Equities research analysts expect that Asbury Automotive Group, Inc. (NYSE:ABG) will report $2.38 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Asbury Automotive Group’s earnings. The highest EPS estimate is $2.68 and the lowest is $2.23. Asbury Automotive Group reported earnings of $2.21 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.7%. The firm is expected to issue its next earnings results on Tuesday, October 22nd.

According to Zacks, analysts expect that Asbury Automotive Group will report full-year earnings of $9.29 per share for the current financial year, with EPS estimates ranging from $9.11 to $9.90. For the next financial year, analysts forecast that the business will post earnings of $9.83 per share, with EPS estimates ranging from $9.40 to $11.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Asbury Automotive Group.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings data on Friday, July 26th. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.11. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.80 billion. Asbury Automotive Group had a net margin of 2.57% and a return on equity of 35.08%. Asbury Automotive Group’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.08 EPS.

ABG has been the subject of a number of recent research reports. Craig Hallum boosted their price target on shares of Asbury Automotive Group from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 29th. ValuEngine lowered shares of Asbury Automotive Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on shares of Asbury Automotive Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Finally, Morgan Stanley boosted their price target on shares of Asbury Automotive Group from $86.00 to $95.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $90.00.

Shares of NYSE:ABG traded up $1.08 during mid-day trading on Friday, hitting $91.65. The company had a trading volume of 1,940 shares, compared to its average volume of 155,842. The firm has a fifty day moving average price of $88.39 and a 200 day moving average price of $78.24. The company has a market capitalization of $1.76 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 0.69 and a beta of 1.25. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.20 and a quick ratio of 0.34. Asbury Automotive Group has a one year low of $58.60 and a one year high of $95.14.

In other Asbury Automotive Group news, Director Juanita T. James sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $92.21, for a total transaction of $92,210.00. Following the completion of the sale, the director now owns 7,299 shares in the company, valued at approximately $673,040.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jed Milstein sold 900 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $92.52, for a total transaction of $83,268.00. Following the sale, the senior vice president now owns 10,374 shares of the company’s stock, valued at approximately $959,802.48. The disclosure for this sale can be found here. Insiders have sold a total of 10,324 shares of company stock valued at $947,466 in the last 90 days. 1.36% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ABG. Point72 Asset Management L.P. purchased a new position in Asbury Automotive Group during the 2nd quarter worth $25,000. Point72 Hong Kong Ltd purchased a new position in Asbury Automotive Group during the 2nd quarter worth $60,000. Bank of Montreal Can boosted its holdings in Asbury Automotive Group by 26.1% during the 1st quarter. Bank of Montreal Can now owns 1,010 shares of the company’s stock worth $71,000 after acquiring an additional 209 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in Asbury Automotive Group during the 1st quarter worth $110,000. Finally, Convergence Investment Partners LLC purchased a new position in Asbury Automotive Group during the 2nd quarter worth $182,000.

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.

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Earnings History and Estimates for Asbury Automotive Group (NYSE:ABG)

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