Penske Automotive Group (PAG) Scheduled to Post Earnings on Thursday
Penske Automotive Group (NYSE:PAG) will post its quarterly earnings results on Thursday, February 13th. Individual interested in participating in the company’s earnings conference call can do so using this link.
Shares of Penske Automotive Group (NYSE:PAG) opened at 41.60 on Wednesday. Penske Automotive Group has a 52 week low of $27.61 and a 52 week high of $47.79. The stock’s 50-day moving average is $44.04 and its 200-day moving average is $42.17. The company has a market cap of $3.752 billion and a price-to-earnings ratio of 15.95.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders of record on Monday, February 10th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, February 6th. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $0.17.
PAG has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Penske Automotive Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 29th. They now have a $44.00 price target on the stock. Analysts at McLean Capital Management downgraded shares of Penske Automotive Group from a “neutral” rating to a “sell” rating in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Penske Automotive Group presently has a consensus rating of “Hold” and an average target price of $43.00.
Penske Automotive Group, Inc is an automotive retailer. The Company is engaged in the sale of new and used motor vehicles and related products and services, including vehicle service, collision repair, and placement of finance and lease contracts, third-party insurance products and other aftermarket products.
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