Asbury Automotive Group (NYSE:ABG – Get Rating) is scheduled to issue its quarterly earnings data before the market opens on Thursday, February 2nd. Analysts expect the company to announce earnings of $8.23 per share for the 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, October 27th. The company reported $9.23 EPS for the quarter, topping analysts’ consensus estimates of $9.19 by $0.04. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.96 billion. Asbury Automotive Group had a return on equity of 34.33% and a net margin of 5.46%. The business’s revenue for the quarter was up 60.7% on a year-over-year basis. During the same period in the previous year, the company posted $7.36 earnings per share. On average, analysts expect Asbury Automotive Group to post $37 EPS for the current fiscal year and $30 EPS for the next fiscal year.
Asbury Automotive Group Stock Up 2.4 %
Shares of NYSE:ABG opened at $193.64 on Thursday. Asbury Automotive Group has a fifty-two week low of $138.88 and a fifty-two week high of $203.92. The firm’s 50 day moving average price is $179.76 and its 200 day moving average price is $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-to-earnings ratio of 5.51, a price-to-earnings-growth ratio of 0.35 and a beta of 1.14.
Analysts Set New Price Targets
Several research firms have commented on ABG. StockNews.com cut shares of Asbury Automotive Group from a “buy” rating to a “hold” rating in a report on Friday, January 20th. JPMorgan Chase & Co. lowered their price target on shares of Asbury Automotive Group from $205.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, October 6th. Finally, Morgan Stanley lowered their price target on shares of Asbury Automotive Group from $135.00 to $128.00 and set an “underweight” rating for the company in a report on Tuesday, January 17th.
Institutional Trading of Asbury Automotive Group
Institutional investors have recently modified their holdings of the stock. Walleye Capital LLC purchased a new stake in shares of Asbury Automotive Group during the 1st quarter worth approximately $632,000. HighTower Advisors LLC lifted its position in shares of Asbury Automotive Group by 47.5% during the 1st quarter. HighTower Advisors LLC now owns 3,671 shares of the company’s stock worth $593,000 after buying an additional 1,182 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Asbury Automotive Group during the 1st quarter worth approximately $341,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Asbury Automotive Group during the 1st quarter worth approximately $328,000. Finally, Delphia USA Inc. lifted its position in shares of Asbury Automotive Group by 50.2% during the 1st quarter. Delphia USA Inc. now owns 1,908 shares of the company’s stock worth $306,000 after buying an additional 638 shares during the last quarter.
Asbury Automotive Group Company Profile
Asbury Automotive Group, Inc operates as a franchised automotive retailer. It operates through the Dealerships and Total Care Auto (TCA) segments. The Dealerships segment offers a range of automotive products and services fulfilling the entire vehicle ownership lifecycle including the sale of new and used vehicles and the provision of vehicle repair and maintenance services, replacement parts, and collision repair services.
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