Localiza Rent a Car (LZRFY) Projected to Announce Quarterly Earnings on Thursday

Localiza Rent a Car (OTCMKTS:LZRFYGet Free Report) is anticipated to announce its results before the market opens on Thursday, August 20th. Analysts expect Localiza Rent a Car to post earnings of $0.18 per share and revenue of $2.3665 billion for the quarter.

Localiza Rent a Car (OTCMKTS:LZRFYGet Free Report) last released its earnings results on Thursday, May 21st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Localiza Rent a Car had a net margin of 5.24% and a return on equity of 9.08%. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.37 billion. On average, analysts expect Localiza Rent a Car to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Localiza Rent a Car Price Performance

Shares of OTCMKTS:LZRFY opened at $6.24 on Wednesday. The company’s 50-day moving average price is $7.49 and its two-hundred day moving average price is $8.70. Localiza Rent a Car has a one year low of $5.98 and a one year high of $11.76. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.23 and a quick ratio of 1.23.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Localiza Rent a Car from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Read Our Latest Research Report on Localiza Rent a Car

About Localiza Rent a Car

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Localiza Rent a Car (OTCMKTS:LZRFY) is a leading mobility solutions provider headquartered in Belo Horizonte, Brazil. Founded in 1973, the company has built a strong reputation in the car rental industry, offering a broad range of services to both leisure and corporate customers. Over the decades, Localiza has expanded its footprint to become one of Latin America’s largest car rental and fleet management operators.

The company’s core activities include short- and long-term vehicle rentals, fleet management services and the sale of used vehicles.

Further Reading

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