Group 1 Automotive, Inc. (GPI) To Go Ex-Dividend on September 1st

Group 1 Automotive, Inc. (NYSE:GPI) announced a quarterly dividend on Tuesday, August 11th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.55 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, September 1st.

Group 1 Automotive has increased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 2 years. Group 1 Automotive has a dividend payout ratio of 5.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Group 1 Automotive to earn $44.57 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 4.9%.

Group 1 Automotive Stock Up 0.6%

Shares of NYSE GPI opened at $263.66 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.25 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $3.14 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 0.80 and a beta of 0.82. The stock’s fifty day simple moving average is $292.47 and its two-hundred day simple moving average is $315.28. Group 1 Automotive has a 12-month low of $249.54 and a 12-month high of $488.39.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings results on Thursday, July 30th. The company reported $9.61 EPS for the quarter, missing the consensus estimate of $10.60 by ($0.99). The company had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $5.66 billion. Group 1 Automotive had a return on equity of 15.66% and a net margin of 1.31%.The company’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $10.82 earnings per share. As a group, analysts expect that Group 1 Automotive will post 38.96 EPS for the current fiscal year.

About Group 1 Automotive

Group 1 Automotive, Inc (NYSE: GPI) is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.

Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.