Asbury Automotive Group (ABG) to Release Quarterly Earnings on Thursday

Asbury Automotive Group (NYSE:ABG) is projected to release its earnings data before the market opens on Thursday, January 30th. Analysts expect Asbury Automotive Group to post earnings of $6.05 per share and revenue of $4,115,190.17 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $6.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.58 by ($0.23). The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.30 billion. Asbury Automotive Group had a net margin of 2.16% and a return on equity of 16.51%. The business’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company posted $8.12 earnings per share. On average, analysts expect Asbury Automotive Group to post $25 EPS for the current fiscal year and $27 EPS for the next fiscal year.

Asbury Automotive Group Stock Performance

Asbury Automotive Group stock opened at $256.17 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41. Asbury Automotive Group has a 12 month low of $195.09 and a 12 month high of $277.13. The company has a fifty day moving average price of $251.25 and a two-hundred day moving average price of $241.32. The company has a market cap of $5.02 billion, a PE ratio of 14.50 and a beta of 1.19.

Wall Street Analyst Weigh In

Several research firms have recently commented on ABG. Seaport Res Ptn lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Morgan Stanley upgraded Asbury Automotive Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $190.00 to $240.00 in a research note on Wednesday, September 25th. JPMorgan Chase & Co. dropped their price target on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Craig Hallum boosted their price objective on Asbury Automotive Group from $240.00 to $260.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Finally, Bank of America lowered their price objective on Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $255.20.

Asbury Automotive Group Company Profile

Asbury Automotive Group, Inc, together with its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services.