Asbury Automotive Group (ABG) Scheduled to Post Quarterly Earnings on Friday

Asbury Automotive Group (NYSE:ABG) will be announcing its earnings results before the market opens on Friday, August 2nd. Analysts expect the company to announce earnings of $7.56 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Asbury Automotive Group Price Performance

Shares of ABG opened at $257.42 on Wednesday. Asbury Automotive Group has a fifty-two week low of $178.40 and a fifty-two week high of $259.67. The firm’s 50 day moving average price is $235.90 and its 200 day moving average price is $223.62. The company has a market cap of $5.19 billion, a P/E ratio of 9.38 and a beta of 1.17. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 0.93.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. downgraded shares of Asbury Automotive Group from an “overweight” rating to a “neutral” rating and set a $230.00 price objective on the stock. in a research report on Monday, June 10th.

Asbury Automotive Group Company Profile

Asbury Automotive Group, Inc, together with its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services.