Penske Automotive Group (NYSE:PAG – Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Penske Automotive Group to post earnings of $3.46 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Penske Automotive Group (NYSE:PAG – Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.39 by $0.22. Penske Automotive Group had a return on equity of 19.82% and a net margin of 3.05%. The firm had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same quarter in the prior year, the firm posted $4.41 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, analysts expect Penske Automotive Group to post $14 EPS for the current fiscal year and $14 EPS for the next fiscal year.
Penske Automotive Group Price Performance
Shares of PAG opened at $152.26 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.22 and a debt-to-equity ratio of 0.32. The stock has a market cap of $10.17 billion, a P/E ratio of 11.21 and a beta of 1.16. The stock’s 50-day moving average price is $159.21 and its two-hundred day moving average price is $155.70. Penske Automotive Group has a 1 year low of $140.70 and a 1 year high of $179.72.
Penske Automotive Group Increases Dividend
Wall Street Analyst Weigh In
PAG has been the subject of several recent analyst reports. Stephens began coverage on shares of Penske Automotive Group in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $161.00 target price for the company. Bank of America upped their price objective on shares of Penske Automotive Group from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Morgan Stanley upgraded Penske Automotive Group from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $115.00 to $180.00 in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. increased their price target on Penske Automotive Group from $140.00 to $160.00 and gave the stock an “underweight” rating in a report on Tuesday, September 10th.
View Our Latest Analysis on PAG
Insider Transactions at Penske Automotive Group
In other Penske Automotive Group news, Director John Barr sold 716 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $170.71, for a total transaction of $122,228.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 51.70% of the stock is owned by insiders.
Penske Automotive Group Company Profile
Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.
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