Equities analysts forecast that Penske Automotive Group, Inc. (NYSE:PAG) will report earnings of $1.89 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Penske Automotive Group’s earnings, with the lowest EPS estimate coming in at $1.26 and the highest estimate coming in at $2.43. Penske Automotive Group posted earnings per share of $0.56 during the same quarter last year, which would suggest a positive year-over-year growth rate of 237.5%. The company is expected to issue its next earnings results on Wednesday, August 4th.

On average, analysts expect that Penske Automotive Group will report full year earnings of $8.02 per share for the current fiscal year, with EPS estimates ranging from $7.25 to $9.30. For the next year, analysts anticipate that the business will report earnings of $8.33 per share, with EPS estimates ranging from $7.71 to $9.00. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Penske Automotive Group.

Penske Automotive Group (NYSE:PAG) last posted its quarterly earnings data on Tuesday, April 27th. The company reported $2.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.45. The company had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.42 billion. Penske Automotive Group had a net margin of 2.17% and a return on equity of 15.09%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS.

Several brokerages recently issued reports on PAG. Morgan Stanley increased their target price on shares of Penske Automotive Group from $76.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, February 25th. Truist increased their target price on shares of Penske Automotive Group from $65.00 to $75.00 in a research note on Friday, January 15th. Finally, Stephens raised their price objective on shares of Penske Automotive Group from $70.00 to $78.00 in a research note on Thursday, February 11th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Penske Automotive Group currently has a consensus rating of “Buy” and an average price target of $67.67.

NYSE PAG traded up $0.46 on Thursday, hitting $90.74. 8,993 shares of the company were exchanged, compared to its average volume of 286,122. The company has a market cap of $7.29 billion, a PE ratio of 16.36, a PEG ratio of 1.34 and a beta of 1.61. Penske Automotive Group has a 12 month low of $29.65 and a 12 month high of $91.43. The stock has a fifty day moving average of $83.92 and a 200-day moving average of $67.16. The company has a current ratio of 1.06, a quick ratio of 0.28 and a debt-to-equity ratio of 0.72.

In related news, EVP Claude H. Denker III sold 15,000 shares of the firm’s stock in a transaction dated Thursday, April 29th. The shares were sold at an average price of $90.30, for a total transaction of $1,354,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 44.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Founders Capital Management purchased a new stake in Penske Automotive Group during the fourth quarter worth about $30,000. Fieldpoint Private Securities LLC purchased a new stake in Penske Automotive Group during the first quarter worth about $67,000. Bessemer Group Inc. purchased a new position in shares of Penske Automotive Group in the fourth quarter worth about $101,000. Great West Life Assurance Co. Can increased its stake in shares of Penske Automotive Group by 16.8% in the third quarter. Great West Life Assurance Co. Can now owns 2,870 shares of the company’s stock worth $137,000 after purchasing an additional 413 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of Penske Automotive Group in the first quarter worth about $144,000. Institutional investors and hedge funds own 38.14% of the company’s stock.

Penske Automotive Group Company Profile

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.

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Earnings History and Estimates for Penske Automotive Group (NYSE:PAG)

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