Asbury Automotive Group (ABG) Receives Daily Media Sentiment Score of 0.37
News coverage about Asbury Automotive Group (NYSE:ABG) has trended positive on Saturday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Asbury Automotive Group earned a media sentiment score of 0.37 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.8928403915368 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Asbury Automotive Group, Inc. (ABG) Director Sells $99,240.00 in Stock (americanbankingnews.com)
- $1.69 Billion in Sales Expected for Asbury Automotive Group, Inc. (ABG) This Quarter (americanbankingnews.com)
- Asbury Automotive Group, Inc. (ABG) Expected to Announce Earnings of $1.60 Per Share (americanbankingnews.com)
- ETFs with exposure to Asbury Automotive Group, Inc. : November 27, 2017 (finance.yahoo.com)
- Asbury Automotive Group Inc (ABG) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
Asbury Automotive Group (ABG) opened at $66.25 on Friday. Asbury Automotive Group has a fifty-two week low of $49.10 and a fifty-two week high of $71.00. The stock has a market cap of $1,380.00, a price-to-earnings ratio of 10.61, a PEG ratio of 1.18 and a beta of 1.55. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.25 and a quick ratio of 0.38.
Asbury Automotive Group (NYSE:ABG) last announced its earnings results on Tuesday, October 24th. The company reported $1.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($0.09). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.68 billion. Asbury Automotive Group had a return on equity of 42.24% and a net margin of 2.54%. Asbury Automotive Group’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. sell-side analysts expect that Asbury Automotive Group will post 6.25 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on ABG. TheStreet raised shares of Asbury Automotive Group from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Zacks Investment Research lowered shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, Jefferies Group reissued a “hold” rating and issued a $61.00 price target on shares of Asbury Automotive Group in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $56.75.
In related news, Director Joel Alsfine sold 200,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $62.00, for a total value of $12,400,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dennis E. Clements sold 5,000 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $58.66, for a total transaction of $293,300.00. Following the completion of the transaction, the director now directly owns 20,531 shares of the company’s stock, valued at $1,204,348.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 270,884 shares of company stock valued at $16,719,320. Company insiders own 11.90% of the company’s stock.
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Asbury Automotive Group Company Profile
Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.
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