Asbury Automotive Group (ABG) Projected to Post Quarterly Earnings on Thursday

Asbury Automotive Group (NYSE:ABG) will likely be issuing its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $6.04 per share and revenue of $4.16 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings results on Tuesday, October 29th. The company reported $6.35 EPS for the quarter, missing analysts’ consensus estimates of $6.58 by ($0.23). Asbury Automotive Group had a return on equity of 16.51% and a net margin of 2.16%. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the business earned $8.12 EPS. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, analysts expect Asbury Automotive Group to post $25 EPS for the current fiscal year and $27 EPS for the next fiscal year.

Asbury Automotive Group Stock Up 0.7 %

Shares of ABG stock opened at $273.11 on Wednesday. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 15.46 and a beta of 1.19. Asbury Automotive Group has a 12-month low of $195.09 and a 12-month high of $277.13. The firm has a fifty day moving average of $252.02 and a 200-day moving average of $242.29. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ABG. JPMorgan Chase & Co. dropped their price objective on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Seaport Res Ptn cut shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Craig Hallum upped their price objective on Asbury Automotive Group from $240.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. StockNews.com raised Asbury Automotive Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Bank of America decreased their target price on Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $255.20.

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.