$2.80 EPS Expected for Group 1 Automotive, Inc. (NYSE:GPI) This Quarter

Brokerages predict that Group 1 Automotive, Inc. (NYSE:GPI) will post earnings of $2.80 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Group 1 Automotive’s earnings. The lowest EPS estimate is $2.70 and the highest is $2.95. Group 1 Automotive posted earnings of $2.47 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.4%. The business is expected to issue its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Group 1 Automotive will report full-year earnings of $10.28 per share for the current year, with EPS estimates ranging from $10.10 to $10.73. For the next fiscal year, analysts anticipate that the company will post earnings of $10.79 per share, with EPS estimates ranging from $10.00 to $12.21. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Group 1 Automotive.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings results on Thursday, July 25th. The company reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.09. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Group 1 Automotive had a return on equity of 15.90% and a net margin of 1.31%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.45 EPS.

A number of brokerages recently issued reports on GPI. ValuEngine cut Group 1 Automotive from a “hold” rating to a “sell” rating in a report on Friday, August 16th. Buckingham Research cut Group 1 Automotive from a “buy” rating to a “neutral” rating and increased their target price for the stock from $72.00 to $83.00 in a report on Friday, April 26th. Finally, Morgan Stanley increased their target price on Group 1 Automotive from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $83.80.

Shares of Group 1 Automotive stock traded down $0.05 on Thursday, reaching $77.06. 117,892 shares of the company’s stock were exchanged, compared to its average volume of 166,152. Group 1 Automotive has a 52 week low of $48.69 and a 52 week high of $89.85. The firm’s 50-day moving average is $82.09 and its two-hundred day moving average is $73.05. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.24 and a current ratio of 1.01. The company has a market capitalization of $1.47 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 1.29 and a beta of 1.76.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a $0.28 dividend. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, August 30th. Group 1 Automotive’s dividend payout ratio is presently 11.67%.

In other news, VP Peter C. Delongchamps sold 10,200 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $87.00, for a total transaction of $887,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daryl Kenningham sold 9,000 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $87.05, for a total value of $783,450.00. The disclosure for this sale can be found here. Insiders sold a total of 24,200 shares of company stock valued at $2,063,100 over the last three months. 6.00% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Norges Bank bought a new stake in Group 1 Automotive in the fourth quarter worth $14,039,000. Foundry Partners LLC lifted its holdings in shares of Group 1 Automotive by 9.0% during the first quarter. Foundry Partners LLC now owns 158,217 shares of the company’s stock valued at $10,237,000 after purchasing an additional 13,035 shares in the last quarter. Investors Research Corp bought a new position in shares of Group 1 Automotive during the first quarter valued at $84,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Group 1 Automotive by 376.4% during the first quarter. BNP Paribas Arbitrage SA now owns 4,855 shares of the company’s stock valued at $314,000 after purchasing an additional 3,836 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Group 1 Automotive during the first quarter valued at $319,000. 99.96% of the stock is owned by hedge funds and other institutional investors.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

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Earnings History and Estimates for Group 1 Automotive (NYSE:GPI)

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