Asbury Automotive Group Inc (NYSE:ABG) will be issuing its quarterly earnings data before the market opens on Monday, July 24th. Analysts expect the company to announce earnings of $1.68 per share for the quarter.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings results on Thursday, April 27th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.49 by $0.09. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Asbury Automotive Group had a net margin of 2.61% and a return on equity of 52.23%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 EPS. On average, analysts expect Asbury Automotive Group to post $6.53 EPS for the current fiscal year and $6.74 EPS for the next fiscal year.

Shares of Asbury Automotive Group Inc (NYSE ABG) opened at 57.00 on Monday. The stock has a market cap of $1.20 billion, a PE ratio of 7.29 and a beta of 1.44. The firm has a 50-day moving average of $55.90 and a 200 day moving average of $60.99. Asbury Automotive Group Inc has a 52 week low of $47.50 and a 52 week high of $71.00.

In other Asbury Automotive Group news, SVP George Karolis sold 2,743 shares of Asbury Automotive Group stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $55.98, for a total transaction of $153,553.14. Following the transaction, the senior vice president now directly owns 5,083 shares of the company’s stock, valued at $284,546.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David W. Hult sold 12,500 shares of Asbury Automotive Group stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $57.34, for a total transaction of $716,750.00. Following the transaction, the chief operating officer now directly owns 41,911 shares in the company, valued at $2,403,176.74. The disclosure for this sale can be found here. Insiders have sold 16,919 shares of company stock worth $969,522 over the last 90 days. 11.90% of the stock is currently owned by company insiders.

Several analysts have recently issued reports on the stock. BidaskClub upgraded shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Zacks Investment Research lowered shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Monday, July 3rd. ValuEngine lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Jefferies Group LLC reiterated a “neutral” rating on shares of Asbury Automotive Group in a research report on Friday, June 2nd. Finally, Morgan Stanley dropped their target price on shares of Asbury Automotive Group from $56.00 to $53.00 and set an “underweight” rating on the stock in a research report on Friday, June 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $62.00.

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Asbury Automotive Group Company Profile

Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.

Earnings History for Asbury Automotive Group (NYSE:ABG)

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