Asbury Automotive Group (ABG) to Release Earnings on Thursday

Asbury Automotive Group (NYSE:ABG) is scheduled to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $7.76 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings data on Thursday, February 8th. The company reported $7.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.74 by ($0.62). The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.70 billion. Asbury Automotive Group had a return on equity of 21.68% and a net margin of 4.07%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $9.12 earnings per share. On average, analysts expect Asbury Automotive Group to post $31 EPS for the current fiscal year and $32 EPS for the next fiscal year.

Asbury Automotive Group Price Performance

Shares of ABG opened at $211.98 on Thursday. The business’s 50-day moving average is $216.90 and its 200-day moving average is $213.08. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.06 and a quick ratio of 0.45. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 7.41 and a beta of 1.18. Asbury Automotive Group has a fifty-two week low of $178.40 and a fifty-two week high of $256.39.

Analyst Ratings Changes

Separately, Craig Hallum downgraded shares of Asbury Automotive Group from a “buy” rating to a “hold” rating and set a $230.00 price target on the stock. in a research note on Thursday, February 8th.

Insider Transactions at Asbury Automotive Group

In other news, SVP Jed Milstein sold 3,955 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $209.00, for a total value of $826,595.00. Following the completion of the sale, the senior vice president now directly owns 8,300 shares of the company’s stock, valued at $1,734,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

Institutional Trading of Asbury Automotive Group

A number of hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Asbury Automotive Group by 23.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,111 shares of the company’s stock valued at $250,000 after purchasing an additional 208 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Asbury Automotive Group during the 3rd quarter valued at about $240,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Asbury Automotive Group during the 4th quarter valued at about $236,000. PNC Financial Services Group Inc. increased its stake in Asbury Automotive Group by 8.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,459 shares of the company’s stock valued at $233,000 after acquiring an additional 119 shares during the period. Finally, Advisor Partners II LLC acquired a new position in Asbury Automotive Group in the first quarter worth about $232,000.

Asbury Automotive Group Company Profile

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.