Hertz (HTZ)

[winston]

not vested

Will Hertz (HTZ) Lose More Ground Post The Q1 Debacle?

The company posted a quarterly adjusted loss of $1.61 per share, which was wider than the Zacks Consensus Estimate of a loss of $1.00 and also the year-ago loss of 79 cents.

Results were hurt by weak sales, increased fleet investments and higher spending on tech and brand development.

Total revenue slipped 3% year over year to $1,916 million, mainly due to soft revenues at the domestic and international segments.

The company posted adjusted EBITDA loss of of $110 million, against profit of $27 million in the year-ago period.

Hertz, which shares space with Avis Budget Group, Inc. (NASDAQ:CAR) , ended the quarter with cash and cash equivalents of $785 million, total debt of $14,088 million and shareholders’ equity of $918 million.

Source: Zacks Investment Research

https://www.investing.com/analysis/will-hertz-(htz)-lose-more-ground-post-the-q1-debacle-200187995

[behappyalways]

Hertz’s stock gives back more than half of the postbankruptcy surge after NYSE delisting notice
https://www.marketwatch.com/story/hertz ... quote_news

[behappyalways]

($1 billion sale....$18.8b debt )

Hertz, which had roughly $18.8 billion in debt at the end of March, is one of the largest companies so far to be undone by the coronavirus pandemic, which has crushed the travel industry.


Bankrupt Hertz to seize on speculation frenzy with $1 billion stock sale
https://www.reuters.com/article/us-hert ... SKBN23J1QS

[behappyalways]

Hertz Suspends Sale of ‘Worthless’ Stock Amid SEC Scrutiny
https://finance.yahoo.com/news/hertz-su ... 35694.html

[behappyalways]

Hertz inks temporary deal with creditors linked to fleet-reduction plan
https://www.marketwatch.com/story/hertz ... ck_seemore

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Hertz To Pay $168 Million After Falsely Accusing Customers Of Theft Which Led To Jailings
https://www.zerohedge.com/political/her ... d-jailings

[behappyalways]

Why Hertz’s Bet On Tesla Isn’t Paying Off In The U.S.
https://m.youtube.com/watch?v=UfbkvUXTV_I

[behappyalways]

Fast forward to late October, when Hertz Chief Executive Stephen Scherr told investors on a third-quarter earnings call that the company would start reducing its EV fleet because of high repair costs compared to the rest of the fleet, which has hurt its bottom line

Hertz Begins Dumping 20,000 EVs In Shift Back To Petrol Cars
https://www.zerohedge.com/markets/hertz ... etrol-cars

[behappyalways]

Hertz Increases The Number Of Electric Cars It Wants To Get Rid Off To 30,000 From 20,000
https://www.zerohedge.com/markets/hertz ... e_vignette