Asbury Automotive Group (ABG) to Release Earnings on Thursday

Asbury Automotive Group (NYSE:ABG) is set to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $7.76 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Asbury Automotive Group (NYSE:ABG) last released its earnings results on Thursday, February 8th. The company reported $7.12 earnings per share for the quarter, missing the consensus estimate of $7.74 by ($0.62). The firm had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.70 billion. Asbury Automotive Group had a return on equity of 21.68% and a net margin of 4.07%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $9.12 earnings per share. On average, analysts expect Asbury Automotive Group to post $31 EPS for the current fiscal year and $32 EPS for the next fiscal year.

Asbury Automotive Group Stock Performance

Asbury Automotive Group stock opened at $217.04 on Tuesday. The firm’s 50 day simple moving average is $216.97 and its 200-day simple moving average is $213.02. The company has a market cap of $4.38 billion, a P/E ratio of 7.59 and a beta of 1.18. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.06 and a quick ratio of 0.45. Asbury Automotive Group has a fifty-two week low of $178.40 and a fifty-two week high of $256.39.

Insider Transactions at Asbury Automotive Group

In related news, SVP Jed Milstein sold 3,955 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $209.00, for a total transaction of $826,595.00. Following the transaction, the senior vice president now directly owns 8,300 shares of the company’s stock, valued at $1,734,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum downgraded shares of Asbury Automotive Group from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research report on Thursday, February 8th.

Asbury Automotive Group Company Profile

Asbury Automotive Group, Inc, together with its subsidiaries, 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 services, replacement parts, and collision repair services.