Asbury Automotive Group (NYSE:ABG – Get Rating) will release quarterly earnings data before the market opens on Thursday, February 2nd. Analysts expect the company to report earnings of $8.23 per share for his quarter. Investors interested in registering for the company’s conference call can do so using this link.
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Asbury Automotive Group (NYSE:ABG – Get Rating) last announced its quarterly earnings data on Thursday, Oct. 27. The company reported EPS of $9.23 for the quarter, beating analyst consensus expectations of $9.19 by $0.04. The business earned him $3.87 billion during the quarter, compared to consensus expectations of his $3.96 billion. Asbury Automotive Group’s return on equity was 34.33% and net profit margin was 5.46%. The business’ revenue for the quarter increased 60.7% year-on-year. His earnings per share for the company in the same period last year were $7.36. On average, analysts expect Asbury Automotive Group to post EPS of $37 this fiscal year and $30 next fiscal year.
Asbury Automotive Group stock gains 2.4%
NYSE:ABG shares opened Thursday at $193.64. His 52-week low is $138.88 and his 52-week high is $203.92 for the Asbury Automotive Group. The company has a 50-day moving average price of $179.76 and a 200-day moving average price of $170.95. The company has a quick ratio of 0.85, a current ratio of 1.56 and a debt to equity ratio of 1.23. The stock has a market cap of $4.29 billion, a price/earnings ratio of 5.51, a price/earnings ratio of 0.35 and a beta of 1.14.
Analyst sets new price target
Several research firms have commented on ABG. StockNews.com downgraded Asbury Automotive Group’s stock from a ‘buy’ rating to a ‘hold’ rating in a report on Friday, January 20. JPMorgan Chase & Company lowered its price target for Asbury Automotive Group from $205.00 to $185.00 in a report on Thursday, Oct. 6, setting the company’s rating to “neutral.” Finally, in its Tuesday, January 17 report, Morgan Stanley lowered its price target for Asbury Automotive Group from $135.00 to $128.00, setting the company’s rating to “underweight.” bottom.
Asbury Automotive Group Institutional Deal
Institutional investors have recently changed their stock holdings. Walleye Capital LLC purchased new shares in Asbury Automotive Group worth approximately $632,000 in the first quarter. HighTower Advisors LLC increased his position in Asbury Automotive Group stock by 47.5% in the first quarter. HighTower Advisors LLC now owns 3,671 of his shares worth $593,000 after purchasing an additional 1,182 of his shares last quarter. Point72 Hong Kong Ltd bought a new stake in his Asbury Automotive Group in the first quarter for around $341,000. Atria Wealth Solutions Inc. purchased new shares in Asbury Automotive Group worth approximately $328,000 in the first quarter. Finally, Delphia USA Inc. increased his position in Asbury Automotive Group stock by 50.2% in the first quarter. Delphia USA Inc. now owns 1,908 shares worth $306,000 after purchasing an additional 638 shares during the previous quarter.
Asbury Automotive Group Company Profile
Asbury Automotive Group, Inc operates as a franchised automobile retailer. It operates through its dealer and Total Care Auto (TCA) segments. The Dealer segment offers a range of automotive products and services that meet the entire vehicle ownership lifecycle, including selling new and used vehicles, providing vehicle repair and maintenance services, replacement parts, and collision repair services.
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