Equities analysts expect that Group 1 Automotive, Inc. (NYSE:GPI) will post $2.80 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Group 1 Automotive’s earnings, with the lowest EPS estimate coming in at $2.70 and the highest estimate coming in at $2.95. Group 1 Automotive posted earnings per share of $2.47 in the same quarter last year, which suggests a positive year over year growth rate of 13.4%. The company is expected to issue its next quarterly earnings results on Thursday, October 24th.
According to Zacks, analysts expect that Group 1 Automotive will report full-year earnings of $10.28 per share for the current fiscal year, with EPS estimates ranging from $10.10 to $10.73. For the next fiscal year, analysts anticipate that the business will post earnings of $10.79 per share, with EPS estimates ranging from $10.00 to $12.21. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Group 1 Automotive.
Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.09. Group 1 Automotive had a net margin of 1.31% and a return on equity of 15.90%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the firm posted $2.45 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis.
Several equities analysts have recently weighed in on GPI shares. Morgan Stanley raised their price objective on shares of Group 1 Automotive from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. ValuEngine upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $83.80.
In other Group 1 Automotive news, insider Frank Grese sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $78.45, for a total value of $392,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daryl Kenningham sold 9,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $87.05, for a total transaction of $783,450.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,200 shares of company stock valued at $2,063,100. Corporate insiders own 6.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in GPI. Quantamental Technologies LLC acquired a new position in shares of Group 1 Automotive in the first quarter worth about $37,000. Krane Funds Advisors LLC acquired a new position in shares of Group 1 Automotive in the second quarter worth about $62,000. Point72 Hong Kong Ltd acquired a new position in shares of Group 1 Automotive in the second quarter worth about $78,000. Bessemer Group Inc. acquired a new position in shares of Group 1 Automotive in the second quarter worth about $120,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Group 1 Automotive in the second quarter worth about $208,000. Institutional investors own 99.96% of the company’s stock.
Shares of NYSE:GPI traded down $0.93 during trading hours on Friday, hitting $86.86. 198,633 shares of the company’s stock traded hands, compared to its average volume of 170,442. Group 1 Automotive has a 52 week low of $48.69 and a 52 week high of $89.85. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.24 and a current ratio of 1.01. The company’s fifty day simple moving average is $79.65 and its two-hundred day simple moving average is $74.84. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 1.41 and a beta of 1.78.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.28 per share. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, August 30th. This represents a $1.12 annualized dividend and a dividend yield of 1.29%. Group 1 Automotive’s dividend payout ratio (DPR) is 12.57%.
About Group 1 Automotive
Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.
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