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.
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.
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