What is Seaport Res Ptn's Estimate for PAG FY2025 Earnings?

Penske Automotive Group, Inc. (NYSE:PAG - Free Report) - Research analysts at Seaport Res Ptn lifted their FY2025 earnings per share (EPS) estimates for Penske Automotive Group in a report issued on Sunday, April 20th. Seaport Res Ptn analyst G. Chin now anticipates that the company will post earnings per share of $13.78 for the year, up from their previous forecast of $13.60. The consensus estimate for Penske Automotive Group's current full-year earnings is $13.86 per share.

PAG has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their price target on shares of Penske Automotive Group from $165.00 to $140.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. Stephens reissued an "equal weight" rating and issued a $165.00 target price on shares of Penske Automotive Group in a report on Tuesday, February 18th. Finally, StockNews.com cut Penske Automotive Group from a "buy" rating to a "hold" rating in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $166.25.

Penske Automotive Group Stock Up 2.5 %

Shares of NYSE:PAG opened at $154.76 on Wednesday. The firm has a 50 day simple moving average of $155.86 and a 200-day simple moving average of $158.08. Penske Automotive Group has a twelve month low of $134.05 and a twelve month high of $180.12. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $10.33 billion, a PE ratio of 11.26 and a beta of 1.03.

Penske Automotive Group (NYSE:PAG - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $3.54 earnings per share for the quarter, topping analysts' consensus estimates of $3.37 by $0.17. Penske Automotive Group had a return on equity of 18.05% and a net margin of 3.02%. The business had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.56 billion.

Penske Automotive Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, February 24th were given 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 of this dividend was Monday, February 24th. This represents a $4.88 annualized dividend and a yield of 3.15%. Penske Automotive Group's payout ratio is presently 35.49%.

Insiders Place Their Bets

In other Penske Automotive Group news, EVP Claude H. Denker III sold 8,746 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were 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 in the company, valued at approximately $5,003,508.51. This trade represents a 23.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Barr sold 1,529 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were 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 company insiders.

Hedge Funds Weigh In On Penske Automotive Group

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in Penske Automotive Group by 44.8% during the 4th quarter. GAMMA Investing LLC now owns 262 shares of the company's stock worth $40,000 after purchasing an additional 81 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Penske Automotive Group during the 4th quarter worth about $40,000. UMB Bank n.a. grew its holdings in shares of Penske Automotive Group by 421.5% during the first quarter. UMB Bank n.a. now owns 339 shares of the company's stock worth $49,000 after buying an additional 274 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Penske Automotive Group in the fourth quarter valued at approximately $76,000. Finally, Fifth Third Bancorp lifted its stake in shares of Penske Automotive Group by 31.0% during the first quarter. Fifth Third Bancorp now owns 528 shares of the company's stock valued at $76,000 after buying an additional 125 shares during the period. Hedge funds and other institutional investors own 77.08% of the company's stock.

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.

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