Asbury Automotive Group (ABG) Set to Announce Earnings on Thursday

Asbury Automotive Group (NYSE:ABG) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Asbury Automotive Group to post earnings of $7.76 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings data on Thursday, February 8th. The company reported $7.12 earnings per share for the quarter, missing analysts’ consensus estimates of $7.74 by ($0.62). The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.70 billion. Asbury Automotive Group had a net margin of 4.07% and a return on equity of 21.68%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $9.12 earnings per share. On average, analysts expect Asbury Automotive Group to post $31 EPS for the current fiscal year and $32 EPS for the next fiscal year.

Asbury Automotive Group Stock Performance

NYSE ABG opened at $222.41 on Wednesday. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 7.77 and a beta of 1.18. Asbury Automotive Group has a twelve month low of $178.40 and a twelve month high of $256.39. The stock has a fifty day simple moving average of $216.86 and a 200 day simple moving average of $213.08. The company has a quick ratio of 0.45, a current ratio of 1.06 and a debt-to-equity ratio of 0.96.

Insiders Place Their Bets

In other Asbury Automotive Group news, SVP Jed Milstein sold 3,955 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $209.00, for a total transaction of $826,595.00. Following the completion of the sale, the senior vice president now directly owns 8,300 shares in the company, valued at approximately $1,734,700. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum downgraded Asbury Automotive Group from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a report on Thursday, February 8th.

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.