Penske Automotive Group (PAG) Announces Quarterly Results
Penske Automotive Group (NYSE:PAG) issued its quarterly earnings data on Thursday. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.01, Analyst RN reports. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.77 billion.
Several analysts have recently commented on the stock. 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 given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $43.00.
Shares of Penske Automotive Group (NYSE:PAG) opened at 41.61 on Thursday. Penske Automotive Group has a 1-year low of $27.61 and a 1-year high of $47.79. The stock’s 50-day moving average is $43.87 and its 200-day moving average is $42.17. The company has a market cap of $3.753 billion and a price-to-earnings ratio of 16.08.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Stockholders of record on Monday, February 10th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Thursday, February 6th. This is a boost from Penske Automotive Group’s previous quarterly dividend of $0.17.
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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