Brokerages predict that Group 1 Automotive, Inc. (NYSE:GPI) will report earnings per share (EPS) of $2.72 for the current quarter, according to Zacks. Two analysts have issued estimates for Group 1 Automotive’s earnings. The lowest EPS estimate is $2.60 and the highest is $2.82. Group 1 Automotive posted earnings per share of $2.45 in the same quarter last year, which suggests a positive year-over-year growth rate of 11%. The company is scheduled to announce its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Group 1 Automotive will report full-year earnings of $10.03 per share for the current fiscal year, with EPS estimates ranging from $9.65 to $10.42. For the next year, analysts expect that the company will post earnings of $10.28 per share, with EPS estimates ranging from $9.60 to $11.11. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Group 1 Automotive.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.25. Group 1 Automotive had a return on equity of 15.56% and a net margin of 1.38%. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the company posted $1.70 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded Group 1 Automotive from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Tuesday, April 16th. Morgan Stanley increased their price objective on Group 1 Automotive from $55.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. ValuEngine upgraded Group 1 Automotive from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. assumed coverage on Group 1 Automotive in a research note on Tuesday, February 19th. They set an “overweight” rating and a $77.00 price objective for the company. Finally, Buckingham Research lowered Group 1 Automotive from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $72.00 to $83.00 in a research note on Friday, April 26th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $84.00.

In other news, insider Michael David Jones sold 2,500 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $77.76, for a total value of $194,400.00. Following the completion of the sale, the insider now directly owns 13,921 shares in the company, valued at $1,082,496.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.00% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its stake in shares of Group 1 Automotive by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 7,055 shares of the company’s stock valued at $456,000 after buying an additional 127 shares in the last quarter. Pinebridge Investments L.P. increased its stake in shares of Group 1 Automotive by 1.7% in the first quarter. Pinebridge Investments L.P. now owns 22,244 shares of the company’s stock valued at $1,439,000 after buying an additional 379 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Group 1 Automotive by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 55,600 shares of the company’s stock valued at $2,931,000 after buying an additional 500 shares in the last quarter. Cubic Asset Management LLC increased its stake in shares of Group 1 Automotive by 1.0% in the first quarter. Cubic Asset Management LLC now owns 55,105 shares of the company’s stock valued at $3,565,000 after buying an additional 550 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of Group 1 Automotive in the first quarter valued at $37,000. Institutional investors own 99.96% of the company’s stock.

Group 1 Automotive stock traded down $1.92 during mid-day trading on Friday, hitting $75.30. 7,477 shares of the company were exchanged, compared to its average volume of 159,299. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.00 and a quick ratio of 0.23. Group 1 Automotive has a 1-year low of $48.69 and a 1-year high of $81.65. The firm has a market capitalization of $1.42 billion, a P/E ratio of 8.48, a P/E/G ratio of 1.46 and a beta of 1.77.

Group 1 Automotive announced that its Board of Directors has authorized a share buyback plan on Thursday, February 21st that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to purchase up to 6.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.38%. Group 1 Automotive’s dividend payout ratio (DPR) is presently 11.67%.

Group 1 Automotive Company Profile

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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