Group 1 Automotive (NYSE:GPI – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $9.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.36 by $0.44, Yahoo Finance reports. The company had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Group 1 Automotive had a net margin of 3.03% and a return on equity of 20.87%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $11.73 EPS.
Group 1 Automotive Stock Down 1.2 %
Shares of NYSE GPI traded down $3.93 during trading hours on Friday, hitting $333.22. 146,313 shares of the stock were exchanged, compared to its average volume of 135,477. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.87. The company has a market cap of $4.51 billion, a PE ratio of 7.96, a PEG ratio of 1.69 and a beta of 1.35. The firm has a fifty day moving average price of $303.73 and a 200-day moving average price of $287.04. Group 1 Automotive has a 12 month low of $228.84 and a 12 month high of $340.99.
Group 1 Automotive Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.88 annualized dividend and a dividend yield of 0.56%. Group 1 Automotive’s dividend payout ratio is currently 4.44%.
Insider Buying and Selling
Analyst Ratings Changes
GPI has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Group 1 Automotive from $315.00 to $310.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Bank of America lowered their price objective on shares of Group 1 Automotive from $445.00 to $435.00 and set a “buy” rating for the company in a research report on Monday. Finally, Guggenheim raised shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $305.00 price objective for the company in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $329.17.
View Our Latest Analysis on GPI
About Group 1 Automotive
Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.
Featured Stories
- Five stocks we like better than Group 1 Automotive
- How to Invest in Small Cap Stocks
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- What Do S&P 500 Stocks Tell Investors About the Market?
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for Group 1 Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive and related companies with MarketBeat.com's FREE daily email newsletter.