Revenue Update on Horizon Global Corp(NYSE:HZN)

Horizon Global Corp(NYSE:HZN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $167.76M. Analysts estimated a revenue of $166.54M. Earnings per share were $0.64. Analysts had estimated an EPS of $0.39.

Several Insider Transactions has been reported to the SEC. On Nov 18, 2015, Richard D Siebert (director) purchased 2,000 shares at $8.30 per share price.Also, On Nov 16, 2015, Samuel Iii Valenti (director) purchased 10,000 shares at $8.96 per share price.On Oct 8, 2015, David G. Rice (CFO) purchased 6,800 shares at $11.03 per share price, according to the Form-4 filing with the securities and exchange commission.

Horizon Global Corporation is a designer manufacturer and distributor of a range of custom-engineered towing trailer and cargo management products and other accessories. The Company operates through two segments: Cequent Americas which focuses on the North and South American markets and Cequent APEA which focuses on its sales and manufacturing in the Asia Pacific Europe and Africa regions of the world. Its Cequent Americas segment is a manufacturer and provider of aftermarket and original equipment manufacturer (OEM) towing and trailer products and accessories and towing trailer vehicle protection and cargo management solutions. Its products are designed to support OEMs original equipment suppliers’ retail and aftermarket customers within the agricultural automotive construction horse or livestock industrial marine military recreational trailer and utility markets. Its products are used in commercial applications and recreational activities.

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