Equities research analysts expect Autobytel Inc. (NASDAQ:ABTL) to announce earnings per share (EPS) of $0.18 for the current quarter, Zacks reports. Two analysts have provided estimates for Autobytel’s earnings, with estimates ranging from $0.17 to $0.18. Autobytel reported earnings of $0.49 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 63.3%. The business is scheduled to announce its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Autobytel will report full year earnings of $0.78 per share for the current financial year. For the next financial year, analysts forecast that the business will report earnings of $0.95 per share, with EPS estimates ranging from $0.94 to $0.95. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Autobytel.
Autobytel (NASDAQ:ABTL) last released its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The business had revenue of $34.60 million during the quarter, compared to analysts’ expectations of $34.30 million. Autobytel had a net margin of 3.15% and a return on equity of 10.96%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS.
A number of research analysts have commented on the stock. ValuEngine upgraded shares of Autobytel from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research downgraded shares of Autobytel from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. B. Riley reiterated a “buy” rating and set a $12.00 price objective on shares of Autobytel in a research note on Friday, August 4th. Finally, Barrington Research downgraded shares of Autobytel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 4th.
Institutional investors have recently bought and sold shares of the company. Globeflex Capital L P bought a new position in shares of Autobytel in the 1st quarter worth about $102,000. JPMorgan Chase & Co. lifted its position in shares of Autobytel by 24.9% in the 1st quarter. JPMorgan Chase & Co. now owns 8,706 shares of the information services provider’s stock worth $109,000 after buying an additional 1,734 shares during the last quarter. Salem Investment Counselors Inc. bought a new position in shares of Autobytel in the 1st quarter worth about $130,000. Citigroup Inc. lifted its position in shares of Autobytel by 32.4% in the 2nd quarter. Citigroup Inc. now owns 11,679 shares of the information services provider’s stock worth $147,000 after buying an additional 2,860 shares during the last quarter. Finally, Hancock Holding Co. lifted its position in shares of Autobytel by 5.6% in the 2nd quarter. Hancock Holding Co. now owns 14,870 shares of the information services provider’s stock worth $188,000 after buying an additional 790 shares during the last quarter. Institutional investors own 58.59% of the company’s stock.
Autobytel (NASDAQ:ABTL) traded up 0.29% during midday trading on Thursday, hitting $7.02. 53,794 shares of the stock traded hands. The company’s 50-day moving average is $7.54 and its 200-day moving average is $10.95. The company has a market cap of $89.32 million, a PE ratio of 18.97 and a beta of 0.97. Autobytel has a one year low of $6.63 and a one year high of $17.85.
Autobytel declared that its board has initiated a share buyback program on Wednesday, September 6th that allows the company to repurchase $3.00 million in outstanding shares. This repurchase authorization allows the information services provider to repurchase up to 34% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
Autobytel Company Profile
Autobytel Inc is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers through the programs for online lead referrals, dealer marketing products and services, and online advertising programs and mobile products.
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