Lithia Motors, Inc. (NYSE:LAD) declared a quarterly dividend on Wednesday, July 21st, Zacks reports. Shareholders of record on Friday, August 13th will be given a dividend of 0.35 per share on Friday, August 27th. This represents a $1.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Thursday, August 12th.
Lithia Motors has increased its dividend by 15.1% over the last three years and has raised its dividend every year for the last 7 years.
NYSE:LAD opened at $371.13 on Thursday. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 0.71 and a beta of 1.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 1.26. The company has a 50-day moving average price of $344.10. Lithia Motors has a 12-month low of $189.20 and a 12-month high of $417.98.
Lithia Motors (NYSE:LAD) last released its earnings results on Tuesday, July 20th. The company reported $11.12 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $6.17 by $4.95. Lithia Motors had a net margin of 3.96% and a return on equity of 25.27%. The company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same period in the prior year, the firm earned $3.72 EPS. The firm's quarterly revenue was up 117.8% on a year-over-year basis. As a group, equities analysts predict that Lithia Motors will post 24.72 earnings per share for the current year.
A number of research analysts have recently commented on the stock. Guggenheim upped their price objective on shares of Lithia Motors from $462.00 to $465.00 and gave the company a "buy" rating in a research note on Thursday, April 22nd. Morgan Stanley upped their price objective on shares of Lithia Motors from $310.00 to $320.00 and gave the company an "underweight" rating in a research note on Friday, April 23rd. Bank of America upped their price objective on shares of Lithia Motors from $460.00 to $467.00 and gave the company a "buy" rating in a research note on Friday, July 16th. Craig Hallum upped their price objective on shares of Lithia Motors from $500.00 to $520.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Zacks Investment Research raised shares of Lithia Motors from a "hold" rating to a "strong-buy" rating and set a $449.00 target price for the company in a research report on Monday, April 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Lithia Motors presently has a consensus rating of "Buy" and a consensus target price of $373.17.
Lithia Motors Company Profile
Lithia Motors, Inc operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells vehicle body and parts.
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