Lithia Motors Inc. Plans Quarterly Dividend of $0.16 (LAD)
Lithia Motors (NYSE:LAD) announced a quarterly dividend on Thursday, April 24th, Analyst Ratings Network reports. Stockholders of record on Friday, May 9th will be paid a dividend of 0.16 per share on Friday, May 23rd. This represents a $0.64 annualized dividend and a dividend yield of 0.91%.
LAD has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Lithia Motors from a “neutral” rating to an “outperform” rating in a research note on Friday, April 11th. They now have a $70.80 price target on the stock. On a related note, analysts at BB&T Corp. raised their price target on shares of Lithia Motors from $53.00 to $77.00 in a research note on Thursday, April 3rd. They now have a “buy” rating on the stock. Finally, analysts at Ned Davis Research downgraded shares of Lithia Motors from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $72.13.
Shares of Lithia Motors (NYSE:LAD) traded up 1.08% on Thursday, hitting $70.87. The stock had a trading volume of 261,796 shares. Lithia Motors has a 52 week low of $47.10 and a 52 week high of $74.94. The stock’s 50-day moving average is $66.84 and its 200-day moving average is $64.94. The company has a market cap of $1.837 billion and a price-to-earnings ratio of 17.31.
Lithia Motors (NYSE:LAD) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.94 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.96 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $0.84 earnings per share. Lithia Motors’s revenue was up 19.4% compared to the same quarter last year. Analysts expect that Lithia Motors will post $4.55 EPS for the current fiscal year.
Lithia Motors, Inc, is an operator of automotive franchises and a retailer of new and used vehicles and services.
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