Brokerages Expect Group 1 Automotive, Inc. (NYSE: GPI) to Post EPS of $ 8.92


Wall Street brokers expect Group 1 Automotive, Inc. (NYSE: GPI) to report earnings per share (EPS) of $ 8.92 for the current quarter, according to Zacks. Two analysts have made estimates for Group 1 Automotive’s earnings, with estimates ranging from $ 8.75 to $ 9.02. Group 1 Automotive reported earnings of $ 5.66 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 57.6%. The company is expected to report its next results on Thursday, February 3.

On average, analysts predict Group 1 Automotive will report annual earnings of $ 34.38 per share for the current fiscal year, with EPS estimates ranging from $ 34.25 to $ 34.54. For the next fiscal year, analysts expect the company to report earnings of $ 34.00 per share, with EPS estimates ranging from $ 30.57 to $ 36.54. Zacks Investment Research earnings per share averages are an average based on a survey of selling analysts who track Group 1 Automotive.

Group 1 Automotive (NYSE: GPI) last released its results on Wednesday, October 27. The company reported earnings per share (EPS) of $ 9.62 for the quarter, beating Zacks’ consensus estimate of $ 9.09 by $ 0.53. Group 1 Automotive posted a return on equity of 33.92% and a net margin of 4.23%. The company posted revenue of $ 3.51 billion for the quarter, compared to $ 3.41 billion expected by analysts. In the same quarter of last year, the company made a profit of $ 6.97 per share. The company’s revenue increased 15.4% compared to the same quarter last year.

Several research companies have recently weighed in on GPI. Morgan Stanley lowered its price target for the Group 1 automobile from $ 206.00 to $ 200.00 and set a rating of “equal weight” to the stock in a report released on Wednesday, November 17. Zacks Investment Research downgraded Group 1 Automotive from a “strong buy” rating to a “conservation” rating and set a price target of $ 201.00 for the stock. in a report on Monday, October 11. Three equity research analysts rated the stock with a conservation rating and three gave the stock a buy rating. According to data from MarketBeat.com, Group 1 Automotive currently has an average rating of “Buy” and an average price target of $ 229.20.

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Meanwhile, CEO Earl J. Hesterberg sold 13,000 shares of the company in a trade on Friday, November 19. The stock was sold for an average price of $ 189.30, for a total trade of $ 2,460,900.00. The sale was disclosed in a file with the Securities & Exchange Commission, accessible through this link. In addition, director Lincoln Pereira sold 5,000 shares in a transaction dated Thursday, December 9. The shares were sold for an average price of $ 201.06, for a total value of $ 1,005,300.00. Disclosure of this sale can be found here. Insiders have sold a total of 39,576 shares of the company valued at $ 7,892,837 in the past 90 days. Company insiders own 5.20% of the company’s shares.

Large investors have recently changed their positions in the company. Alliancebernstein LP increased its stake in Group 1 Automotive by 5.2% in the second quarter. Alliancebernstein LP now owns 28,464 shares of the company valued at $ 4,396,000 after acquiring an additional 1,410 shares during the period. Kendall Capital Management increased its position in shares of Group 1 Automotive by 18.1% in the second quarter. Kendall Capital Management now owns 2,125 shares of the company valued at $ 328,000 after purchasing an additional 325 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Group 1 Automotive by 11.6% in the second quarter. Exchange Traded Concepts LLC now owns 3,959 shares of the company valued at $ 611,000 after purchasing an additional 410 shares in the last quarter. Islay Capital Management LLC acquired a new position in Group 1 Automotive during the second quarter valued at approximately $ 100,000. Finally, Advisor Group Holdings Inc. increased its position in Group 1 Automotive by 19.2% during the second quarter. Advisor Group Holdings Inc. now owns 2,267 shares of the company valued at $ 349,000 after purchasing an additional 365 shares in the last quarter. Institutional investors and hedge funds hold 97.14% of the company’s shares.

NYSE: GPI opened at $ 202.57 on Friday. Group 1 Automotive has a 52-week low of $ 115.19 and a 52-week high of $ 212.23. The company has a leverage ratio of 0.67, a current ratio of 1.50, and a quick ratio of 0.69. The stock has a market cap of $ 3.67 billion, a PE ratio of 6.61, a price / earnings-growth ratio of 0.48, and a beta of 1.71. The company’s 50-day simple moving average is $ 195.21 and its 200-day simple moving average is $ 176.12.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 15. Shareholders of record on Wednesday, December 1 will receive a dividend of $ 0.35. This is a boost from Group 1 Automotive’s previous quarterly dividend of $ 0.34. The ex-dividend date is Tuesday, November 30. This represents an annualized dividend of $ 1.40 and a return of 0.69%. Group 1 Automotive’s payout ratio is currently 4.57%.

Group 1 Automotive Company Profile

Group 1 Automotive, Inc is engaged in the automotive retail industry. The company operates in the following geographic segments: United States, United Kingdom and Brazil. It also sells new and used cars and light trucks, arranges financing for related vehicles, sells service contracts, provides auto maintenance and repair services, and sells vehicle parts.

See also: Outperform the note

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