Group 1 Automotive, Inc. (GPI) Declares Quarterly Dividend of $0.26

Group 1 Automotive, Inc. (NYSE:GPI) announced a quarterly dividend on Thursday, February 15th, RTT News reports. Shareholders of record on Thursday, March 1st will be given a dividend of 0.26 per share on Thursday, March 15th. This represents a $1.04 annualized dividend and a yield of 1.36%. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.25.

Group 1 Automotive has raised its dividend payment by an average of 11.5% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Group 1 Automotive has a dividend payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Group 1 Automotive to earn $9.04 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 11.1%.

Shares of Group 1 Automotive (GPI) opened at $76.25 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 0.79. The company has a market cap of $1,596.55, a PE ratio of 9.89, a PEG ratio of 1.24 and a beta of 1.70. Group 1 Automotive has a 52-week low of $51.62 and a 52-week high of $84.47.

Group 1 Automotive (NYSE:GPI) last posted its earnings results on Thursday, February 8th. The company reported $2.11 EPS for the quarter, topping the consensus estimate of $1.87 by $0.24. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.85 billion. Group 1 Automotive had a net margin of 1.89% and a return on equity of 15.85%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.74 earnings per share. research analysts anticipate that Group 1 Automotive will post 8.79 EPS for the current year.

Several equities research analysts have recently commented on GPI shares. Bank of America boosted their target price on shares of Group 1 Automotive from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Buckingham Research raised shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Friday, January 5th. Zacks Investment Research raised shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Wells Fargo & Co boosted their target price on shares of Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $86.00.

In related news, CEO Earl J. Hesterberg sold 28,519 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $80.06, for a total transaction of $2,283,231.14. Following the transaction, the chief executive officer now directly owns 108,440 shares in the company, valued at $8,681,706.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Earl J. Hesterberg sold 10,640 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $74.44, for a total transaction of $792,041.60. Following the transaction, the chief executive officer now owns 165,010 shares in the company, valued at $12,283,344.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 167,398 shares of company stock worth $12,974,458. 6.08% of the stock is owned by corporate insiders.

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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.

Dividend History for Group 1 Automotive (NYSE:GPI)

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