Wall Street brokerages forecast that Group 1 Automotive, Inc. (NYSE:GPI) will announce $2.62 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Group 1 Automotive’s earnings. The lowest sales estimate is $2.60 billion and the highest is $2.65 billion. Group 1 Automotive reported sales of $2.52 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 4%. The company is expected to issue its next quarterly earnings report on Friday, April 27th.
According to Zacks, analysts expect that Group 1 Automotive will report full-year sales of $2.62 billion for the current fiscal year, with estimates ranging from $10.87 billion to $11.45 billion. For the next fiscal year, analysts expect that the business will post sales of $11.39 billion per share, with estimates ranging from $10.75 billion to $11.88 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Group 1 Automotive.
Group 1 Automotive (NYSE:GPI) last released its quarterly earnings data on Thursday, February 8th. The company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.24. Group 1 Automotive had a return on equity of 15.85% and a net margin of 1.89%. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the business posted $1.74 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis.
Group 1 Automotive (NYSE GPI) traded up $0.55 on Thursday, hitting $75.65. The stock had a trading volume of 132,394 shares, compared to its average volume of 257,068. Group 1 Automotive has a fifty-two week low of $51.62 and a fifty-two week high of $84.47. The stock has a market cap of $1,581.99, a P/E ratio of 7.48, a P/E/G ratio of 1.23 and a beta of 1.70. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 1.17.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.37%. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, February 28th. Group 1 Automotive’s dividend payout ratio is presently 9.88%.
In related news, CEO Earl J. Hesterberg sold 4,000 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $72.15, for a total value of $288,600.00. Following the completion of the sale, the chief executive officer now owns 139,065 shares in the company, valued at $10,033,539.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO John C. Rickel sold 10,000 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $81.00, for a total transaction of $810,000.00. Following the completion of the sale, the chief financial officer now owns 123,470 shares of the company’s stock, valued at approximately $10,001,070. The disclosure for this sale can be found here. Insiders have sold 167,398 shares of company stock worth $12,974,458 over the last three months. Company insiders own 6.08% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Group 1 Automotive during the fourth quarter worth about $119,000. Amalgamated Bank acquired a new stake in shares of Group 1 Automotive during the fourth quarter worth approximately $203,000. Trilogy Capital Inc. acquired a new stake in shares of Group 1 Automotive during the fourth quarter worth approximately $206,000. MANA Advisors LLC acquired a new stake in shares of Group 1 Automotive during the fourth quarter worth approximately $213,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Group 1 Automotive during the third quarter worth approximately $215,000. Hedge funds and other institutional investors own 97.57% of the company’s stock.
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Group 1 Automotive Company Profile
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.
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