Avis Budget Group (CAR) Scheduled to Post Earnings on Monday
Avis Budget Group (NYSE:CAR) is set to release its Q214 earnings data on Monday, August 4th. Analysts expect Avis Budget Group to post earnings of ($0.06) per share and revenue of $40.75 million for the quarter. Avis Budget Group has set its FY14 guidance at $2.50-2.95 EPS.
Avis Budget Group (NYSE:CAR) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.08. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts expect Avis Budget Group to post $2.85 EPS for the current fiscal year and $3.57 EPS for the next fiscal year.
Avis Budget Group (NYSE:CAR) opened at 56.19 on Friday. Avis Budget Group has a 52 week low of $26.57 and a 52 week high of $61.95. The stock’s 50-day moving average is $58.93 and its 200-day moving average is $51.09. The company has a market cap of $5.922 billion and a price-to-earnings ratio of 97.44.
A number of research firms have recently commented on CAR. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Avis Budget Group in a research note on Tuesday, June 10th. They now have a $58.00 price target on the stock, up previously from $53.00. On the ratings front, analysts at Zacks upgraded shares of Avis Budget Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 22nd. They now have a $61.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Avis Budget Group from $42.00 to $46.00 in a research note on Monday, May 12th. They now have an “equal weight” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $51.00.
Avis Budget Group, Inc (NYSE:CAR) operates two brands in the global vehicle rental industry through Avis and Budget.
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