HZN - Horizon Global Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
3.8900
-0.0500 (-1.27%)
As of 3:54PM EDT. Market open.
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Previous Close3.9400
Open3.9700
Bid3.8900 x 800
Ask3.9200 x 1000
Day's Range3.8801 - 3.9900
52 Week Range1.3400 - 8.5000
Volume51,947
Avg. Volume144,753
Market Cap98.274M
Beta (3Y Monthly)1.21
PE Ratio (TTM)N/A
EPS (TTM)-6.8380
Earnings DateOct 30, 2017 - Nov 3, 2017
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est2.75
Trade prices are not sourced from all markets
  • Moody's5 days ago

    Horizon Global Corporation -- Moody's downgrades Horizon's CFR to C from Caa3, outlook is stable

    Moody's Investors Service ("Moody's") downgraded Horizon Global Corporation's ("Horizon") Corporate Family Rating (CFR) to C from Caa3, its Probability of Default Rating to C-PD from Caa3-PD and the senior secured first lien term loan rating to Caa3 from Caa2. Moody's also affirmed the company's SGL-4 Speculative Grade Liquidity. The downgrade reflects Moody's expectations that modest earnings improvement will not be sufficient to reduce leverage to a sustainable level and that the sale of the Asia-Pacific segment will, while reducing secured leverage, increase total leverage and create greater reliance on a quick turnaround in the more weakly performing U.S. and European operations to diminish restructuring risk.

  • Business Wire12 days ago

    Horizon Global Initiates Process to Explore Sale of Its Asia-Pacific Segment

    Horizon Global Corporation (HZN), the world’s leading manufacturer of branded towing and trailering equipment, announced today that the Company has initiated a formal process to explore the sale of its Asia-Pacific (“APAC”) business segment, with Jefferies engaged to run the process. The expected proceeds from the sale of APAC would result in a significant reduction of the Company’s debt, while allowing the management team to focus on the core Americas segment and the business improvement initiatives underway in the Europe-Africa segment. Carl Bizon, President and Chief Executive Officer of Horizon Global, commented, “Our APAC segment is an exceptional business with a great team of employees that operates as a nearly stand-alone business.

  • Business Wire13 days ago

    Horizon Global Names Jamie G. Pierson as Chief Financial Officer

    Horizon Global Corporation (HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced it has named Jamie G. Pierson as Chief Financial Officer, effective Monday, June 10, 2019. Pierson will have responsibility for the Company’s global finance function, including financial reporting, tax, treasury, and financial planning and analysis. Carl Bizon, President and Chief Executive Officer of Horizon Global, commented, “We are pleased to welcome Jamie as Horizon Global’s new Chief Financial Officer.

  • Thomson Reuters StreetEventslast month

    Edited Transcript of HZN earnings conference call or presentation 9-May-19 12:30pm GMT

    Q1 2019 Horizon Global Corp Earnings Call

  • PR Newswirelast month

    McDonald Hopkins IP litigators obtain significant win by invalidating four patents, receive judgments of no infringement and no misappropriation

    CLEVELAND, May 10, 2019 /PRNewswire/ -- Two members of McDonald Hopkins intellectual property litigation team, Dave Cupar and Matt Cavanagh, won a significant judgment in a patent and trade secret case in favor of their client, Horizon Global Americas Inc., ending an eight-year legal battle between Horizon and a former business partner, Let's Go Aero, Inc. ("LGA") over intellectual property rights to hitch-mounted bike racks and automobile accessories. Horizon Global Americas Inc. is a subsidiary of Horizon Global Corporation (HZN), one of the world's leading manufacturers of branded towing and trailering equipment. Horizon terminated a license agreement with LGA.

  • Horizon Global (HZN) Reports Q1 Loss, Tops Revenue Estimates
    Zackslast month

    Horizon Global (HZN) Reports Q1 Loss, Tops Revenue Estimates

    Horizon Global (HZN) delivered earnings and revenue surprises of -31.37% and 4.96%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Presslast month

    Horizon Global: 1Q Earnings Snapshot

    On a per-share basis, the Troy, Michigan-based company said it had a loss of $1. Losses, adjusted for one-time gains and costs, came to 67 cents per share. The towing and trailering equipment maker posted ...

  • Analysts Estimate Horizon Global (HZN) to Report a Decline in Earnings: What to Look Out for
    Zacks2 months ago

    Analysts Estimate Horizon Global (HZN) to Report a Decline in Earnings: What to Look Out for

    Horizon Global (HZN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Business Wire2 months ago

    Horizon Global Announces Date for First Quarter 2019 Results Conference Call

    Horizon Global (HZN) announced today that it will host a conference call regarding the Company’s first quarter 2019 results on Thursday, May 9, 2019, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global President and Chief Executive Officer Carl Bizon. The first quarter 2019 results and supplemental materials, including a presentation in PDF format, will be distributed before the market opens on May 9, 2019, and will be available on the Company’s website at www.horizonglobal.com prior to the start of the call.

  • Business Wire2 months ago

    Horizon Global Announces Governance Initiatives to Align with Shareholders

    Horizon Global Corporation (HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced that its Board of Directors has unanimously approved an amendment to its amended and restated certificate of incorporation to immediately declassify its board structure. This amendment is subject to shareholder approval at the Company’s 2019 Annual Meeting and, if approved, all directors will stand for election in 2019 and every year going forward. The Company’s Board also unanimously approved revisions to its independent director compensation program to eliminate annual cash retainers.

  • Business Wire2 months ago

    Horizon Global Announces Expansion of Its Board of Directors

    Horizon Global Corporation (HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced its Board of Directors has unanimously approved significant changes to its Board composition and leadership to fulfill certain obligations related to the Company’s recently completed $51 million second lien term loan. Today, the Horizon Global Board announced the appointment of six new independent directors, including Frederick “Fritz” Henderson, John Kennedy, Ryan Langdon, Brett Milgrim, Mark Weber, and Harry Wilson, effective immediately.

  • Moody's3 months ago

    Horizon Global Corporation -- Moody's downgrades Horizon's CFR to Caa3 from Caa2, outlook remains negative

    Moody's Investors Service ("Moody's") downgraded Horizon Global Corporation's ("Horizon") Corporate Family Rating (CFR) to Caa3 from Caa2, its Probability of Default Rating to Caa3-PD from Caa2-PD and the senior secured first lien term loan rating to Caa2 from Caa1. The downgrade reflects that very high leverage and negative free cash flow create an unsustainable capital structure despite anticipated improvements in earnings in 2019. "Horizon's unsustainable capital structure along with continued weak liquidity are substantial obstacles to overcome as the company executes its turnaround strategy," said Inna Bodeck, Moody's lead analyst for the company.

  • Business Wire3 months ago

    Horizon Global Announces NYSE Acceptance of Continued Listing Compliance Plan

    Horizon Global Corporation (HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced that the New York Stock Exchange (NYSE) notified the Company that it has accepted Horizon’s business plan to regain compliance with the NYSE continued listing standards. Horizon Global President and CEO Carl Bizon commented, “We are pleased that NYSE has accepted our plan to regain compliance with the NYSE’s continued listing standards.

  • Thomson Reuters StreetEvents3 months ago

    Edited Transcript of HZN earnings conference call or presentation 18-Mar-19 12:30pm GMT

    Q4 2018 Horizon Global Corp Earnings Call

  • Associated Press3 months ago

    Horizon Global: 4Q Earnings Snapshot

    The Troy, Michigan-based company said it had a loss of $1.86 per share. Losses, adjusted for one-time gains and costs, were $1.40 per share. The towing and trailering equipment maker posted revenue of ...

  • Business Wire3 months ago

    Horizon Global Announces Successful Raise of Additional Liquidity and Amendment of Its Existing Term Loan Credit Agreement

    Horizon Global intends to use a substantial portion of the proceeds from the incremental borrowings to better position the Company to meet its customers’ needs for its 2019 summer selling season and provide additional operating flexibility. Carl Bizon, Horizon Global President and CEO, commented, “Horizon Global has made significant progress driving operational improvements throughout the business to set a foundation for improved performance in 2019.

  • Business Wire4 months ago

    Horizon Global Announces Date for Fourth Quarter and Full-Year 2018 Earnings Release

    Horizon Global (HZN) announced today that it will host a conference call regarding the Company’s fourth quarter and full year 2018 earnings on Monday, March 18, 2019, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global President and Chief Executive Officer Carl Bizon. The fourth quarter 2018 results and supplemental materials, including a presentation in PDF format, will be distributed before the market opens on March 18, 2019, and will be available on the Company’s website at www.horizonglobal.com.

  • Business Wire5 months ago

    Horizon Global Names Barry Steele Chief Financial Officer

    Horizon Global Corporation (HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced that Barry Steele has been named the Company’s Chief Financial Officer, effective February 18, 2019. Steele will have responsibility for the Company’s global finance function including financial reporting, tax, treasury, and financial planning and analysis. Steele will be joining Horizon Global from his role as Chief Financial Officer at Gentherm Incorporated, a global developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications for the automotive and medical markets.

  • GlobeNewswire5 months ago

    Research Report Identifies FedEx, Amicus Therapeutics, National HealthCare, Allegion, Horizon Global, and PICO with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement

    NEW YORK, Jan. 10, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

  • Business Wire5 months ago

    Horizon Global Addresses NYSE Continued Listing Standards

    Horizon Global Corporation (HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced that on January 3, 2019, it received a letter from the New York Stock Exchange (NYSE) informing the Company of its non-compliance with NYSE continued listing standards because the Company’s average market capitalization over a recent consecutive 30 trading-day period has been less than $50,000,000 and, at the same time, stockholders' equity was less than $50,000,000. The Company has 45 business days to notify the NYSE of its intent to cure this deficiency and Horizon Global intends to do so on a timely basis.

  • New Strong Sell Stocks for December 13th
    Zacks6 months ago

    New Strong Sell Stocks for December 13th

    Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: