Asbury Automotive Group (NYSE:ABG) is scheduled to announce its earnings results before the market opens on Tuesday, October 23rd. Analysts expect the company to announce earnings of $1.84 per share for the quarter.
Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings results on Tuesday, July 24th. The company reported $2.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.16. Asbury Automotive Group had a net margin of 2.37% and a return on equity of 37.44%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the firm earned $1.58 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts expect Asbury Automotive Group to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.
NYSE ABG opened at $59.76 on Monday. Asbury Automotive Group has a 52-week low of $54.51 and a 52-week high of $77.75. The company has a quick ratio of 0.36, a current ratio of 1.19 and a debt-to-equity ratio of 1.90. The firm has a market cap of $1.22 billion, a PE ratio of 9.29, a P/E/G ratio of 0.85 and a beta of 1.44.
ABG has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Tuesday, September 25th. Morgan Stanley raised shares of Asbury Automotive Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $63.00 to $71.00 in a report on Tuesday, July 10th. Buckingham Research downgraded shares of Asbury Automotive Group from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a report on Wednesday, October 3rd. SunTrust Banks initiated coverage on shares of Asbury Automotive Group in a report on Friday, August 24th. They set a “hold” rating and a $78.00 price objective for the company. Finally, ValuEngine downgraded shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a report on Saturday, October 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $73.20.
In related news, Director Thomas C. Deloach, Jr. sold 15,000 shares of Asbury Automotive Group stock in a transaction on Monday, August 20th. The shares were sold at an average price of $74.97, for a total value of $1,124,550.00. Following the transaction, the director now owns 68,652 shares in the company, valued at approximately $5,146,840.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas C. Deloach, Jr. sold 10,616 shares of Asbury Automotive Group stock in a transaction on Friday, August 17th. The stock was sold at an average price of $74.75, for a total transaction of $793,546.00. Following the completion of the transaction, the director now owns 68,652 shares in the company, valued at approximately $5,131,737. The disclosure for this sale can be found here. Insiders have sold a total of 27,386 shares of company stock valued at $2,050,438 over the last ninety days. 1.90% of the stock is currently owned by insiders.
About Asbury Automotive Group
Asbury Automotive Group, Inc operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection insurance, prepaid maintenance, and credit life and disability insurance.
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