Latest Stocks: Analysts Expect Group 1 Automotive, Inc. (GPI) to Post $2.10 EPS

Latest Stocks: Analysts Expect Group 1 Automotive, Inc. (GPI) to Post $2.10 EPS

Equities analysts predict that Group 1 Automotive, Inc. (NYSE:GPI) will report earnings per share (EPS) of $2.10 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Group 1 Automotive’s earnings. The lowest EPS estimate is $1.97 and the highest is $2.18. Group 1 Automotive reported earnings per share of $2.16 during the same quarter last year, which indicates a negative year over year growth rate of 2.8%. The company is scheduled to announce its next earnings report on Thursday, July 27th.

According to Zacks, analysts expect that Group 1 Automotive will report full-year earnings of $7.62 per share for the current financial year, with EPS estimates ranging from $7.38 to $7.82. For the next fiscal year, analysts anticipate that the firm will post earnings of $8.40 per share, with EPS estimates ranging from $7.66 to $9.85. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Group 1 Automotive.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings results on Friday, April 28th. The company reported $1.53 EPS for the quarter, missing the Zacks’ consensus estimate of $1.71 by $0.18. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.60 billion. Group 1 Automotive had a return on equity of 17.88% and a net margin of 1.31%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 EPS. GPI has been the topic of a number of research reports. CL King downgraded Group 1 Automotive from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 10th. Zacks Investment Research raised Group 1 Automotive from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research note on Tuesday, April 4th. Finally, Susquehanna Bancshares Inc initiated coverage on Group 1 Automotive in a research note on Wednesday, February 1st. They set a “neutral” rating and a $72.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Group 1 Automotive has a consensus rating of “Hold” and a consensus target price of $69.33.

Several hedge funds have recently modified their holdings of GPI. State Street Corp increased its stake in shares of Group 1 Automotive by 0.3% in the fourth quarter. State Street Corp now owns 554,464 shares of the company’s stock worth $43,219,000 after buying an additional 1,661 shares during the last quarter. Northern Trust Corp increased its stake in shares of Group 1 Automotive by 3.3% in the third quarter. Northern Trust Corp now owns 632,025 shares of the company’s stock worth $40,374,000 after buying an additional 20,139 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Group 1 Automotive by 3.2% in the third quarter. Teachers Advisors LLC now owns 220,483 shares of the company’s stock worth $14,084,000 after buying an additional 6,794 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Group 1 Automotive by 4.4% in the third quarter. BlackRock Fund Advisors now owns 1,444,951 shares of the company’s stock worth $92,303,000 after buying an additional 60,385 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Group 1 Automotive by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 282,928 shares of the company’s stock worth $18,074,000 after buying an additional 4,419 shares during the last quarter. 98.55% of the stock is owned by institutional investors. Group 1 Automotive (NYSE:GPI) traded up 0.95% during midday trading on Tuesday, hitting $64.87. The stock had a trading volume of 160,315 shares. Group 1 Automotive has a 52 week low of $47.31 and a 52 week high of $83.18. The company’s 50 day moving average price is $70.36 and its 200-day moving average price is $73.22.

About Group 1 Automotive Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.

Get a free copy of the Zacks research report on Group 1 Automotive (GPI) For more information about research offerings from Zacks Investment Research, visit Zacks.com

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