Penske Automotive Group (NYSE:PAG) Posts Earnings Results, Beats Expectations By $0.17 EPS

Penske Automotive Group (NYSE:PAG) announced its quarterly earnings results on Thursday. The company reported $3.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.37 by $0.17, Zacks reports. Penske Automotive Group had a net margin of 2.91% and a return on equity of 18.38%.

Penske Automotive Group Trading Down 1.0 %

Penske Automotive Group stock traded down $1.72 during trading on Friday, hitting $174.17. The company had a trading volume of 324,947 shares, compared to its average volume of 153,292. Penske Automotive Group has a 1-year low of $142.32 and a 1-year high of $180.12. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.22. The company’s 50 day simple moving average is $160.49 and its 200-day simple moving average is $160.44. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of 13.35 and a beta of 1.20.

Penske Automotive Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, February 24th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from Penske Automotive Group’s previous quarterly dividend of $1.19. Penske Automotive Group’s dividend payout ratio (DPR) is 36.48%.

Wall Street Analyst Weigh In

Separately, Benchmark assumed coverage on shares of Penske Automotive Group in a report on Thursday, December 12th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Penske Automotive Group presently has an average rating of “Hold” and an average price target of $170.25.

Penske Automotive Group Company Profile

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.