Brokerages expect Lithia Motors Inc (NYSE:LAD) to report $2.63 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Lithia Motors’ earnings, with estimates ranging from $2.56 billion to $2.68 billion. Lithia Motors posted sales of $2.24 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.4%. The business is expected to announce its next earnings results on Wednesday, April 18th.
According to Zacks, analysts expect that Lithia Motors will report full year sales of $2.63 billion for the current fiscal year, with estimates ranging from $11.24 billion to $11.52 billion. For the next year, analysts forecast that the firm will report sales of $11.83 billion per share, with estimates ranging from $10.48 billion to $12.69 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Lithia Motors.
Lithia Motors (NYSE:LAD) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $2.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.09 by $0.06. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.70 billion. Lithia Motors had a net margin of 2.43% and a return on equity of 20.81%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.86 EPS.
In related news, Director Kenneth E. Roberts sold 5,000 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $124.00, for a total value of $620,000.00. Following the transaction, the director now directly owns 110,064 shares of the company’s stock, valued at approximately $13,647,936. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.85% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LAD. Millennium Management LLC purchased a new stake in Lithia Motors during the fourth quarter valued at about $27,882,000. Goldman Sachs Group Inc. increased its position in shares of Lithia Motors by 15.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 626,421 shares of the company’s stock valued at $71,155,000 after buying an additional 82,360 shares during the period. JPMorgan Chase & Co. increased its position in shares of Lithia Motors by 22.9% during the third quarter. JPMorgan Chase & Co. now owns 411,459 shares of the company’s stock valued at $48,820,000 after buying an additional 76,601 shares during the period. Wasatch Advisors Inc. increased its position in shares of Lithia Motors by 141.9% during the fourth quarter. Wasatch Advisors Inc. now owns 129,037 shares of the company’s stock valued at $14,657,000 after buying an additional 75,686 shares during the period. Finally, Standard Life Aberdeen plc increased its position in shares of Lithia Motors by 19.3% during the fourth quarter. Standard Life Aberdeen plc now owns 419,773 shares of the company’s stock valued at $47,682,000 after buying an additional 68,016 shares during the period.
Lithia Motors (NYSE LAD) traded down $0.80 on Friday, reaching $106.40. 174,511 shares of the company’s stock were exchanged, compared to its average volume of 298,279. The company has a quick ratio of 0.28, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. The stock has a market cap of $2,660.00, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 0.52 and a beta of 1.78. Lithia Motors has a 1 year low of $80.88 and a 1 year high of $127.99.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, March 8th. Lithia Motors’s dividend payout ratio (DPR) is currently 9.76%.
Lithia Motors Company Profile
Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com.
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