Equities analysts forecast that Asbury Automotive Group, Inc. (NYSE:ABG) will announce earnings of $1.94 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Asbury Automotive Group’s earnings, with the lowest EPS estimate coming in at $1.78 and the highest estimate coming in at $2.06. Asbury Automotive Group posted earnings of $1.81 per share during the same quarter last year, which indicates a positive year over year growth rate of 7.2%. The business is expected to announce its next quarterly earnings report on Tuesday, February 5th.
According to Zacks, analysts expect that Asbury Automotive Group will report full year earnings of $7.92 per share for the current financial year, with EPS estimates ranging from $7.60 to $8.26. For the next year, analysts anticipate that the company will post earnings of $8.16 per share, with EPS estimates ranging from $7.75 to $8.54. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Asbury Automotive Group.
Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings results on Tuesday, October 23rd. The company reported $2.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.33. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.68 billion. Asbury Automotive Group had a return on equity of 37.44% and a net margin of 2.37%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.48 EPS.
NYSE:ABG traded up $0.99 during mid-day trading on Friday, hitting $68.00. 12,398 shares of the company’s stock traded hands, compared to its average volume of 220,907. Asbury Automotive Group has a twelve month low of $58.60 and a twelve month high of $77.75. The firm has a market capitalization of $1.21 billion, a P/E ratio of 10.52, a P/E/G ratio of 0.85 and a beta of 1.44. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.19 and a quick ratio of 0.36.
In other Asbury Automotive Group news, Director Juanita T. James sold 1,500 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $74.73, for a total transaction of $112,095.00. Following the sale, the director now owns 8,679 shares in the company, valued at approximately $648,581.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas C. Deloach, Jr. sold 10,616 shares of the business’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $74.75, for a total value of $793,546.00. Following the sale, 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 worth $2,050,438 over the last ninety days. 1.90% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. grew its stake in Asbury Automotive Group by 100.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 13,436 shares of the company’s stock valued at $922,000 after purchasing an additional 6,718 shares during the last quarter. First Trust Advisors LP grew its stake in Asbury Automotive Group by 55.6% during the 3rd quarter. First Trust Advisors LP now owns 33,307 shares of the company’s stock valued at $2,290,000 after purchasing an additional 11,900 shares during the last quarter. First Quadrant L P CA grew its stake in Asbury Automotive Group by 24.4% during the 3rd quarter. First Quadrant L P CA now owns 27,630 shares of the company’s stock valued at $1,900,000 after purchasing an additional 5,414 shares during the last quarter. Texas Permanent School Fund grew its stake in Asbury Automotive Group by 8.1% during the 3rd quarter. Texas Permanent School Fund now owns 12,806 shares of the company’s stock valued at $880,000 after purchasing an additional 955 shares during the last quarter. Finally, First Hawaiian Bank purchased a new stake in Asbury Automotive Group during the 3rd quarter valued at about $273,000.
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.
Recommended Story: Risk Tolerance
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Asbury Automotive Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asbury Automotive Group and related companies with MarketBeat.com's FREE daily email newsletter.