Autobytel Inc. (AUTO) Expected to Announce Quarterly Sales of $35.35 Million

Equities analysts expect Autobytel Inc. (NASDAQ:AUTO) to post $35.35 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Autobytel’s earnings, with the highest sales estimate coming in at $35.46 million and the lowest estimate coming in at $35.24 million. Autobytel posted sales of $40.38 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 12.5%. The firm is scheduled to issue its next earnings report on Thursday, March 8th.

On average, analysts expect that Autobytel will report full year sales of $35.35 million for the current year, with estimates ranging from $144.05 million to $144.26 million. For the next financial year, analysts anticipate that the company will post sales of $149.25 million per share, with estimates ranging from $148.63 million to $149.87 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Autobytel.

Autobytel (NASDAQ:AUTO) last posted its quarterly earnings data on Thursday, November 2nd. The information services provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. The company had revenue of $36.90 million for the quarter, compared to analyst estimates of $36.84 million. Autobytel had a net margin of 1.51% and a return on equity of 7.47%. The business’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share.

A number of analysts recently issued reports on AUTO shares. Barrington Research lowered shares of Autobytel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 4th. TheStreet lowered shares of Autobytel from a “c” rating to a “d+” rating in a research note on Monday, October 9th. ValuEngine lowered shares of Autobytel from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Autobytel from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, B. Riley restated a “buy” rating and issued a $12.00 price target on shares of Autobytel in a research note on Friday, November 3rd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Autobytel presently has a consensus rating of “Buy” and a consensus target price of $10.25.

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Autobytel (NASDAQ AUTO) traded up $0.15 on Wednesday, hitting $8.48. 48,534 shares of the stock were exchanged, compared to its average volume of 109,007. The stock has a market capitalization of $106.37, a price-to-earnings ratio of 11.71 and a beta of 1.01. Autobytel has a 12 month low of $6.63 and a 12 month high of $15.28. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.99 and a quick ratio of 2.99.

About Autobytel

AutoWeb, Inc, formerly Autobytel Inc, is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers through the programs for online lead referrals, dealer marketing products and services, and online advertising programs and mobile products.

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