Hertz Car Rental Suffers Massive Layoffs, Stock Drop From COVID-19 Pandemic [Forbes]
Hertz Global Holdings, Inc (HTZ)
Last hertz global holdings, inc earnings: 2/24 04:05 pm
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Source: Forbes
The customer service desk at Hertz Rental Car in Norfolk International Airport. (Photo by: Jeffrey... [+]Greenberg/Universal Images Group via Getty Images)To cut costs, Hertz announced April 20 that it wouldlay off 10,000Last week,Bloomberg reported966% debt-to-equity ratio)With the effect of the pandemic becoming clear, Morgan Stanley analyst Adam Jonas cut hisprice targetfor Hertz Global from $5.00 to $2.00. On Friday, Hertz stock (HTZ) dropped over 6% on an up day for the stock market, closing at 3.71, close to its 52-week low of 3.18.Today In:Both Hertz and Avislost more than halfCertainly, the pandemic has delivered a massive blow to the travel industry. The sufferings of the US airline industry, whose flights are down as much as 90%, are well-know. Not so widely publicized have been the troubles of the car rental giants. As early as the beginning of March,car rental bookingsOf course, coronavirus is only the latest plague to ravage the car rental industry. The major culprit has
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HTZ
News
- Hertz Announces Receipt of Requisite Consents from Holders to Amend its 12.625% First Lien Senior Secured Notes Due 2029 and 8.000% Exchangeable Senior Second-Lien PIK Notes due 2029 and Expiration of Consent SolicitationsPR Newswire
- Hertz Announces Pricing of $500 Million of Additional First Lien Senior Secured Notes OfferingPR Newswire
- Hertz Announces Consent Solicitations to Amend its 12.625% First Lien Senior Secured Notes Due 2029 and 8.000% Exchangeable Senior Second-Lien PIK Notes due 2029 [Yahoo! Finance]Yahoo! Finance
- Hertz Announces Offering of $500 Million of Additional First Lien Senior Secured Notes [Yahoo! Finance]Yahoo! Finance
- Hertz Announces Consent Solicitations to Amend its 12.625% First Lien Senior Secured Notes Due 2029 and 8.000% Exchangeable Senior Second-Lien PIK Notes due 2029PR Newswire
HTZ
Earnings
- 11/12/24 - Miss
HTZ
Analyst Actions
- 10/21/24 - JP Morgan
HTZ
Sec Filings
- 12/3/24 - Form 144
- 12/3/24 - Form 4
- 11/26/24 - Form 4
- HTZ's page on the SEC website