Avis Budget Group, Inc. (CAR) to Release Earnings on Tuesday

Avis Budget Group, Inc. (NASDAQ:CAR) will be posting its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Avis Budget Group to post earnings of $2.99 per share for the quarter. Avis Budget Group has set its FY17 guidance at $2.40-2.85 EPS.

Avis Budget Group (NASDAQ:CAR) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.32). The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.27 billion. Avis Budget Group had a net margin of 0.86% and a return on equity of 74.80%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 EPS. On average, analysts expect Avis Budget Group to post $2.64 EPS for the current fiscal year and $3.33 EPS for the next fiscal year.



Shares of Avis Budget Group, Inc. (NASDAQ:CAR) opened at 41.26 on Friday. Avis Budget Group, Inc. has a 52-week low of $20.71 and a 52-week high of $41.73. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 48.60 and a beta of 2.48. The company’s 50-day moving average is $39.10 and its 200 day moving average is $31.32.

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A number of equities analysts have commented on the stock. BidaskClub upgraded shares of Avis Budget Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. J P Morgan Chase & Co began coverage on shares of Avis Budget Group in a report on Friday, August 4th. They issued an “overweight” rating and a $39.00 price target for the company. Zacks Investment Research upgraded shares of Avis Budget Group from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Wednesday, October 18th. B. Riley began coverage on shares of Avis Budget Group in a report on Friday, September 22nd. They issued a “buy” rating and a $36.00 price target for the company. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $49.00 price target (up previously from $44.00) on shares of Avis Budget Group in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Avis Budget Group presently has an average rating of “Buy” and an average target price of $38.20.

In other Avis Budget Group news, Director Stender E. Sweeney sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $35.02, for a total transaction of $52,530.00. Following the sale, the director now directly owns 1,359 shares of the company’s stock, valued at approximately $47,592.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David T. Calabria sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $35.86, for a total transaction of $46,618.00. Following the sale, the senior vice president now directly owns 5,662 shares in the company, valued at $203,039.32. The disclosure for this sale can be found here. Insiders have sold a total of 435,708 shares of company stock worth $17,133,212 over the last ninety days. 2.80% of the stock is owned by corporate insiders.

Avis Budget Group Company Profile

Avis Budget Group Inc is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis and Budget are a rental car supplier. It also owns Payless, which a car rental brand; Apex, which is a car rental brand in New Zealand and Australia; Maggiore, a vehicle rental brand in Italy, and France Cars, which operates light commercial vehicle fleets in France.

Earnings History for Avis Budget Group (NASDAQ:CAR)

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