Penske Automotive Group (PAG) Expected to Announce Earnings on Wednesday

Penske Automotive Group (NYSE:PAG - Get Free Report) is anticipated to issue its Q1 2025 quarterly 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 issued its quarterly earnings results on Thursday, February 13th. The company reported $3.54 earnings per share (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 Trading Down 0.3 %

Shares of PAG stock traded down $0.54 during trading hours on Friday, hitting $157.58. 145,993 shares of the company were exchanged, compared to its average volume of 195,476. The company has a 50 day simple moving average of $154.45 and a two-hundred day simple moving average of $158.07. The firm has a market cap of $10.52 billion, a P/E ratio of 11.46 and a beta of 1.03. 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 has a fifty-two week low of $134.05 and a fifty-two week high of $180.12.

Penske Automotive Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, February 24th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.10%. This is a boost from Penske Automotive Group's previous quarterly dividend of $1.19. The ex-dividend date of this dividend was Monday, February 24th. Penske Automotive Group's dividend payout ratio (DPR) is presently 35.49%.

Analysts Set New Price Targets

Several analysts have recently commented on PAG shares. Stephens restated an "equal weight" rating and issued a $165.00 target price on shares of Penske Automotive Group in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lowered their target price on Penske Automotive Group from $165.00 to $140.00 and set an "underweight" rating on the stock in a research report on Thursday, March 27th. StockNews.com upgraded shares of Penske Automotive Group from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Citigroup assumed coverage on shares of Penske Automotive Group in a report on Wednesday. They issued a "buy" rating and a $185.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $170.00.

Insider Activity

In related news, Director John Barr sold 1,529 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $155.45, for a total transaction of $237,683.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Claude H. Denker III sold 8,746 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $173.03, for a total transaction of $1,513,320.38. Following the completion of the transaction, the executive vice president now directly owns 28,917 shares of the company's stock, valued at approximately $5,003,508.51. This trade represents a 23.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 51.70% of the stock is currently owned by corporate 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.