Lithia Motors (LAD) Receiving Somewhat Favorable Media Coverage, Report Shows
Media coverage about Lithia Motors (NYSE:LAD) has trended somewhat positive this week, according to Alpha One. Alpha One, a unit of Accern, identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lithia Motors earned a daily sentiment score of 0.11 on Alpha One’s scale. Alpha One also assigned news articles about the company an impact score of 62 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected AlphaOne’s scoring:
- Lithia Motors Inc (LAD) Expected to Announce Earnings of $2.20 Per Share (americanbankingnews.com)
- Can Lithia Motors Inc (LAD)’s Tomorrow be Different? The Stock Formed a Bearish H&S – KL Daily (kldaily.com)
- Lithia Motors Inc (LAD) Draws Bearish Attention After Forming H&S Chart Pattern – WeeklyHub (weeklyhub.com)
- Lithia Motors, Inc. breached its 50 day moving average in a Bearish Manner : LAD-US : June 19, 2017 (finance.yahoo.com)
- Lithia Motors, Inc. (LAD) Forecasted to Post Q2 2017 Earnings of $2.20 Per Share (americanbankingnews.com)
A number of research analysts have recently commented on the stock. Bank of America Corporation cut shares of Lithia Motors from a “neutral” rating to an “underperform” rating and set a $92.00 target price for the company. in a report on Friday. Morgan Stanley dropped their target price on shares of Lithia Motors from $115.00 to $106.00 and set an “overweight” rating for the company in a report on Friday, June 9th. Zacks Investment Research cut shares of Lithia Motors from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Seaport Global Securities initiated coverage on shares of Lithia Motors in a report on Wednesday, June 14th. They issued a “neutral” rating for the company. Finally, Jefferies Group LLC set a $115.00 price objective on Lithia Motors and gave the company a “buy” rating in a research note on Thursday, March 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $105.83.
Lithia Motors (NYSE:LAD) traded up 1.35% during mid-day trading on Monday, reaching $89.77. 254,111 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $92.01 and a 200-day moving average of $94.44. Lithia Motors has a one year low of $68.70 and a one year high of $105.32. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 10.96 and a beta of 1.65.
Lithia Motors (NYSE:LAD) last announced its quarterly earnings data on Wednesday, April 19th. The company reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.01. Lithia Motors had a return on equity of 21.87% and a net margin of 2.27%. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. On average, equities research analysts anticipate that Lithia Motors will post $8.29 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Friday, May 12th were given a $0.27 dividend. The ex-dividend date was Wednesday, May 10th. This represents a $1.08 annualized dividend and a yield of 1.20%. This is an increase from Lithia Motors’s previous quarterly dividend of $0.25. Lithia Motors’s payout ratio is presently 13.19%.
In other Lithia Motors news, CEO Bryan B. Deboer sold 316 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $97.19, for a total value of $30,712.04. Following the completion of the sale, the chief executive officer now owns 113,867 shares in the company, valued at $11,066,733.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bryan B. Deboer sold 4,687 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $95.00, for a total value of $445,265.00. Following the completion of the sale, the chief executive officer now owns 121,649 shares of the company’s stock, valued at approximately $11,556,655. The disclosure for this sale can be found here. Insiders sold 86,300 shares of company stock valued at $8,311,241 in the last quarter. Corporate insiders own 7.85% of the company’s stock.
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Lithia Motors Company Profile
Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com.
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