Group 1 Automotive, Inc. (GPI) To Go Ex-Dividend on December 1st

Group 1 Automotive, Inc. (NYSE:GPI) declared a quarterly dividend on Tuesday, November 10th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.55 per share on Tuesday, December 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 1st.

Group 1 Automotive has increased its dividend payment by an average of 0.3% annually over the last three years and has increased its dividend every year for the last 2 years. Group 1 Automotive has a dividend payout ratio of 5.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Group 1 Automotive to earn $40.11 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 5.5%.

Group 1 Automotive Stock Performance

NYSE GPI opened at $269.63 on Thursday. The company has a market cap of $3.22 billion, a PE ratio of 7.31, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. The stock’s 50 day simple moving average is $255.15 and its 200-day simple moving average is $302.19. Group 1 Automotive has a 1-year low of $224.65 and a 1-year high of $429.00. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.32 and a quick ratio of 0.57.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $9.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.50 by ($0.14). Group 1 Automotive had a return on equity of 14.91% and a net margin of 1.75%. The firm had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.58 billion. During the same period in the prior year, the firm earned $10.45 earnings per share. The business’s revenue was down 6.7% on a year-over-year basis. As a group, equities research analysts anticipate that Group 1 Automotive will post 37.14 EPS for the current fiscal year.

Group 1 Automotive Company Profile

Group 1 Automotive, Inc. is an international automotive retailer headquartered in Houston, Texas. Founded in 1997, the company operates franchised dealerships and collision centers in the United States and the United Kingdom. Its dealerships sell new and used vehicles from a range of manufacturers and provide related services, including vehicle maintenance and repair, parts sales, collision repair, and automotive financing and insurance products. Group 1’s business also includes manufacturer-authorized service operations and parts departments that support customers throughout vehicle ownership.