News articles about Lithia Motors (NYSE:LAD) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lithia Motors earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.3727337428983 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
Several equities research analysts have recently issued reports on LAD shares. Zacks Investment Research upgraded shares of Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective on the stock in a research note on Wednesday, August 23rd. KeyCorp restated a “buy” rating and issued a $130.00 price objective (up previously from $119.00) on shares of Lithia Motors in a research note on Wednesday, October 4th. Finally, Berenberg Bank started coverage on Lithia Motors in a research report on Wednesday, October 4th. They issued a “hold” rating and a $126.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $116.29.
Lithia Motors (NYSE LAD) opened at $117.54 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 1.21. Lithia Motors has a twelve month low of $80.88 and a twelve month high of $123.50. The stock has a market capitalization of $2,927.32, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.
Lithia Motors (NYSE:LAD) last released its quarterly earnings results on Wednesday, October 25th. The company reported $2.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.37 by ($0.19). Lithia Motors had a net margin of 2.14% and a return on equity of 21.02%. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the firm earned $2.06 earnings per share. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. equities research analysts anticipate that Lithia Motors will post 8.33 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, November 9th. This represents a $1.08 annualized dividend and a dividend yield of 0.92%. Lithia Motors’s payout ratio is currently 13.12%.
In related news, Director Kenneth E. Roberts sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $115.98, for a total value of $1,739,700.00. Following the completion of the transaction, the director now directly owns 130,598 shares in the company, valued at approximately $15,146,756.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sidney B. Deboer sold 65,711 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $121.77, for a total value of $8,001,628.47. Following the completion of the transaction, the director now owns 1,421 shares of the company’s stock, valued at $173,035.17. The disclosure for this sale can be found here. Insiders have sold a total of 115,895 shares of company stock valued at $13,851,532 over the last 90 days. Corporate insiders own 7.85% of the company’s stock.
WARNING: “Somewhat Positive Press Coverage Somewhat Unlikely to Affect Lithia Motors (LAD) Stock Price” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.dispatchtribunal.com/2017/12/02/lithia-motors-lad-receiving-somewhat-favorable-news-coverage-report-shows.html.
Lithia Motors Company Profile
Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com.
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