$2.14 EPS Expected for Lithia Motors Inc (LAD) This Quarter

Wall Street analysts predict that Lithia Motors Inc (NYSE:LAD) will post $2.14 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Lithia Motors’ earnings, with estimates ranging from $2.08 to $2.24. Lithia Motors posted earnings per share of $1.86 during the same quarter last year, which indicates a positive year over year growth rate of 15.1%. The business is expected to report its next earnings results on Wednesday, February 21st.

On average, analysts expect that Lithia Motors will report full year earnings of $8.39 per share for the current financial year, with EPS estimates ranging from $8.32 to $8.60. For the next financial year, analysts expect that the company will report earnings of $9.23 per share, with EPS estimates ranging from $8.85 to $9.54. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Lithia Motors.

Lithia Motors (NYSE:LAD) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $2.18 earnings per share 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 firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the firm posted $2.06 earnings per share. Lithia Motors’s revenue was up 18.7% compared to the same quarter last year.

A number of brokerages have recently weighed in on LAD. KeyCorp reiterated a “buy” rating and issued a $130.00 price target (up from $119.00) on shares of Lithia Motors in a report on Wednesday, October 4th. Zacks Investment Research lowered Lithia Motors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Berenberg Bank initiated coverage on Lithia Motors in a research report on Wednesday, October 4th. They set a “hold” rating and a $126.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $116.29.

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 transaction of $1,739,700.00. Following the completion of the transaction, the director now owns 130,598 shares in the company, valued at approximately $15,146,756.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth E. Roberts sold 534 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $122.62, for a total value of $65,479.08. Following the transaction, the director now owns 115,064 shares of the company’s stock, valued at approximately $14,109,147.68. The disclosure for this sale can be found here. Insiders have sold a total of 116,429 shares of company stock valued at $13,917,011 in the last 90 days. Insiders own 7.85% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Texas Permanent School Fund boosted its position in Lithia Motors by 0.3% during the 2nd quarter. Texas Permanent School Fund now owns 17,359 shares of the company’s stock worth $1,636,000 after acquiring an additional 47 shares during the period. D.A. Davidson & CO. boosted its position in Lithia Motors by 7.3% during the 2nd quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock worth $104,000 after acquiring an additional 75 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Lithia Motors by 0.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,096 shares of the company’s stock worth $1,234,000 after acquiring an additional 75 shares during the period. Symphony Asset Management LLC boosted its position in Lithia Motors by 1.2% during the 2nd quarter. Symphony Asset Management LLC now owns 6,692 shares of the company’s stock worth $631,000 after acquiring an additional 78 shares during the period. Finally, Amalgamated Bank boosted its position in Lithia Motors by 2.9% during the 2nd quarter. Amalgamated Bank now owns 3,228 shares of the company’s stock worth $304,000 after acquiring an additional 91 shares during the period. Institutional investors own 98.47% of the company’s stock.

Shares of Lithia Motors (NYSE LAD) traded up $1.90 during midday trading on Wednesday, hitting $118.40. The stock had a trading volume of 349,249 shares, compared to its average volume of 189,306. Lithia Motors has a 1-year low of $80.88 and a 1-year high of $123.50. The company has a quick ratio of 0.26, a current ratio of 1.21 and a debt-to-equity ratio of 0.96. The company has a market cap of $2,907.61, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 0.99 and a beta of 1.72.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Investors 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 dividend on an annualized basis and a yield of 0.91%. Lithia Motors’s dividend payout ratio is currently 13.12%.

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About Lithia Motors

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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Earnings History and Estimates for Lithia Motors (NYSE:LAD)

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