On Thursday, Shares of Hertz Global Holdings, Inc. (NYSE:HTZ), gained 0.20% to $19.56.
Hertz Global Holdings, released 2015 first quarter operating results and updated the status of its fleet renewal and capacity plans, $200 million annual cost reduction program, senior administration hiring initiatives and financial restatement process.
During the first quarter, the Company made progress in the following areas:
- The U.S. fleet has been significantly renewed since late September with a 47% improvement in the number of vehicles at or below 30,000 miles.
- An aggressive disposition program in addition to new fleet acquisitions have culminated in improved product quality.
- Customer confidence is returning as a result of the younger fleet and investments in service delivery. Hertz’s U.S. car rental Net Promoter Score, a measure of customer satisfaction, eclipsed last year’s level and continues to improve.
- Hertz has further strengthened its leadership team by adding expertise in the areas of revenue administration, sales, customer service, information technology, and fleet and procurement, which will enable the Company to deliver on its performance improvement plan.
- Data administration and forecasting systems have been improved for more reliable visibility to fleet, pricing and demand trends.
- The cost structure is improving as the Company has made noteworthy progress toward its aim of delivering $200 million in annualized cost savings by year end 2015.
Hertz Global Holdings, Inc., through its auxiliaries, is engaged in the car and equipment rental businesses worldwide. It operates through four segments: U.S. Car Rental, International Car Rental, Worldwide Equipment Rental, and All Other Operations.
Shares of Assured Guaranty Ltd. (NYSE:AGO), inclined 1.74% to $28.13, during its last trading session.
Assured Guaranty, declared its financial results for the three-month period ended March 31, 2015.
“Our first quarter offered an excellent start for 2015,” said Dominic Frederico, President and CEO. “Adjusted book value per share, our key measure of the Company’s intrinsic value, reached an all-time high. In U.S. public finance, where we saw the highest municipal bond insurance penetration in years, Assured Guaranty led the industry in terms of par and the number of transactions insured, and we outpaced our competitors by an even wider margin in PVP. We also saw the benefit of our diversified business strategy, with solid PVP production in structured finance.
“Additionally, as of May 4, 2015, we accomplished substantially all of the $400 million of share repurchases authorized in August 2014,” he continued. “This week our board authorized an additional $400 million of share repurchases, and on April 1, 2015, we accomplished our planned acquisition of Radian Asset.”
Assured Guaranty Ltd., through its auxiliaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in planned payments.
At the end of Thursday’s trade, Shares of Invesco Ltd. (NYSE:IVZ), gained 1.71% to $40.99.
Invesco, is planned to present at the 2015 Wells Fargo Securities Specialty Finance Conference to be held in New York, NY on May 19, 2015, at about 11:30 am ET. Rob Kuster, Chief Operating Officer and Jason Marshall, Managing Director, are planned to speak.
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.
Finally, DDR Corp. (NYSE:DDR), ended its last trade with 2.28% gain, and closed at $17.51.
DDR, declared its second quarter 2015 common stock dividend of $0.1725 per share, which represents an enhance of 11% from the second quarter of 2014. The common stock dividend is payable on July 7, 2015 to shareholders of record at the close of business on June 11, 2015.
“We are happy to declare another quarterly dividend that represents double-digit annual growth and still provides considerable free cash flow to reinvest in the business,” said Luke J. Pether bridge, chief financial officer of DDR.
DDR Corp. is an equity real estate investment trust. It invests in the real estate markets of the United States and Puerto Rico. The firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. It formerly known as Developers Diversified Realty Corp. DDR Corp is based in Beachwood, Ohio.
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