Analysts expect Asbury Automotive Group, Inc. (NYSE:ABG) to report earnings of $2.06 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Asbury Automotive Group’s earnings, with estimates ranging from $1.98 to $2.18. Asbury Automotive Group posted earnings per share of $1.81 in the same quarter last year, which suggests a positive year over year growth rate of 13.8%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, February 6th.

According to Zacks, analysts expect that Asbury Automotive Group will report full year earnings of $8.29 per share for the current year, with EPS estimates ranging from $8.20 to $8.40. For the next year, analysts expect that the business will post earnings of $8.47 per share, with EPS estimates ranging from $8.25 to $8.88. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Asbury Automotive Group.

Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings results on Tuesday, October 23rd. The company reported $2.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.33. Asbury Automotive Group had a return on equity of 37.83% and a net margin of 2.52%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the business earned $1.48 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis.

ABG has been the subject of a number of recent research reports. ValuEngine raised Asbury Automotive Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Morgan Stanley raised their price target on Asbury Automotive Group from $71.00 to $81.00 and gave the stock a “sell” rating in a research note on Wednesday, November 14th. Zacks Investment Research raised Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Thursday, January 17th. Finally, Buckingham Research raised their price target on Asbury Automotive Group from $70.00 to $74.00 and gave the stock a “hold” rating in a research note on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $74.00.

Shares of ABG traded down $0.77 during midday trading on Wednesday, reaching $69.75. 904 shares of the stock were exchanged, compared to its average volume of 190,236. Asbury Automotive Group has a 12-month low of $58.60 and a 12-month high of $77.75. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.21 and a quick ratio of 0.36. The company has a market capitalization of $1.42 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 0.54 and a beta of 1.29.

Hedge funds have recently modified their holdings of the stock. First Hawaiian Bank bought a new position in shares of Asbury Automotive Group in the 3rd quarter valued at approximately $273,000. Rafferty Asset Management LLC bought a new position in shares of Asbury Automotive Group in the 3rd quarter valued at approximately $278,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Asbury Automotive Group by 25.1% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,859 shares of the company’s stock valued at $334,000 after acquiring an additional 975 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Asbury Automotive Group in the 2nd quarter valued at approximately $415,000. Finally, Commonwealth Bank of Australia acquired a new stake in Asbury Automotive Group in the 3rd quarter valued at approximately $426,000.

About Asbury Automotive Group

Asbury Automotive Group, Inc operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection insurance, prepaid maintenance, and credit life and disability insurance.

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