Asbury Automotive Group (ABG) Projected to Post Earnings on Thursday

Asbury Automotive Group (NYSE:ABG - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $6.05 per share and revenue of $4,115,190.17 billion for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $6.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.58 by ($0.23). Asbury Automotive Group had a net margin of 2.16% and a return on equity of 16.51%. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business posted $8.12 EPS. Asbury Automotive Group's quarterly revenue was up 15.6% on a year-over-year basis. 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 Price Performance

Asbury Automotive Group stock traded up $2.83 during mid-day trading on Thursday, hitting $259.44. 115,413 shares of the company traded hands, compared to its average volume of 182,251. Asbury Automotive Group has a one year low of $195.09 and a one year high of $277.13. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 14.68 and a beta of 1.19. The stock has a fifty day moving average price of $251.25 and a 200-day moving average price of $241.32.

Analyst Ratings Changes

Several equities research analysts have issued reports on ABG shares. Bank of America dropped their price target on Asbury Automotive Group from $310.00 to $305.00 and set a "buy" rating for the company in a research note on Monday, October 14th. JPMorgan Chase & Co. dropped their target price on Asbury Automotive Group from $260.00 to $255.00 and set a "neutral" rating for the company in a research report on Friday, January 17th. Craig Hallum boosted their target price on Asbury Automotive Group from $240.00 to $260.00 and gave the stock a "hold" rating in a research report on Wednesday, October 30th. StockNews.com upgraded shares of 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Asbury Automotive Group has a consensus rating of "Hold" and an average target price of $255.20.

Asbury Automotive Group Company Profile

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.