Equities research analysts expect Penske Automotive Group, Inc. (NYSE:PAG – Get Rating) to report $4.23 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Penske Automotive Group’s earnings. The highest EPS estimate is $4.37 and the lowest is $4.08. Penske Automotive Group posted earnings of $4.47 per share during the same quarter last year, which would indicate a negative year over year growth rate of 5.4%. The firm is scheduled to issue its next earnings results on Monday, January 1st.
On average, analysts expect that Penske Automotive Group will report full year earnings of $15.79 per share for the current year, with EPS estimates ranging from $14.43 to $17.25. For the next financial year, analysts anticipate that the business will report earnings of $13.83 per share, with EPS estimates ranging from $12.35 to $16.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Penske Automotive Group.
Penske Automotive Group (NYSE:PAG – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $4.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.99. Penske Automotive Group had a net margin of 5.13% and a return on equity of 35.33%. The company had revenue of $6.98 billion during the quarter, compared to analyst estimates of $6.32 billion. During the same quarter last year, the business posted $2.26 EPS. Penske Automotive Group’s quarterly revenue was up 20.8% compared to the same quarter last year.
Shares of NYSE PAG traded up $6.92 during mid-day trading on Monday, reaching $115.94. 642,159 shares of the company were exchanged, compared to its average volume of 329,918. The company has a quick ratio of 0.26, a current ratio of 0.97 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $8.80 billion, a PE ratio of 6.66, a PEG ratio of 3.50 and a beta of 1.25. The company’s 50 day moving average price is $101.66 and its 200 day moving average price is $102.42. Penske Automotive Group has a 52 week low of $72.35 and a 52 week high of $116.72.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Monday, May 23rd will be given a dividend of $0.50 per share. This is an increase from Penske Automotive Group’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, May 20th. This represents a $2.00 dividend on an annualized basis and a yield of 1.73%. Penske Automotive Group’s dividend payout ratio is 10.79%.
Several large investors have recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in shares of Penske Automotive Group by 13.9% during the 1st quarter. American Century Companies Inc. now owns 1,921,865 shares of the company’s stock valued at $180,117,000 after acquiring an additional 234,447 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in Penske Automotive Group by 1.3% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,746,133 shares of the company’s stock worth $187,220,000 after purchasing an additional 22,594 shares in the last quarter. BlackRock Inc. lifted its holdings in Penske Automotive Group by 13.9% in the 4th quarter. BlackRock Inc. now owns 1,619,163 shares of the company’s stock worth $173,607,000 after purchasing an additional 197,894 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Penske Automotive Group by 38.6% in the 3rd quarter. Goldman Sachs Group Inc. now owns 613,082 shares of the company’s stock worth $61,676,000 after purchasing an additional 170,646 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Penske Automotive Group by 14.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 608,203 shares of the company’s stock worth $61,185,000 after purchasing an additional 78,590 shares in the last quarter. Institutional investors own 50.13% of the company’s stock.
Penske Automotive Group Company Profile (Get Rating)
Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships. 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.
- Get a free copy of the StockNews.com research report on Penske Automotive Group (PAG)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Penske Automotive Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penske Automotive Group and related companies with MarketBeat.com's FREE daily email newsletter.