Group 1 Automotive, Inc. (GPI) Scheduled to Post Quarterly Earnings on Wednesday
Group 1 Automotive, Inc. (NYSE:GPI) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, October 18th. Analysts expect the company to announce earnings of $1.94 per share for the quarter.
Group 1 Automotive (NYSE:GPI) last posted its earnings results on Thursday, July 27th. The company reported $1.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.99 by ($0.12). Group 1 Automotive had a net margin of 1.26% and a return on equity of 15.73%. The business had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the firm posted $2.16 earnings per share. Group 1 Automotive’s quarterly revenue was down 4.0% on a year-over-year basis. On average, analysts expect Group 1 Automotive to post $7.05 EPS for the current fiscal year and $7.43 EPS for the next fiscal year.
Group 1 Automotive, Inc. (NYSE GPI) opened at 72.05 on Wednesday. The stock’s 50 day moving average price is $65.54 and its 200 day moving average price is $63.72. Group 1 Automotive, Inc. has a 1-year low of $51.62 and a 1-year high of $83.18. The stock has a market capitalization of $1.45 billion, a PE ratio of 11.07 and a beta of 1.62.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Wednesday, August 30th. Group 1 Automotive’s payout ratio is 14.75%.
In other news, CFO John C. Rickel sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $66.99, for a total value of $669,900.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 7.00% of the company’s stock.
GPI has been the topic of several recent analyst reports. BidaskClub upgraded Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Zacks Investment Research downgraded Group 1 Automotive from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. Wells Fargo & Company reiterated a “market perform” rating and issued a $66.00 price target (down from $75.00) on shares of Group 1 Automotive in a report on Monday, July 17th. ValuEngine downgraded Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, TheStreet downgraded Group 1 Automotive from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $73.80.
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About Group 1 Automotive
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.
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