Lithia Motors Inc (NYSE:LAD) Expected to Announce Earnings of $3.14 Per Share

Analysts forecast that Lithia Motors Inc (NYSE:LAD) will announce earnings per share (EPS) of $3.14 for the current quarter, according to Zacks. Three analysts have issued estimates for Lithia Motors’ earnings, with the lowest EPS estimate coming in at $3.10 and the highest estimate coming in at $3.23. Lithia Motors reported earnings of $2.83 per share during the same quarter last year, which would indicate a positive year over year growth rate of 11%. The business is expected to announce its next quarterly earnings results on Wednesday, October 23rd.

According to Zacks, analysts expect that Lithia Motors will report full year earnings of $11.19 per share for the current financial year, with EPS estimates ranging from $10.71 to $11.46. For the next financial year, analysts expect that the company will report earnings of $12.39 per share, with EPS estimates ranging from $11.05 to $13.74. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Lithia Motors.

Lithia Motors (NYSE:LAD) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.08. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.19 billion. Lithia Motors had a net margin of 2.24% and a return on equity of 20.74%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.52 earnings per share.

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Lithia Motors from $129.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Bank of America downgraded Lithia Motors from a “buy” rating to a “neutral” rating and increased their price target for the company from $102.00 to $115.00 in a report on Friday, April 26th. They noted that the move was a valuation call. Craig Hallum increased their price target on Lithia Motors from $125.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Buckingham Research downgraded Lithia Motors from a “buy” rating to a “neutral” rating and increased their price target for the company from $120.00 to $125.00 in a report on Monday, July 8th. They noted that the move was a valuation call. Finally, Stephens upgraded Lithia Motors from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $106.00 to $132.00 in a report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $124.44.

LAD traded up $2.72 during midday trading on Tuesday, hitting $131.54. 216,348 shares of the company’s stock traded hands, compared to its average volume of 257,372. The stock has a market capitalization of $2.98 billion, a P/E ratio of 13.18, a PEG ratio of 1.03 and a beta of 1.11. The company’s fifty day moving average price is $124.22. The company has a current ratio of 1.16, a quick ratio of 0.23 and a debt-to-equity ratio of 1.23. Lithia Motors has a one year low of $67.90 and a one year high of $139.18.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be paid a $0.30 dividend. The ex-dividend date is Thursday, August 8th. This represents a $1.20 annualized dividend and a dividend yield of 0.91%. Lithia Motors’s payout ratio is 12.02%.

In other news, Director Susan O. Cain sold 723 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $134.78, for a total value of $97,445.94. Following the sale, the director now owns 11,651 shares in the company, valued at $1,570,321.78. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 5.21% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC boosted its stake in Lithia Motors by 290.5% during the second quarter. Advisory Services Network LLC now owns 246 shares of the company’s stock worth $29,000 after buying an additional 183 shares in the last quarter. Advisors Preferred LLC bought a new position in shares of Lithia Motors during the second quarter valued at $37,000. Versant Capital Management Inc lifted its holdings in shares of Lithia Motors by 100.5% during the first quarter. Versant Capital Management Inc now owns 393 shares of the company’s stock valued at $36,000 after acquiring an additional 197 shares during the period. MUFG Americas Holdings Corp bought a new position in shares of Lithia Motors during the second quarter valued at $59,000. Finally, Quantamental Technologies LLC bought a new position in shares of Lithia Motors during the first quarter valued at $47,000.

Lithia Motors Company Profile

Lithia Motors, Inc operates automotive franchises, and retails new and used vehicles in the United States. The company operates in three segments: Domestic, Import, and Luxury. It sells new and used cars, replacement parts, vehicle service contracts, vehicle protection products, and credit insurance products; provides vehicle maintenance, warranty, paint, and repair services; and arranges related financing.

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Earnings History and Estimates for Lithia Motors (NYSE:LAD)

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