Group 1 Automotive, Inc. Plans Quarterly Dividend of $0.17 (GPI)
Group 1 Automotive (NYSE:GPI) announced a quarterly dividend on Wednesday, August 13th, Analyst Ratings Network reports. Stockholders of record on Tuesday, September 2nd will be paid a dividend of 0.17 per share on Tuesday, September 16th. This represents a $0.68 annualized dividend and a dividend yield of 0.89%.
A number of research firms have recently commented on GPI. Analysts at Zacks downgraded shares of Group 1 Automotive from an “outperform” rating to a “neutral” rating in a research note on Friday, July 25th. They now have a $91.10 price target on the stock. On a related note, analysts at KeyCorp reiterated a “buy” rating on shares of Group 1 Automotive in a research note on Wednesday, July 16th. They now have a $92.00 price target on the stock, up previously from $87.00. Finally, analysts at Goldman Sachs cut their price target on shares of Group 1 Automotive from $80.00 to $79.00 in a research note on Monday, July 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $78.62.
Shares of Group 1 Automotive (NYSE:GPI) traded up 0.79% on Wednesday, hitting $77.01. The stock had a trading volume of 389,688 shares. Group 1 Automotive has a 52-week low of $59.37 and a 52-week high of $87.38. The stock has a 50-day moving average of $80.00 and a 200-day moving average of $72.52. The company has a market cap of $1.792 billion and a P/E ratio of 20.08.
Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by $0.17. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.61 million. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts predict that Group 1 Automotive will post $5.50 earnings per share for the current fiscal year.
Group 1 Automotive, Inc is an operator in the automotive retailing industry. Through its operating subsidiaries, it markets and sells a range of automotive products and services, including new and used cars and light trucks; arrange related vehicle financing; service and insurance contracts; provide automotive maintenance and repair services, and sell vehicle part.
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