Asbury Automotive Group (NYSE:ABG – Get Free Report) will be announcing its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $6.78 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Asbury Automotive Group (NYSE:ABG – Get Free Report) last posted its earnings results on Friday, August 2nd. The company reported $6.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.31 by ($0.91). The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.31 billion. Asbury Automotive Group had a return on equity of 17.93% and a net margin of 2.51%. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the company posted $8.95 EPS. On average, analysts expect Asbury Automotive Group to post $26 EPS for the current fiscal year and $29 EPS for the next fiscal year.
Asbury Automotive Group Trading Down 2.1 %
Shares of ABG opened at $229.72 on Tuesday. Asbury Automotive Group has a 12 month low of $178.40 and a 12 month high of $277.13. The stock’s 50-day moving average is $230.11 and its two-hundred day moving average is $231.24. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.25 and a quick ratio of 0.45. The stock has a market cap of $4.63 billion, a PE ratio of 8.37 and a beta of 1.16.
Insider Transactions at Asbury Automotive Group
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on ABG shares. Bank of America dropped their price objective on shares of Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Stephens initiated coverage on shares of Asbury Automotive Group in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $216.00 price objective for the company. StockNews.com lowered Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Morgan Stanley raised Asbury Automotive Group from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $190.00 to $240.00 in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. raised their price objective on Asbury Automotive Group from $230.00 to $265.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $251.20.
Check Out Our Latest Analysis on ABG
About Asbury Automotive Group
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.
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