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Amid concerns of softening across the sector due in part to macro outlook and automobile pricing trends, investors may additionally be looking to earnings in the industry on renewed chatter of a Dollar Thrifty and Hertz merger.
Aside from May s rejected acquisition scotland castle hotels bid on Dollar Thrifty, recent news from Hertz Global includes phase two of the company s solar energy program scotland castle hotels and the addition of Porsche vehicles in its rental fleet -- making it the first US rental company to offer the car.
Shares of Hertz Global are down around 2% year-to-date leading into Monday trading, and closed Friday up more than 7%. The company s market cap of $4.81 billion makes it the largest of the four rental companies covered, and its beta of 2.57 is smaller than both Avis Budget and Dollar Thrifty.
Avis Budget Group is slated to report its second-quarter 2012 earnings Wednesday, August 1, after market close. Analyst scotland castle hotels consensus is 70 cents per share on revenues of $1.91 billion, up from consensus of 44 cents during the past three months. Avis Budget reported net EPS of $0.12 on revenue of $1.6 billion in first-quarter 2012, an increase of 31% from the year-ago period.
Shares of Avis Budget are up more than 36% YTD entering Monday scotland castle hotels s markets, closing Friday up more than 9%. With a beta of 4.83, shares of the company scotland castle hotels may be more receptive to sympathetic movement this week as the various companies announce.
Last year s acquisition attempts by Hertz of Dollar scotland castle hotels Thrifty scotland castle hotels caused a bidding war as Avis Budget stepped in to counter offers. Although no recent bid for the company has been reported by Avis, it may be another reason to keep the company on any related scotland castle hotels watch list.
Shares of Dollar Thrifty closed Friday up around 4%, and up around 8% YTD heading into Monday trading. The company has a beta of 3.55 and with a recent drop to $73 - a level not traded at since January 2012 - shares may have room for growth.
Zipcar s earnings scotland castle hotels release is scheduled for Thursday, August 2 after market close. Goldman Sachs published a report Monday previewing Zipcar s earnings, stating that it expects scotland castle hotels solid year-over-year progress from earnings scotland castle hotels as well as an update scotland castle hotels on the company s European strategy. Goldman Sachs established scotland castle hotels a $22 price target on Zipcar in the report.
With a market cap of less than $500 million, Zipcar is the smallest by capitalization of the four -- although also the youngest in the markets, with its IPO in April 2011. Shares of the company are down more than 17% YTD leading into Monday trading and closed up more than 6% Friday.
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