Hertz Goes On Strong
Hertz is a car rental of repute and it has been a positive sign even during the sluggish economic times in the US. The auto industry in particular has been a positive sector while other sectors have struggled in the US economy over the last five years. The reason for the ongoing profits of Hertz is mainly due to the corporate and leisure travel staying high and Hertz occupies a major share of the market. Hertz is rated as one of the largest auto renters in the world. It has ranked number one with impressive statistics in financials. About The Company Hertz
The company Hertz is known as The Hertz Corporation. It is a subsidiary of the Hertz Global Holdings company. It is the largest airport based or general hire service for cars and transport. The company has merged with the brand Dollar-Thrifty. It has operations across the world in over one hundred and fifty countries and it operates in more than ten thousand locations across the world. Little Known Fact About Hertz
The company Hertz is also known to run an equipment rental business that many are not aware of. The company Hertz Equipment Rental Corporation is run by the same foundation. The Hertz rental services have their branches in the US, Canada, Spain, France, China and in Saudi Arabia. Donlen Corporation which is a leader in fleet management and leasing services is also owned by Hertz. Thus, the overall generation of revenue of the company is staggering. The total revenue generated was nine billion in 2012 where 7.6 billion came from the rental and fleet management divisions while the rest came from the equipments rental service. Earnings And Revenue Growth Of Hertz
The company Hertz has been in the news recently due to the strong earnings reported by it. Hertz Global Holdings are the mother company which has a revenue generation of over two billion for the last year. The top line estimates are optimistic. Sales are predicted to grow by the quarter. Those who track the shares of the company are in a state of profit and they can expect the trend to continue. The profit of 2012 has been over and above the levels achieved in 2007. It can be said that the acquisition has worked in its favor and has upgraded the value and the lesser position of the company. Future Growth Strategy Of Hertz
The rentals off the airport are predicted to pick up in the eleven billion market which shows the potential for growth from five to ten percent annually. The company commands less than twelve percent of the market share in the â€œoff airportâ€ rentals. Thus, there is a lot of space for growth for this company. Thus, the growth strategies are on and if investors are looking to pick up a company on an expansion mode, Hertz would be a good choice. Often, when it rains even, some people come out winners even in tough situations. Such companies usually ride on strong management policies.