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

Penske Automotive Group (NYSE:PAG - Get Free Report) is anticipated to announce its earnings results before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $3.23 per share and revenue of $7.60 billion for the quarter.

Penske Automotive Group (NYSE:PAG - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $3.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.41 by ($0.02). Penske Automotive Group had a return on equity of 18.38% and a net margin of 2.91%. The firm had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same period in the previous year, the company earned $3.90 EPS. Penske Automotive Group's revenue for the quarter was up 1.9% on a year-over-year basis. 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 1.5 %

Shares of NYSE:PAG traded down $2.46 during midday trading on Friday, hitting $165.69. 169,506 shares of the stock were exchanged, compared to its average volume of 146,528. The business's 50-day moving average price is $160.11 and its 200 day moving average price is $159.74. Penske Automotive Group has a 12 month low of $142.32 and a 12 month high of $179.72. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.20 and a current ratio of 0.91. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 12.70 and a beta of 1.20.

Wall Street Analysts Forecast Growth

Separately, Benchmark assumed coverage on shares of Penske Automotive Group in a research report on Thursday, December 12th. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Penske Automotive Group has a consensus rating of "Hold" and an average price target of $170.25.

Penske Automotive Group Company Profile

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.