Autobytel Inc. (ABTL) Scheduled to Post Earnings on Wednesday
Autobytel Inc. (NASDAQ:ABTL) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, August 2nd. Analysts expect Autobytel to post earnings of $0.21 per share for the quarter. Autobytel has set its FY17 guidance at $1.24-1.28 EPS.
Autobytel (NASDAQ:ABTL) last posted its quarterly earnings results on Thursday, May 4th. The information services provider reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.07. Autobytel had a net margin of 3.19% and a return on equity of 11.95%. The business had revenue of $37.34 million for the quarter, compared to analysts’ expectations of $35.05 million. During the same period in the prior year, the company posted $0.21 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts expect Autobytel to post $1.26 EPS for the current fiscal year and $1.43 EPS for the next fiscal year.
Autobytel Inc. (NASDAQ ABTL) opened at 11.99 on Wednesday. The stock’s 50 day moving average is $12.63 and its 200-day moving average is $12.80. The firm has a market capitalization of $132.74 million, a PE ratio of 33.40 and a beta of 0.93. Autobytel Inc. has a 1-year low of $10.72 and a 1-year high of $18.39.
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A number of research analysts have recently commented on the company. B. Riley reissued a “buy” rating and set a $20.00 price target on shares of Autobytel in a report on Wednesday, May 10th. ValuEngine lowered Autobytel from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered Autobytel from a “buy” rating to a “hold” rating in a report on Monday, July 10th.
In related news, EVP John J. Skocilic, Jr. sold 4,774 shares of Autobytel stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $12.66, for a total transaction of $60,438.84. Following the transaction, the executive vice president now directly owns 11,083 shares of the company’s stock, valued at $140,310.78. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Glenn Evan Fuller sold 13,907 shares of Autobytel stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $13.75, for a total value of $191,221.25. Following the transaction, the chief accounting officer now directly owns 20,607 shares in the company, valued at $283,346.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,778 shares of company stock worth $1,060,935. 12.80% of the stock is owned by corporate insiders.
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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