Group 1 Automotive (GPI) Scheduled to Post Earnings on Wednesday

Group 1 Automotive (NYSE:GPI) will be announcing its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $9.58 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Group 1 Automotive (NYSE:GPI) last posted its earnings results on Wednesday, January 31st. The company reported $9.50 EPS for the quarter, missing analysts’ consensus estimates of $10.44 by ($0.94). Group 1 Automotive had a return on equity of 24.36% and a net margin of 3.34%. The company had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.41 billion. During the same period last year, the firm posted $10.86 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts expect Group 1 Automotive to post $39 EPS for the current fiscal year and $40 EPS for the next fiscal year.

Group 1 Automotive Trading Up 0.7 %

NYSE:GPI opened at $269.87 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. Group 1 Automotive has a 12 month low of $214.25 and a 12 month high of $310.08. The company has a market cap of $3.65 billion, a PE ratio of 6.33, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42. The company has a 50 day simple moving average of $272.36 and a two-hundred day simple moving average of $273.73.

Group 1 Automotive Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 0.70%. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 29th. Group 1 Automotive’s dividend payout ratio is 4.41%.

Analyst Ratings Changes

Several research analysts have commented on GPI shares. Stephens reissued an “overweight” rating and set a $330.00 price objective on shares of Group 1 Automotive in a report on Tuesday, February 13th. StockNews.com lowered shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, Morgan Stanley raised shares of Group 1 Automotive from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $200.00 to $255.00 in a research report on Thursday, February 29th.

Hedge Funds Weigh In On Group 1 Automotive

Institutional investors and hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. increased its position in shares of Group 1 Automotive by 54.6% in the 3rd quarter. Federated Hermes Inc. now owns 252 shares of the company’s stock valued at $36,000 after purchasing an additional 89 shares during the last quarter. Amundi purchased a new position in shares of Group 1 Automotive in the 4th quarter valued at about $41,000. Benjamin Edwards Inc. increased its holdings in Group 1 Automotive by 85.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 459 shares of the company’s stock valued at $118,000 after acquiring an additional 212 shares in the last quarter. Cetera Investment Advisers purchased a new position in Group 1 Automotive during the 1st quarter valued at about $202,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Group 1 Automotive during the first quarter worth about $204,000. 99.92% of the stock is currently owned by institutional investors and hedge funds.

Group 1 Automotive Company Profile

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. 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.