Equities analysts predict that Autobytel Inc. (NASDAQ:ABTL) will announce earnings of $0.12 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Autobytel’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.11. Autobytel reported earnings of $0.17 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 29.4%. The business is scheduled to issue its next quarterly earnings results after the market closes on Thursday, August 3rd.

According to Zacks, analysts expect that Autobytel will report full year earnings of $0.97 per share for the current year, with EPS estimates ranging from $0.94 to $1.00. For the next year, analysts expect that the firm will report earnings of $1.24 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Autobytel.

Autobytel (NASDAQ:ABTL) last issued its quarterly earnings results on Thursday, May 4th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.07. The company had revenue of $37.34 million for the quarter, compared to the consensus estimate of $35.05 million. Autobytel had a return on equity of 11.95% and a net margin of 3.19%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share.

ABTL has been the topic of several recent analyst reports. ValuEngine lowered shares of Autobytel from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Autobytel from a “sell” rating to a “hold” rating and set a $14.00 price objective on the stock in a research note on Wednesday, May 10th. Finally, B. Riley restated a “buy” rating and set a $20.00 price objective on shares of Autobytel in a research note on Wednesday, May 10th.

Shares of Autobytel (NASDAQ ABTL) traded down 0.99% during midday trading on Friday, hitting $11.96. The stock had a trading volume of 25,970 shares. The firm has a market capitalization of $132.41 million, a PE ratio of 33.31 and a beta of 0.93. Autobytel has a 1-year low of $10.72 and a 1-year high of $18.39. The company’s 50 day moving average price is $12.67 and its 200-day moving average price is $12.83.

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In related news, CAO Glenn Evan Fuller sold 13,907 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $13.75, for a total value of $191,221.25. Following the transaction, the chief accounting officer now owns 20,607 shares in the company, valued at approximately $283,346.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William Ferriolo sold 13,488 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $13.72, for a total transaction of $185,055.36. Following the completion of the transaction, the executive vice president now owns 164,253 shares in the company, valued at approximately $2,253,551.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,778 shares of company stock worth $1,060,935. 12.80% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Globeflex Capital L P bought a new position in shares of Autobytel during the first quarter worth approximately $102,000. JPMorgan Chase & Co. raised its position in shares of Autobytel by 24.9% in the first quarter. JPMorgan Chase & Co. now owns 8,706 shares of the information services provider’s stock worth $109,000 after buying an additional 1,734 shares during the period. Stoneridge Investment Partners LLC bought a new position in shares of Autobytel during the first quarter worth approximately $129,000. Salem Investment Counselors Inc. bought a new position in shares of Autobytel during the first quarter worth approximately $130,000. Finally, Acadian Asset Management LLC bought a new position in shares of Autobytel during the first quarter worth approximately $151,000. Institutional investors and hedge funds own 64.87% of the company’s stock.

Autobytel Company Profile

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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