Group 1 Automotive, Inc. (GPI) to Issue Quarterly Dividend of $0.55 on June 15th

Group 1 Automotive, Inc. (NYSE:GPI) declared a quarterly dividend on Tuesday, May 12th. Investors of record on Monday, June 1st will be paid a dividend of 0.55 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, June 1st.

Group 1 Automotive has raised its dividend payment by an average of 0.3%per year 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 analysts expect Group 1 Automotive to earn $47.67 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 4.6%.

Group 1 Automotive Trading Down 2.5%

NYSE:GPI opened at $327.82 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.95 and a debt-to-equity ratio of 1.00. Group 1 Automotive has a 1-year low of $292.44 and a 1-year high of $488.39. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 0.77 and a beta of 0.87. The stock has a fifty day simple moving average of $330.28 and a 200 day simple moving average of $365.64.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings results on Thursday, April 30th. The company reported $8.66 earnings per share for the quarter, missing analysts’ consensus estimates of $8.82 by ($0.16). Group 1 Automotive had a net margin of 1.46% and a return on equity of 16.63%. The company had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the business earned $10.17 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Sell-side analysts forecast that Group 1 Automotive will post 42.28 earnings per share for the current year.

Group 1 Automotive Company Profile

Group 1 Automotive, Inc (NYSE: GPI) is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.

Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.