Asbury Automotive Group (ABG) Expected to Announce Quarterly Earnings on Thursday

Asbury Automotive Group (NYSE:ABG) will likely be posting its quarterly earnings results 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

Asbury Automotive Group (NYSE:ABG) last posted its earnings results on Tuesday, October 29th. The company reported $6.35 earnings per share for the quarter, missing the consensus estimate of $6.58 by ($0.23). The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business 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 Down 0.3 %

ABG 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. The company’s 50 day simple moving average is $251.25 and its 200-day simple moving average is $241.32. Asbury Automotive Group has a 12 month low of $195.09 and a 12 month high of $277.13. The firm has a market capitalization of $5.02 billion, a PE ratio of 14.50 and a beta of 1.19.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Bank of America decreased their target price on shares of Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Craig Hallum lifted 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. JPMorgan Chase & Co. reduced their target price 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. StockNews.com upgraded Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Finally, 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. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Asbury Automotive Group currently has an average rating of “Hold” and an average price target of $255.20.

About Asbury Automotive Group

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.