FY2017 Earnings Estimate for Lithia Motors, Inc. (LAD) Issued By Seaport Global Securities
Lithia Motors, Inc. (NYSE:LAD) – Stock analysts at Seaport Global Securities issued their FY2017 earnings per share (EPS) estimates for Lithia Motors in a report issued on Wednesday. Seaport Global Securities analyst M. Ward forecasts that the company will post earnings of $8.30 per share for the year. Seaport Global Securities also issued estimates for Lithia Motors’ Q4 2017 earnings at $2.04 EPS, Q1 2018 earnings at $1.99 EPS, Q2 2018 earnings at $2.62 EPS, Q3 2018 earnings at $2.41 EPS, Q4 2018 earnings at $2.18 EPS and FY2018 earnings at $9.20 EPS.
Other equities research analysts have also issued research reports about the stock. KeyCorp reaffirmed a “buy” rating and issued a $130.00 price objective (up previously from $119.00) on shares of Lithia Motors in a research note on Wednesday, October 4th. Jefferies Group LLC reissued a “buy” rating and set a $125.00 target price on shares of Lithia Motors in a research report on Thursday, August 3rd. Zacks Investment Research lowered shares of Lithia Motors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Berenberg Bank assumed coverage on shares of Lithia Motors in a research report on Wednesday, October 4th. They set a “hold” rating and a $126.00 target price for the company. Finally, Morgan Stanley reissued an “overweight” rating and set a $116.00 target price (up previously from $106.00) on shares of Lithia Motors in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Lithia Motors currently has a consensus rating of “Hold” and a consensus target price of $116.29.
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Shares of Lithia Motors (NYSE:LAD) opened at $113.03 on Monday. The company has a quick ratio of 0.26, a current ratio of 1.21 and a debt-to-equity ratio of 0.96. Lithia Motors has a 52 week low of $80.88 and a 52 week high of $123.50. The stock has a market cap of $2,842.97, a price-to-earnings ratio of 14.06, a P/E/G ratio of 0.97 and a beta of 1.72.
Lithia Motors (NYSE:LAD) last released its quarterly earnings data on Wednesday, October 25th. The company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.19). Lithia Motors had a net margin of 2.14% and a return on equity of 21.02%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the firm posted $2.06 EPS. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Lithia Motors by 2.8% during the second quarter. Vanguard Group Inc. now owns 2,097,189 shares of the company’s stock valued at $197,618,000 after buying an additional 56,888 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Lithia Motors by 1.0% during the second quarter. Alliancebernstein L.P. now owns 1,187,168 shares of the company’s stock valued at $111,867,000 after buying an additional 11,661 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Lithia Motors by 23.7% during the third quarter. Victory Capital Management Inc. now owns 1,182,723 shares of the company’s stock valued at $142,294,000 after buying an additional 226,940 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Lithia Motors by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 977,749 shares of the company’s stock valued at $117,631,000 after buying an additional 42,944 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Lithia Motors by 5.8% during the second quarter. Goldman Sachs Group Inc. now owns 723,495 shares of the company’s stock valued at $68,175,000 after buying an additional 39,692 shares during the last quarter. 98.47% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Bryan B. Deboer sold 20,820 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $104.13, for a total transaction of $2,167,986.60. Following the completion of the transaction, the chief executive officer now owns 101,004 shares of the company’s stock, valued at $10,517,546.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sidney B. Deboer sold 65,711 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $121.77, for a total transaction of $8,001,628.47. Following the transaction, the director now directly owns 1,421 shares of the company’s stock, valued at approximately $173,035.17. The disclosure for this sale can be found here. Insiders have sold 145,581 shares of company stock valued at $16,905,722 in the last ninety days. 7.85% of the stock is owned by company insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, November 9th. Lithia Motors’s dividend payout ratio is currently 13.12%.
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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