Asbury Automotive Group (ABG) to Release Earnings on Thursday

Asbury Automotive Group (NYSE:ABG) is expected to be posting its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Asbury Automotive Group to post earnings of $6.04 per share and revenue of $4.16 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Asbury Automotive Group (NYSE:ABG) last issued its earnings results on Tuesday, October 29th. The company reported $6.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.58 by ($0.23). The company had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Asbury Automotive Group had a net margin of 2.16% and a return on equity of 16.51%. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.12 earnings per share. 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 Performance

ABG stock opened at $273.11 on Wednesday. Asbury Automotive Group has a 1-year low of $195.09 and a 1-year high of $277.13. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41. The company has a market capitalization of $5.35 billion, a P/E ratio of 15.46 and a beta of 1.19. The business has a 50-day moving average price of $252.02 and a 200 day moving average price of $242.29.

Analysts Set New Price Targets

A number of research firms recently commented on ABG. Seaport Res Ptn cut shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Craig Hallum lifted their target price on shares of 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 shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Bank of America dropped their target price 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. Finally, JPMorgan Chase & Co. reduced their target price on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $255.20.

Asbury Automotive Group Company Profile

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.