Lithia Motors, Inc. (LAD) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Lithia Motors, Inc. (NYSE:LAD) issued its quarterly earnings results on Wednesday. The company reported $1.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.87 by $0.01. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.22 billion. Lithia Motors had a return on equity of 22.67% and a net margin of 2.31%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the company earned $1.74 EPS. Lithia Motors updated its FY17 guidance to $8.00-8.30 EPS.
Lithia Motors (NYSE:LAD) opened at 98.49 on Friday. The company’s 50-day moving average is $100.44 and its 200 day moving average is $91.93. The firm has a market cap of $2.48 billion, a P/E ratio of 13.14 and a beta of 1.71. Lithia Motors has a 12 month low of $68.70 and a 12 month high of $105.32.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 8th. This represents a $1.00 annualized dividend and a yield of 1.02%. Lithia Motors’s dividend payout ratio (DPR) is 13.33%.
LAD has been the topic of several research reports. Stephens set a $114.00 price target on shares of Lithia Motors and gave the stock a “buy” rating in a research report on Friday, October 21st. Zacks Investment Research upgraded shares of Lithia Motors from a “sell” rating to a “hold” rating in a research report on Wednesday, December 21st. Susquehanna Bancshares Inc initiated coverage on shares of Lithia Motors in a research report on Wednesday, February 1st. They set a “neutral” rating and a $104.00 price target on the stock. Finally, KeyCorp initiated coverage on shares of Lithia Motors in a research report on Wednesday, November 16th. They set an “overweight” rating on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $110.00.
In other news, Director Sidney B. Deboer sold 52,800 shares of Lithia Motors stock in a transaction on Friday, January 13th. The stock was sold at an average price of $101.56, for a total transaction of $5,362,368.00. Following the completion of the sale, the director now owns 56,477 shares of the company’s stock, valued at $5,735,804.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sidney B. Deboer sold 8,800 shares of Lithia Motors stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $104.50, for a total value of $919,600.00. Following the sale, the director now directly owns 30,077 shares of the company’s stock, valued at approximately $3,143,046.50. The disclosure for this sale can be found here. Insiders have sold 62,350 shares of company stock valued at $6,353,001 in the last three months. Insiders own 11.41% of the company’s stock.
Large investors have recently bought and sold shares of the company. Tyers Asset Management LLC purchased a new stake in Lithia Motors during the fourth quarter worth $103,000. Bank of Montreal Can increased its stake in Lithia Motors by 32.5% in the third quarter. Bank of Montreal Can now owns 1,118 shares of the company’s stock worth $107,000 after buying an additional 274 shares in the last quarter. Flinton Capital Management LLC purchased a new stake in Lithia Motors during the fourth quarter worth $125,000. Strs Ohio increased its stake in Lithia Motors by 180.0% in the third quarter. Strs Ohio now owns 1,400 shares of the company’s stock worth $133,000 after buying an additional 900 shares in the last quarter. Finally, Brighton Jones LLC purchased a new stake in Lithia Motors during the third quarter worth $202,000. 97.16% of the stock is owned by institutional investors.
“Lithia Motors, Inc. (LAD) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS” was posted by Daily Political and is the property of of Daily Political. If you are reading this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The original version of this story can be accessed at http://www.dailypolitical.com/2017/02/17/lithia-motors-inc-lad-posts-quarterly-earnings-results-misses-estimates-by-0-01-eps.html.
Lithia Motors Company Profile
Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and services. The Company operates in three segments: Domestic, Import and Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles of Chrysler, General Motors and Ford.
Receive News & Ratings for Lithia Motors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithia Motors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.