Penske Automotive Group (NYSE:PAG – Get Free Report) is set to announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $3.38 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Penske Automotive Group (NYSE:PAG – Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $3.45 earnings per share for the quarter, missing analysts’ consensus estimates of $3.66 by ($0.21). Penske Automotive Group had a return on equity of 24.19% and a net margin of 3.57%. The business had revenue of $7.27 billion for the quarter, compared to analysts’ expectations of $7.18 billion. During the same period in the prior year, the company earned $4.21 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts expect Penske Automotive Group to post $14 EPS for the current fiscal year and $14 EPS for the next fiscal year.
Penske Automotive Group Price Performance
PAG opened at $149.10 on Tuesday. The stock has a market capitalization of $10.00 billion, a PE ratio of 9.63 and a beta of 1.19. Penske Automotive Group has a 1 year low of $133.72 and a 1 year high of $180.84. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.25 and a current ratio of 1.00. The company’s 50 day simple moving average is $153.11 and its 200 day simple moving average is $152.82.
Analyst Upgrades and Downgrades
View Our Latest Research Report on Penske Automotive Group
Insiders Place Their Bets
In other Penske Automotive Group news, Director Greg C. Smith sold 1,604 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $149.38, for a total value of $239,605.52. Following the transaction, the director now owns 51,001 shares of the company’s stock, valued at $7,618,529.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director John Barr sold 1,600 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $154.05, for a total value of $246,480.00. Following the completion of the sale, the director now owns 716 shares in the company, valued at $110,299.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greg C. Smith sold 1,604 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $149.38, for a total value of $239,605.52. Following the completion of the sale, the director now directly owns 51,001 shares of the company’s stock, valued at approximately $7,618,529.38. The disclosure for this sale can be found here. 52.20% of the stock is owned by company insiders.
About Penske Automotive Group
Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. 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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