Localiza Rent a Car (LZRFY) Expected to Announce Earnings on Wednesday

Localiza Rent a Car (OTCMKTS:LZRFY) is expected to post its results after the market closes on Wednesday, May 6th. Analysts expect Localiza Rent a Car to post earnings of $0.1691 per share and revenue of $2.3572 billion for the quarter.

Localiza Rent a Car Stock Performance

Shares of OTCMKTS LZRFY traded down $0.26 during midday trading on Monday, hitting $9.27. 5,737 shares of the company’s stock were exchanged, compared to its average volume of 44,533. The stock’s 50 day moving average price is $9.58 and its 200-day moving average price is $8.86. Localiza Rent a Car has a twelve month low of $5.98 and a twelve month high of $11.76.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Localiza Rent a Car to a “hold” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Localiza Rent a Car Company Profile

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.