Penske Automotive Group (PAG) to Release Quarterly Earnings on Wednesday

Penske Automotive Group (NYSE:PAG - Get Free Report) is anticipated to release its Q1 2025 earnings data before the market opens on Wednesday, April 30th. Analysts expect the company to announce earnings of $3.19 per share and revenue of $7.68 billion for the quarter.

Penske Automotive Group (NYSE:PAG - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $3.54 EPS for the quarter, beating the consensus estimate of $3.37 by $0.17. The firm had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.56 billion. Penske Automotive Group had a return on equity of 18.05% and a net margin of 3.02%. On average, analysts expect Penske Automotive Group to post $14 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Penske Automotive Group Stock Down 0.6 %

NYSE PAG traded down $0.93 during trading on Monday, reaching $156.37. 30,368 shares of the company's stock were exchanged, compared to its average volume of 194,745. The company has a 50 day moving average price of $154.45 and a two-hundred day moving average price of $158.14. The stock has a market cap of $10.44 billion, a P/E ratio of 11.35 and a beta of 1.03. Penske Automotive Group has a 1 year low of $134.05 and a 1 year high of $180.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.20 and a current ratio of 0.91.

Penske Automotive Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Monday, February 24th were paid a dividend of $1.22 per share. This is a boost from Penske Automotive Group's previous quarterly dividend of $1.19. The ex-dividend date was Monday, February 24th. This represents a $4.88 annualized dividend and a yield of 3.12%. Penske Automotive Group's payout ratio is presently 35.49%.

Analysts Set New Price Targets

A number of research firms have weighed in on PAG. JPMorgan Chase & Co. cut their price objective on shares of Penske Automotive Group from $165.00 to $140.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. Citigroup began coverage on shares of Penske Automotive Group in a research note on Wednesday, April 23rd. They set a "buy" rating and a $185.00 price target on the stock. Stephens restated an "equal weight" rating and issued a $165.00 price objective on shares of Penske Automotive Group in a research note on Tuesday, February 18th. Finally, StockNews.com upgraded Penske Automotive Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $170.00.

Insiders Place Their Bets

In other news, EVP Claude H. Denker III sold 8,746 shares of Penske Automotive Group stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $173.03, for a total value of $1,513,320.38. Following the sale, the executive vice president now owns 28,917 shares of the company's stock, valued at $5,003,508.51. The trade was a 23.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Barr sold 1,529 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $155.45, for a total transaction of $237,683.05. The disclosure for this sale can be found here. 51.70% of the stock is currently owned by insiders.

About Penske Automotive Group

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.