Asbury Automotive Group (ABG) Earning Positive News Coverage, Report Shows

News articles about Asbury Automotive Group (NYSE:ABG) have trended positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Asbury Automotive Group earned a media sentiment score of 0.47 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.1542969896912 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of equities analysts recently commented on ABG shares. Zacks Investment Research cut shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. Craig Hallum lifted their price target on shares of Asbury Automotive Group from $55.00 to $67.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $63.40.

Asbury Automotive Group (NYSE:ABG) opened at $68.80 on Tuesday. Asbury Automotive Group has a 52 week low of $49.10 and a 52 week high of $76.40. The company has a market cap of $1,430.00, a PE ratio of 10.36, a P/E/G ratio of 0.91 and a beta of 1.58. The company has a current ratio of 1.25, a quick ratio of 0.38 and a debt-to-equity ratio of 2.60.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. Asbury Automotive Group had a net margin of 2.15% and a return on equity of 42.06%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the business posted $1.56 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. analysts predict that Asbury Automotive Group will post 7.03 earnings per share for the current year.

In related news, Director Juanita T. James sold 1,500 shares of Asbury Automotive Group stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $66.16, for a total transaction of $99,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig T. Monaghan sold 15,000 shares of Asbury Automotive Group stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $68.57, for a total transaction of $1,028,550.00. Following the sale, the director now owns 86,112 shares of the company’s stock, valued at approximately $5,904,699.84. The disclosure for this sale can be found here. Insiders have sold a total of 45,075 shares of company stock valued at $3,090,893 in the last quarter. 11.90% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY NOTICE: “Asbury Automotive Group (ABG) Earning Positive News Coverage, Report Shows” was first published by BBNS and is the sole property of of BBNS. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://baseballnewssource.com/markets/asbury-automotive-group-abg-earning-positive-news-coverage-report-shows/1891695.html.

About Asbury Automotive Group

Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.

Insider Buying and Selling by Quarter for Asbury Automotive Group (NYSE:ABG)

Receive News & Ratings for Asbury Automotive Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asbury Automotive Group and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped


Leave a Reply

 
© 2006-2018 BBNS.