Asbury Automotive Group (ABG) to Release Earnings on Thursday

Asbury Automotive Group (NYSE:ABG) is set to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Asbury Automotive Group to post earnings of $7.76 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings results on Thursday, February 8th. The company reported $7.12 earnings per share for the quarter, missing analysts’ consensus estimates of $7.74 by ($0.62). Asbury Automotive Group had a return on equity of 21.68% and a net margin of 4.07%. The company had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the prior year, the business earned $9.12 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts expect Asbury Automotive Group to post $31 EPS for the current fiscal year and $32 EPS for the next fiscal year.

Asbury Automotive Group Stock Performance

Shares of ABG stock opened at $217.04 on Tuesday. The company’s fifty day simple moving average is $216.97 and its 200-day simple moving average is $213.02. Asbury Automotive Group has a 52 week low of $178.40 and a 52 week high of $256.39. The company has a current ratio of 1.06, a quick ratio of 0.45 and a debt-to-equity ratio of 0.96. The company has a market cap of $4.38 billion, a PE ratio of 7.59 and a beta of 1.18.

Insider Activity

In other news, SVP Jed Milstein sold 3,955 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $209.00, for a total value of $826,595.00. Following the transaction, the senior vice president now owns 8,300 shares of the company’s stock, valued at approximately $1,734,700. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum downgraded shares of Asbury Automotive Group from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research note on Thursday, February 8th.

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.