$2.27 EPS Expected for Asbury Automotive Group, Inc. (NYSE:ABG) This Quarter

Equities research analysts expect Asbury Automotive Group, Inc. (NYSE:ABG) to post $2.27 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Asbury Automotive Group’s earnings. The highest EPS estimate is $2.41 and the lowest is $2.10. Asbury Automotive Group posted earnings per share of $2.20 in the same quarter last year, which indicates a positive year-over-year growth rate of 3.2%. The company is expected to report its next earnings report on Tuesday, April 28th.

On average, analysts expect that Asbury Automotive Group will report full year earnings of $10.82 per share for the current financial year, with EPS estimates ranging from $10.62 to $11.03. For the next financial year, analysts forecast that the firm will report earnings of $11.46 per share, with EPS estimates ranging from $10.85 to $12.07. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Asbury Automotive Group.

Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings data on Monday, February 3rd. The company reported $2.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.35 by $0.18. Asbury Automotive Group had a return on equity of 32.96% and a net margin of 2.56%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm posted $2.20 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis.

A number of brokerages have recently weighed in on ABG. Morgan Stanley dropped their price objective on Asbury Automotive Group from $111.00 to $104.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. ValuEngine cut Asbury Automotive Group from a “sell” rating to a “strong sell” rating in a research note on Friday, January 3rd. SunTrust Banks dropped their price objective on Asbury Automotive Group to and set a “hold” rating for the company in a research note on Tuesday, February 4th. Craig Hallum cut Asbury Automotive Group from a “buy” rating to a “hold” rating and set a $110.00 price objective for the company. in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. dropped their price objective on Asbury Automotive Group from $100.00 to $99.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Asbury Automotive Group presently has a consensus rating of “Hold” and a consensus price target of $108.67.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Preferred LLC acquired a new position in Asbury Automotive Group during the 4th quarter worth $25,000. Price Capital Management Inc. acquired a new position in Asbury Automotive Group during the 3rd quarter worth $61,000. FMR LLC grew its stake in Asbury Automotive Group by 357.9% during the 4th quarter. FMR LLC now owns 641 shares of the company’s stock worth $72,000 after purchasing an additional 501 shares in the last quarter. Advisory Services Network LLC acquired a new position in Asbury Automotive Group during the 4th quarter worth $77,000. Finally, Point72 Asset Management L.P. grew its stake in Asbury Automotive Group by 133.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 700 shares of the company’s stock worth $72,000 after purchasing an additional 400 shares in the last quarter.

Shares of NYSE ABG opened at $95.70 on Friday. Asbury Automotive Group has a twelve month low of $65.54 and a twelve month high of $123.44. The company has a current ratio of 1.17, a quick ratio of 0.34 and a debt-to-equity ratio of 1.55. The stock has a fifty day simple moving average of $101.79 and a 200-day simple moving average of $102.20. The stock has a market capitalization of $1.87 billion, a PE ratio of 10.03, a PEG ratio of 0.62 and a beta of 1.24.

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.

See Also: What is meant by a buy rating?

Get a free copy of the Zacks research report on Asbury Automotive Group (ABG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Asbury Automotive Group (NYSE:ABG)

Receive News & Ratings for Asbury Automotive Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asbury Automotive Group and related companies with MarketBeat.com's FREE daily email newsletter.