Group 1 Automotive, Inc. (NYSE:GPI) Expected to Announce Earnings of $10.56 Per Share

Wall Street brokerages forecast that Group 1 Automotive, Inc. (NYSE:GPIGet Rating) will post earnings per share of $10.56 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Group 1 Automotive’s earnings, with the highest EPS estimate coming in at $10.87 and the lowest estimate coming in at $10.23. Group 1 Automotive reported earnings per share of $10.31 in the same quarter last year, which would indicate a positive year over year growth rate of 2.4%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Group 1 Automotive will report full-year earnings of $42.48 per share for the current year, with EPS estimates ranging from $41.25 to $44.81. For the next year, analysts expect that the business will post earnings of $37.27 per share, with EPS estimates ranging from $33.25 to $40.00. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Group 1 Automotive.

Group 1 Automotive (NYSE:GPIGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $10.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.45 by $1.36. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Group 1 Automotive had a net margin of 4.45% and a return on equity of 38.47%. The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.57 earnings per share.

Several brokerages recently weighed in on GPI. StockNews.com started coverage on shares of Group 1 Automotive in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Morgan Stanley lowered Group 1 Automotive from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $187.00 to $160.00 in a research report on Friday, May 20th. Finally, JPMorgan Chase & Co. lowered Group 1 Automotive from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $240.00 to $200.00 in a research report on Thursday, April 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $228.00.

Shares of GPI opened at $174.37 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.34 and a debt-to-equity ratio of 0.98. The company’s 50 day simple moving average is $176.02 and its 200-day simple moving average is $183.71. Group 1 Automotive has a 12-month low of $143.00 and a 12-month high of $212.23. The firm has a market cap of $2.89 billion, a PE ratio of 4.79, a price-to-earnings-growth ratio of 0.31 and a beta of 1.52.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $1.48 dividend on an annualized basis and a yield of 0.85%. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.36. Group 1 Automotive’s payout ratio is 3.96%.

In related news, CEO Earl J. Hesterberg sold 3,294 shares of the business’s stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $197.21, for a total transaction of $649,609.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Frank Grese sold 910 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $185.86, for a total transaction of $169,132.60. Following the transaction, the senior vice president now owns 21,714 shares in the company, valued at approximately $4,035,764.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,582 shares of company stock worth $2,344,963. Insiders own 3.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC acquired a new position in shares of Group 1 Automotive in the 4th quarter valued at $27,000. First Quadrant LLC CA acquired a new stake in Group 1 Automotive in the first quarter worth $33,000. UMB Bank N A MO bought a new position in Group 1 Automotive during the fourth quarter valued at about $46,000. National Bank of Canada FI acquired a new stake in Group 1 Automotive during the 4th quarter worth about $67,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Group 1 Automotive in the 4th quarter valued at approximately $135,000. 99.57% of the stock is currently owned by institutional investors and hedge funds.

About Group 1 Automotive (Get Rating)

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It operates primarily in 17 states in the United States; and 35 towns in the United Kingdom.

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