Penske Automotive Group, Inc. (NYSE:PAG – Free Report) – Research analysts at Zacks Research raised their Q1 2027 earnings per share estimates for Penske Automotive Group in a research report issued to clients and investors on Tuesday, June 24th. Zacks Research analyst L. Sahu now expects that the company will earn $3.50 per share for the quarter, up from their prior forecast of $3.46. The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.86 per share. Zacks Research also issued estimates for Penske Automotive Group’s FY2027 earnings at $15.06 EPS.
Penske Automotive Group (NYSE:PAG – Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.12. Penske Automotive Group had a return on equity of 17.80% and a net margin of 3.10%. The company had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.68 billion. During the same period in the prior year, the firm earned $3.21 earnings per share. Penske Automotive Group’s revenue for the quarter was up 2.1% on a year-over-year basis.
Penske Automotive Group Price Performance
Shares of NYSE:PAG opened at $173.59 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.90 and a debt-to-equity ratio of 0.18. Penske Automotive Group has a twelve month low of $134.05 and a twelve month high of $180.12. The stock’s 50 day moving average is $163.81 and its 200-day moving average is $159.83. The firm has a market capitalization of $11.49 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 1.67 and a beta of 0.91.
Penske Automotive Group announced that its board has authorized a stock repurchase plan on Wednesday, May 14th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Penske Automotive Group Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 27th were paid a dividend of $1.26 per share. This is an increase from Penske Automotive Group’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $5.04 annualized dividend and a dividend yield of 2.90%. Penske Automotive Group’s dividend payout ratio is presently 35.49%.
Insider Transactions at Penske Automotive Group
In other news, Director Greg C. Smith sold 1,529 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $161.64, for a total transaction of $247,147.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shane M. Spradlin sold 3,158 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $167.10, for a total value of $527,701.80. Following the completion of the transaction, the executive vice president now owns 36,152 shares of the company’s stock, valued at approximately $6,040,999.20. This represents a 8.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,044 shares of company stock worth $13,257,948. 51.70% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC boosted its stake in Penske Automotive Group by 2.9% in the 1st quarter. Voya Investment Management LLC now owns 2,306 shares of the company’s stock worth $332,000 after purchasing an additional 65 shares during the period. Strs Ohio bought a new position in Penske Automotive Group in the 1st quarter worth about $1,763,000. Acadian Asset Management LLC bought a new position in Penske Automotive Group in the 1st quarter worth about $42,000. Bayforest Capital Ltd boosted its stake in Penske Automotive Group by 1,772.7% in the 1st quarter. Bayforest Capital Ltd now owns 1,236 shares of the company’s stock worth $178,000 after purchasing an additional 1,170 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Penske Automotive Group by 4.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 68,884 shares of the company’s stock valued at $9,918,000 after acquiring an additional 3,100 shares in the last quarter. Institutional investors own 77.08% of the company’s stock.
About Penske Automotive Group
Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.
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