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 1.3 %

Shares of NYSE:PAG traded down $2.22 during mid-day trading on Friday, reaching $173.68. 35,939 shares of the company were exchanged, compared to its average volume of 173,154. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.91 and a quick ratio of 0.20. The firm has a market cap of $11.60 billion, a price-to-earnings ratio of 13.31 and a beta of 1.20. The firm’s 50-day simple moving average is $160.03 and its 200 day simple moving average is $160.25. Penske Automotive Group has a 1 year low of $142.32 and a 1 year high of $180.12.

Wall Street Analyst Weigh In

Separately, Benchmark initiated 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.