Group 1 Automotive (NYSE:GPI - Get Free Report) will post its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect Group 1 Automotive to post earnings of $9.58 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.
Group 1 Automotive (NYSE:GPI - Get Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $9.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.44 by ($0.94). The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.41 billion. Group 1 Automotive had a return on equity of 24.36% and a net margin of 3.34%. The business's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.86 earnings per share. On average, analysts expect Group 1 Automotive to post $39 EPS for the current fiscal year and $40 EPS for the next fiscal year.
Group 1 Automotive Stock Performance
Shares of NYSE GPI traded down $3.88 during midday trading on Wednesday, hitting $265.76. 158,996 shares of the company's stock were exchanged, compared to its average volume of 134,636. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.11 and a quick ratio of 0.33. The stock's 50 day moving average price is $272.31 and its 200-day moving average price is $273.68. The firm has a market cap of $3.59 billion, a P/E ratio of 6.23, a PEG ratio of 1.37 and a beta of 1.42. Group 1 Automotive has a twelve month low of $214.25 and a twelve month high of $310.08.
Group 1 Automotive Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from Group 1 Automotive's previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a dividend yield of 0.71%. Group 1 Automotive's payout ratio is currently 4.41%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of GPI. Federated Hermes Inc. increased its holdings in shares of Group 1 Automotive by 54.6% in the third quarter. Federated Hermes Inc. now owns 252 shares of the company's stock valued at $36,000 after buying an additional 89 shares in the last quarter. Amundi purchased a new position in Group 1 Automotive during the 4th quarter worth approximately $41,000. Benjamin Edwards Inc. grew its position in Group 1 Automotive by 85.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 459 shares of the company's stock worth $118,000 after purchasing an additional 212 shares in the last quarter. Cetera Investment Advisers purchased a new position in Group 1 Automotive during the 1st quarter worth approximately $202,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Group 1 Automotive during the 1st quarter worth approximately $204,000. Institutional investors own 99.92% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on GPI shares. Morgan Stanley raised Group 1 Automotive from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $200.00 to $255.00 in a report on Thursday, February 29th. Guggenheim raised Group 1 Automotive from a "neutral" rating to a "buy" rating and set a $305.00 target price on the stock in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on Group 1 Automotive from $325.00 to $315.00 and set an "overweight" rating on the stock in a report on Wednesday. Stephens reissued an "overweight" rating and set a $330.00 target price on shares of Group 1 Automotive in a report on Tuesday, February 13th. Finally, StockNews.com cut Group 1 Automotive from a "buy" rating to a "hold" rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $331.67.
Get Our Latest Stock Report on GPI
About Group 1 Automotive
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Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.
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