Asbury Automotive Group (ABG) to Release Earnings on Thursday

Asbury Automotive Group (NYSE:ABG) will likely be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $6.05 per share and revenue of $4,115,190.17 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Asbury Automotive Group (NYSE:ABG) last issued 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 net margin of 2.16% and a return on equity of 16.51%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the firm earned $8.12 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. 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 4.0 %

Shares of Asbury Automotive Group stock opened at $271.48 on Tuesday. The firm has a market cap of $5.32 billion, a PE ratio of 15.36 and a beta of 1.19. The business’s 50 day simple moving average is $251.57 and its 200 day simple moving average is $242.12. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. Asbury Automotive Group has a 52-week low of $195.09 and a 52-week high of $277.13.

Wall Street Analyst Weigh In

Several brokerages recently commented on ABG. JPMorgan Chase & Co. reduced their target price on shares of Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Bank of America decreased their price objective on Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating for the company in a report on Monday, October 14th. Craig Hallum lifted their target price on Asbury Automotive Group from $240.00 to $260.00 and gave the company a “hold” rating in a research report 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, Seaport Res Ptn lowered Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Asbury Automotive Group currently has a consensus rating of “Hold” and a consensus 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.