Horizon Global Corp News and Headlines -
The stock of Horizon Global (NYSE:HZN, 30-year Financials) appears to be significantly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line, its
The Dow Jones Industrial Average closed at 26,191.22 on Thursday with a gain of 10.92 points or 0.04%. The S&P 500 closed at 2806.83 with a loss of 7.06 points or -0.25%. The Nasdaq Composite closed at 7,530.88 for a loss of 39.87 points or -0.53%. The VIX Volatility Index was higher at 16.65 for a gain of 0.29 points or 1.77%.
Thursday’s market movers
Oil prices closed lower for a ninth day and reported bear market territory decreases, sending energy stocks lower. The S&P 500 energy sector was down 2.31% on Thursday.
The Federal Reserve released a statement reporting
U.S. stock markets were trading in positive territory in Tuesday morning trading with the S&P 500 near a record high,Â fueled by the tech sector.
Shares of Horizon Global Corp. (HZN)Â roseÂ more than 15% after postingÂ second-quarter earnings. The company recorded earningsÂ per share of 36 centsÂ on revenue of $233.34Â million. While it beatÂ earnings estimates by 14Â cents, itÂ fell $5.75 million short ofÂ revenue
Horizon Global Corp. (HZN) is the largest manufacturer of hitches and hauling equipment in the world. Management has an eye for shareholders and has been growing through mergers and acquisitions. Third Avenue Small Cap is a shareholder.
The stock trades for $17.77 and there are 25.385 million shares. The market cap is $451 million.
The company has a goal of getting operating margins to 10%, two times capital structure and 3% to 5% in organic growth. It seems management has an eye toward shareholders. The company estimates earnings per share will be $1.04 to $1.14 this year. I will
In the second quarter, the broader market indices of the Russell 2000 Value, the S&P 500, the Nasdaq composite, etc., all continued to trade at or near all-time highs. While clearly we agree that there are pockets of high expectations in the broader market, The Third Avenue Small Cap Value Fund had an active quarter in new purchases, as our robust,repeatable and definable philosophy and idea origination processes led us to uncover and execute new positions. Given this seeming contradiction of a market reaching new highs and our enthusiasm for several new positions, we thought it would be timely to
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Horizon Global Stock Appears To Be Significantly Overvalued - GuruFocus.com
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Horizon Global (HZN) Reports Q1 Loss, Misses Revenue Estimates - www.zacks.com
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