Q3 2016 Earnings Estimate for Autobytel Inc. Issued By B. Riley (ABTL)
Autobytel Inc. (NASDAQ:ABTL) – Research analysts at B. Riley boosted their Q3 2016 earnings per share estimates for shares of Autobytel in a research report issued to clients and investors on Wednesday. B. Riley analyst S. Sinha now expects that the firm will post earnings per share of $0.41 for the quarter, up from their prior estimate of $0.36. B. Riley has a “Buy” rating and a $28.00 price objective on the stock. B. Riley also issued estimates for Autobytel’s Q4 2016 earnings at $0.38 EPS, Q1 2017 earnings at $0.24 EPS, Q2 2017 earnings at $0.24 EPS, Q3 2017 earnings at $0.49 EPS and Q4 2017 earnings at $0.36 EPS.
Autobytel (NASDAQ:ABTL) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. The business had revenue of $36.10 million for the quarter, compared to analysts’ expectations of $34.24 million. Autobytel had a net margin of 1.85% and a return on equity of 12.16%. The firm’s revenue was up 18.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Autobytel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 5th. Barrington Research increased their price objective on shares of Autobytel from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Monday.
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Autobytel (NASDAQ:ABTL) traded down 0.75% during midday trading on Friday, reaching $17.10. 45,285 shares of the company traded hands. The stock has a market capitalization of $184.42 million, a P/E ratio of 77.38 and a beta of 1.34. Autobytel has a 12-month low of $12.33 and a 12-month high of $25.00. The company has a 50 day moving average of $16.94 and a 200-day moving average of $15.81.
Large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its stake in Autobytel by 96.4% in the second quarter. Acrospire Investment Management LLC now owns 8,558 shares of the company’s stock valued at $119,000 after buying an additional 4,200 shares during the period. Stanley Laman Group Ltd. purchased a new stake in Autobytel during the second quarter valued at $145,000. Highbridge Capital Management LLC purchased a new stake in Autobytel during the second quarter valued at $152,000. Thompson Davis & CO. Inc. boosted its stake in Autobytel by 97.5% in the second quarter. Thompson Davis & CO. Inc. now owns 11,354 shares of the company’s stock valued at $157,000 after buying an additional 5,605 shares during the period. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Autobytel during the second quarter valued at $188,000. Institutional investors own 66.48% of the company’s stock.
Autobytel Inc is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers through the programs for online lead referrals, dealer marketing products and services, and online advertising programs and mobile products.
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