Group 1 Automotive (GPI) Scheduled to Post Earnings on Thursday
Group 1 Automotive (NYSE:GPI) is scheduled to be posting its Q213 quarterly earnings results on Thursday, October 24th. Analysts expect Group 1 Automotive to post earnings of $1.46 per share and revenue of $2.32 billion for the quarter.
Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.41 by $0.11. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company posted $1.25 earnings per share. Group 1 Automotive’s revenue was up 23.2% compared to the same quarter last year. On average, analysts expect Group 1 Automotive to post $5.34 EPS for the current fiscal year and $5.95 EPS for the next fiscal year.
Shares of Group 1 Automotive (NYSE:GPI) opened at 68.82 on Wednesday. Group 1 Automotive has a one year low of $54.75 and a one year high of $81.93. The stock’s 50-day moving average is $76.62 and its 200-day moving average is $65.96. The company has a market cap of $1.603 billion and a price-to-earnings ratio of 15.82.
A number of research firms have recently commented on GPI. Analysts at McLean Capital Management downgraded shares of Group 1 Automotive from a “neutral” rating to a “sell” rating in a research note to investors on Friday, October 11th. On a related note, analysts at Morgan Stanley downgraded shares of Group 1 Automotive from an “overweight” rating to an “underweight” rating in a research note to investors on Tuesday, October 8th. They now have a $64.00 price target on the stock, down previously from $66.00. Finally, analysts at Stephens downgraded shares of Group 1 Automotive from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday, October 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $79.03.
Group 1 Automotive, Inc is an operator in the automotive retailing industry. As of December 31, 2011, the Company owned and operated 131 franchises, representing 31 brands of automobiles, at 104 dealership locations and 25 collision service centers in the United States of America and 10 franchises at five dealerships and three collision centers in the United Kingdom.
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