This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

How Hertz (HTZ) Fared In Its Fourth Quarter

NEW YORK (TheStreet) -- Much of the day's focus on Hertz (HTZ - Get Report) has been in regards to its confirmation that it will spin off its equipment-rental business. But the company best known for its car rental operations also reported its fourth-quarter results before the bell.

So how did Hertz fare in its year-ending quarter?

In the three months to December, the owner of Dollar Thrifty reported net income of $121.1 million was nearly 13% lower than a year earlier. Per-share earnings of 26 cents came in 6 cents lower than analysts' estimates compiled by Thomson Reuters.

The company reported worldwide sales of $2.6 billion, a 10.2% year-over-year increase. U.S. car rental revenues jumped 14.1% to $1.47 billion, while international car rental revenues increased 5.8% to $544.2 million.

Must Read: Google (GOOG) Announces Android Wear Wearable Platform

Analysts had forecast sales slightly higher to $2.62 billion.

"In a difficult fourth quarter, we achieved an adjusted earnings per share of $0.26 despite an estimated $0.12 impact of lower than expected pricing and higher expenses related to carrying extra fleet," said CEO Mark Frissora in a statement.

The Park Ridge, N.J.-based business confirmed rumors on Tuesday morning that its construction and industrial equipment segment would be split into an independent and publicly traded company.

In the split, Hertz will take its car rental businesses, while HERC (Hertz Equipment Rental Corporation) will take the construction and industrial rentals segment. Hertz will receive a one-time $2.5 billion payout in the split, which it will use to repay debt and support $1 billion in share buybacks. Last year, Hertz's equipment rental arm generated 14% of total revenue.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates HERTZ GLOBAL HOLDINGS INC as a Buy with a ratings score of B-. The team has this to say about their recommendation:

"We rate HERTZ GLOBAL HOLDINGS INC (HTZ) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
HTZ $8.66 0.00%
AAPL $95.18 0.00%
FB $117.43 0.00%
GOOG $692.36 0.00%
TSLA $232.32 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs