated operating results," adding that the company will not be certain until its review is completed. Consensus for Hertz' Q1 EPS and revenue are 9c and $2.56B, respectively. Hertz also noted in its filing that Q1 U.S. rental car revenue increased approximately 4.5% over the same period last year and that U.S. rental car total revenue per day was down 1.6% compared with last year due to excess fleet creating a supply/demand imbalance, the loss of the Easter holiday, and a strategic change in the business mix with the introduction of the Firefly discount brand. Adjusted for volume mix, total revenue per day was flat in the segment. International rental car revenue increased approximately 1.7% over the same period last year and worldwide equipment rental segment revenue increased approximately 2.4% over the same period last year.
News For HTZ From The Last 14 Days
Check below for free stories on HTZ the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent HTZ news | >>
August 20, 2014
19:13 EDTHTZHertz remains focused on executing its operating initiatives
Subscribe for More Information
17:12 EDTHTZOn The Fly: Closing Wrap
Subscribe for More Information
16:01 EDTHTZOptions Update; August 20, 2014
Subscribe for More Information
15:43 EDTHTZIcahn reports 8.48% stake in Hertz, plans talks with management
Icahn acquired his positions in the shares in the belief that they were undervalued. Icahn intends to have discussions with representatives of the company's management and board of directors relating to shareholder value, accounting issues, operational failures, underperformance relative to its peers and Icahn's lack of confidence in management. Icahn may also seek shareholder board representation if appropriate. Icahn may, from time to time and at any time: (i) acquire additional Shares and/or other equity, debt, notes, instruments or other securities of the company in the open market or otherwise; (ii) dispose of any or all of their securities in the open market or otherwise; or (iii) engage in any hedging or similar transactions with respect to the securities.
15:40 EDTHTZIcahn reports 8.48% stake in Hertz
Subscribe for More Information
15:25 EDTHTZHertz holder Fir Tree urges board to change CEO, Bloomberg says
Subscribe for More Information
14:56 EDTHTZHertz holder Fir Tree petitions board to change CEO, Bloomberg says
Subscribe for More Information
12:37 EDTHTZOn The Fly: Midday Wrap
Subscribe for More Information
12:02 EDTHTZHertz drops after withdrawing full year guidance, analyst downgrades
Subscribe for More Information
10:20 EDTHTZHertz falls sharply, levels to watch
Subscribe for More Information
10:04 EDTHTZOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BHP Billiton (BHP) downgraded to Underperform from Neutral at Credit Suisse... GT Advanced (GTAT) downgraded to Underperform from Outperform at CLSA... Hertz (HTZ) downgraded to Hold from Buy at Deutsche Bank... IDEXX (IDXX) downgraded to Sell from Neutral at Northcoast... Prestige Brands (PBH) downgraded to Neutral from Buy at Sidoti... Real Goods Solar (RGSE) downgraded to Neutral from Buy at Roth Capital... Regal-Beloit (RBC) downgraded to Neutral from Buy at Longbow... SunCoke Energy (SXC) downgraded to Neutral from Outperform at Credit Suisse... Tidewater (TDW) downgraded to Market Perform from Outperform at Clarkson Capital.
09:07 EDTHTZOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PetSmart (PETM), up 2,1%... Staples (SPLS), up 2%... E-House (EJ), up 2.5%. HIGHER: Fairchild (FCS), up 4% after Bloomberg says Infineon (IFNNY) is near a deal to buy a U.S. semiconductor company for $2B... Amicus Therapeutics (FOLD), up 18.4% after reporting positive Phase 3 data from the Fabry study. DOWN AFTER EARNINGS: Lowe's (LOW), down 3%... Tarena (TEDU), down 9%... Leju (LEJU), down 4.2%... JA Solar (JASO), down 5%. LOWER: Hertz (HTZ), down 12.7% after downgraded at JPMorgan and Deutsche Bank following the company's decision to withdraw its FY14 guidance... NovaBay (NBY), down 35.2% after primary, secondary endpoints were not met in its NVC-422 study... RGS Energy (RGSE), down 14.9% after downgraded at Roth Capital following Q2 earnings results.
08:01 EDTHTZHertz renews agreement with Paragon Car Rental in Thailand
Subscribe for More Information
06:09 EDTHTZHertz volatility expected to move on withdraw of FY14 financial guidance
Hertz Global volatility may move on withdraw FY14 financial guidance. Overall option implied volatility of 37 is its 26-week average according to Track Data, suggesting non-directional price movement.
05:53 EDTHTZHertz downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Hertz to Hold after the company withdrew is forecast for the year. Shares were also downgraded this morning at JPMorgan.
05:52 EDTHTZHertz downgraded to Neutral from Overweight at JPMorgan
Subscribe for More Information
August 19, 2014
18:37 EDTHTZOn The Fly: After Hours Movers
NOTABLE REPORTERS: Digital Ally (DGLY), rose another 6.6% in after-hours trading after surging 94% intraday. DOWN AFTER EARNINGS: Real Goods Solar (RGSE), down 15.8% after reporting second quarter results, filing to sell 5.02M shares of Class A common stock, and announcing that it has promoted Dennis Lacey to CEO... La-Z-Boy (LZB), down 3.79% after reporting first quarter EPS below analyst estimates... Tarena International (TEDU), down 8.4% after reporting second quarter results and guidance for third quarter and fiscal 2014. ALSO LOWER: Hertz (HTZ), down 12% after withdrawing fiscal 2014 guidance.
17:57 EDTHTZHertz expects to be 'well below' the low end of FY14 guidance
Subscribe for More Information
17:53 EDTHTZHertz down 12% in after hours trading after withdrawing FY14 guidance
Subscribe for More Information
17:51 EDTHTZHertz decides to withdraw FY14 financial guidance
1 | 2 | all recent HTZ news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use