Equities analysts expect Group 1 Automotive, Inc. (NYSE:GPI) to report earnings per share of $2.80 for the current quarter, Zacks reports. Two analysts have provided estimates for Group 1 Automotive’s earnings, with the highest EPS estimate coming in at $2.95 and the lowest estimate coming in at $2.70. Group 1 Automotive posted earnings per share of $2.47 during the same quarter last year, which would suggest a positive year over year growth rate of 13.4%. The company is scheduled to issue its next quarterly earnings report on Thursday, October 24th.

On average, analysts expect that Group 1 Automotive will report full-year earnings of $10.28 per share for the current financial year, with EPS estimates ranging from $10.10 to $10.73. For the next year, analysts forecast that the firm will post earnings of $10.79 per share, with EPS estimates ranging from $10.00 to $12.21. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Group 1 Automotive.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Thursday, July 25th. The company reported $2.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.74 by $0.09. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.92 billion. Group 1 Automotive had a net margin of 1.31% and a return on equity of 15.90%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.45 earnings per share.

Several equities research analysts recently weighed in on GPI shares. Morgan Stanley upped their target price on shares of Group 1 Automotive from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. ValuEngine lowered shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $83.80.

Shares of NYSE GPI traded up $2.37 during midday trading on Friday, hitting $88.42. The company’s stock had a trading volume of 207,425 shares, compared to its average volume of 169,943. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.01 and a quick ratio of 0.24. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 1.32 and a beta of 1.78. The business’s fifty day simple moving average is $79.61 and its two-hundred day simple moving average is $74.60. Group 1 Automotive has a 1 year low of $48.69 and a 1 year high of $89.85.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.27%. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, August 30th. Group 1 Automotive’s payout ratio is presently 12.57%.

In related news, insider Daryl Kenningham sold 9,000 shares of Group 1 Automotive stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $87.05, for a total value of $783,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank Grese sold 5,000 shares of Group 1 Automotive stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $78.45, for a total transaction of $392,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,200 shares of company stock worth $2,063,100. 6.00% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in GPI. UBS Group AG lifted its position in shares of Group 1 Automotive by 0.7% during the 2nd quarter. UBS Group AG now owns 410,327 shares of the company’s stock worth $33,602,000 after purchasing an additional 2,701 shares during the last quarter. United Services Automobile Association boosted its stake in Group 1 Automotive by 5.7% during the 2nd quarter. United Services Automobile Association now owns 67,810 shares of the company’s stock worth $5,553,000 after purchasing an additional 3,637 shares during the period. Nuveen Asset Management LLC acquired a new stake in Group 1 Automotive during the 2nd quarter worth $5,485,000. Victory Capital Management Inc. grew its position in Group 1 Automotive by 899.0% during the 2nd quarter. Victory Capital Management Inc. now owns 66,822 shares of the company’s stock worth $5,472,000 after purchasing an additional 60,133 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Group 1 Automotive by 17.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 20,932 shares of the company’s stock worth $1,714,000 after purchasing an additional 3,141 shares during the last quarter. Institutional investors and hedge funds own 99.96% of the company’s stock.

About Group 1 Automotive

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 insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

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Earnings History and Estimates for Group 1 Automotive (NYSE:GPI)

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