15.18 +0.11 (0.73%)
After hours: 5:51PM EDT
|Bid||15.12 x 800|
|Ask||15.30 x 2900|
|Day's Range||14.85 - 15.36|
|52 Week Range||11.30 - 19.44|
|Beta (3Y Monthly)||2.16|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||18.51|
ESTERO, Fla., July 18, 2019 /PRNewswire/ -- Hertz Global Holdings, Inc. (HTZ) (the "Company") today announced that its wholly-owned subsidiary, The Hertz Corporation ("Hertz"), has entered into an agreement to sell $500 million aggregate principal amount of 7.125% Senior Notes due 2026 (the "Notes") in a private offering (the "Offering") exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Notes are expected to be guaranteed on a senior unsecured basis by the domestic subsidiaries of Hertz that guarantee its senior credit facilities from time to time. Hertz intends to use the proceeds from the issuance of the Notes, together with net proceeds from the Company's previously announced rights offering, to consummate the redemption of its outstanding 5.875% Senior Notes due 2020 (the "2020 Notes") and its outstanding 7.375% Senior Notes due 2021 (the "2021 Notes"), pay accrued and unpaid interest in connection with redemption of the 2020 Notes and 2021 Notes, pay fees and expenses in connection with the foregoing and use any remaining proceeds for general corporate purposes.
ESTERO, Fla., July 18, 2019 /PRNewswire/ -- Hertz Global Holdings, Inc. (HTZ) (the "Company") today announced that its wholly-owned subsidiary, The Hertz Corporation ("Hertz"), intends to offer $500 million aggregate principal amount of senior unsecured notes (the "Notes"), subject to market and other conditions, in a private offering (the "Offering") exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Notes are expected to be guaranteed on a senior unsecured basis by the domestic subsidiaries of Hertz that guarantee its senior credit facilities from time to time. Hertz intends to use the proceeds from the issuance of the Notes, together with net proceeds from the Company's previously announced rights offering, to consummate the redemption of the 2020 Notes and 2021 Notes as described below, pay accrued and unpaid interest in connection with redemption of the 2020 Notes and the 2021 Notes, pay fees and expenses in connection with the foregoing and use any remaining proceeds for general corporate purposes.
ESTERO, Fla., July 18, 2019 /PRNewswire/ -- Hertz Global Holdings, Inc. (HTZ) ("Hertz Global" or the "Company") today announced the closing of its highly successful, over-subscribed rights offering. At the closing, the Company is issuing an aggregate of 57,915,055 new shares of common stock at the subscription price of $12.95 per share for total gross proceeds of approximately $750 million to the Company. Pursuant to the terms of the rights offering, 55,816,783 shares of common stock are being purchased pursuant to the exercise of basic subscription rights and 2,098,272 shares of common stock are being purchased under the over‑subscription right.
ESTERO, Fla., July 16, 2019 /PRNewswire/ -- Millennials have named Hertz (HTZ) as their favorite global car rental company in the 2019 Trazees Awards. "Travelers of all ages have many transportation options today and we're honored that Millennials have chosen Hertz as their favorite car rental provider," said Jayesh Patel, Hertz Senior Vice President of Brand. "We also know that Millennials value having memorable experiences when they travel and that's why we're here to help them get there and enjoy those moments that matter like exploring a coastal town in a sporty convertible, getting to a job interview in a new city or reuniting with friends for a wedding," Patel added.
Proceeds to be Used for Strategic Deleveraging ESTERO, Fla. , July 15, 2019 /PRNewswire/ -- Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz Global" or the "Company") today announced ...
- Hertz, Dollar and Thrifty customers can now use a debit card payment option across selected European locations instead of a credit card if they prefer - Debit card car rentals are available at Hertz, ...
Hertz Global Holdings Inc NYSE:HTZView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and declining * Economic output in this company's sector is expanding Bearish sentimentShort interest | NeutralShort interest is moderately high for HTZ with between 10 and 15% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on July 5. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding HTZ are favorable, with net inflows of $4.93 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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ESTERO, Fla. , July 1, 2019 /PRNewswire/ -- Hertz Global Holdings, Inc. ( NYSE: HTZ ) announced today that it plans to report its second quarter 2019 financial results after market close on Tuesday, August ...
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Two of Atlanta's most prominent CEO's will take part in a new high-profile board addressing diversity at publicly traded companies.
The transportation sector is often one of the most closely watched in the financial market because it is a natural barometer of broad economic trends. Higher prices across the transportation sector are significant because they can highlight the fundamental demand for industrial goods as well as disposable income levels across the retail segment. Active traders interested in gaining exposure to sub-industries of the transportation sector – such as air freight and logistics, airlines and airport services, highways and rail tracks, marine, railroads, and trucking – may want to take a closer look at the SPDR S&P Transportation ETF (XTN).
Hertz Global news for Friday includes the company seeing its stock continue to fall on a recent rights offering.Source: Steve Damron via FlickrHertz Global (NYSE:HTZ) stock has been taking a beating these past few days after announcing a rights offering to raise money. This will have the company looking to raise up to $750 million. Holders of HTZ stock will receive one transferable subscription right for each share that they own. These will be sent out on June 24, 2019 at 5:00 p.m. Eastern Time.The Hertz Global news says that the rights offering distribution will start on June 26, 2019. The ability to trade these rights in on the New York Stock Exchange started on June 20, 2019 on a "when-issued" basis.InvestorPlace - Stock Market News, Stock Advice & Trading TipsRegular trading of the rights is expected to start on June 27, 2019 and will use the stock ticker "HTZ RT". The company says that this will continue until the offer closes on July 11, 2019.The Hertz Global news notes that each of the transferable subscription rights can be traded in for 0.688285 shares of HTZ stock at a subscription price of $12.95 per while share. The rights offering will expire at 5:00 p.m. Eastern Time on July 12, 2019. * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 All of this Hertz Global news rattled investors and the stock was falling hard on Friday. HTZ stock is currently down 12% as of noon Friday. However, it is worth pointing out that HTZ stock is up 32% since the start of the year. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Hertz Global News: HTZ Stock Tumbles Further on Rights Offering Fallout appeared first on InvestorPlace.
"The end to the U.S. Government shutdown, reports of progress on China-U.S. trade talks, and the Federal Reserve’s confirmation that it did not plan further interest rate hikes in 2019 allayed investor fears and drove U.S. markets substantially higher in the first quarter of the year. Global markets followed suit pretty much across the board […]
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Hertz Global...
-- New country collection in Germany features 7 luxury German cars - launching at Frankfurt Airport and expanding to a total of 7 locations, with 7 high-end customer service benefits* -- Premium models ...