The Zacks: Analysts Expect Lithia Motors Inc (LAD) to Post $2.21 Earnings Per Share

The Zacks: Analysts Expect Lithia Motors Inc (LAD) to Post $2.21 Earnings Per Share

According to Zacks, analysts expect that Lithia Motors will report full-year earnings of $8.29 per share for the current year, with EPS estimates ranging from $8.18 to $8.40. For the next year, analysts expect that the company will report earnings of $9.26 per share, with EPS estimates ranging from $8.48 to $10.70. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Lithia Motors.

Brokerages forecast that Lithia Motors Inc (NYSE:LAD) will report $2.21 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Lithia Motors’ earnings, with estimates ranging from $2.08 to $2.29. Lithia Motors posted earnings per share of $1.96 in the same quarter last year, which would suggest a positive year over year growth rate of 12.8%. The business is expected to report its next earnings report on Thursday, July 27th.

Lithia Motors (NYSE:LAD) last released its quarterly earnings results on Wednesday, April 19th. The company reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.01. Lithia Motors had a return on equity of 22.67% and a net margin of 2.31%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the firm posted $1.55 EPS. Lithia Motors’s quarterly revenue was up 12.8% compared to the same quarter last year. A number of equities research analysts have commented on the company. Jefferies Group LLC set a $115.00 target price on Lithia Motors and gave the company a “buy” rating in a research report on Thursday, March 16th. Zacks Investment Research downgraded Lithia Motors from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Susquehanna Bancshares Inc assumed coverage on Lithia Motors in a research report on Wednesday, February 1st. They issued a “neutral” rating and a $104.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $109.25.

In other Lithia Motors news, Director Susan O. Cain sold 1,182 shares of Lithia Motors stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $101.82, for a total value of $120,351.24. Following the sale, the director now owns 12,824 shares in the company, valued at $1,305,739.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bryan B. Deboer sold 4,687 shares of Lithia Motors stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $95.00, for a total value of $445,265.00. Following the completion of the sale, the chief executive officer now owns 121,649 shares in the company, valued at approximately $11,556,655. The disclosure for this sale can be found here. Insiders sold 61,763 shares of company stock worth $5,958,057 in the last 90 days. Company insiders own 11.41% of the company’s stock. Large investors have recently bought and sold shares of the stock. DF Dent & Co. Inc. increased its stake in Lithia Motors by 0.5% in the third quarter. DF Dent & Co. Inc. now owns 2,993 shares of the company’s stock worth $286,000 after buying an additional 16 shares in the last quarter. Capstone Asset Management Co. increased its stake in Lithia Motors by 0.8% in the first quarter. Capstone Asset Management Co. now owns 7,353 shares of the company’s stock valued at $630,000 after buying an additional 55 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Lithia Motors by 1.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,290 shares of the company’s stock valued at $505,000 after buying an additional 100 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Lithia Motors by 4.3% in the first quarter. State of Alaska Department of Revenue now owns 2,640 shares of the company’s stock valued at $226,000 after buying an additional 110 shares in the last quarter. Finally, US Bancorp DE increased its stake in Lithia Motors by 6.2% in the first quarter. US Bancorp DE now owns 2,994 shares of the company’s stock valued at $256,000 after buying an additional 174 shares in the last quarter. Institutional investors own 97.16% of the company’s stock.

In other Lithia Motors news, Director Susan O. Cain sold 1,182 shares of Lithia Motors stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $101.82, for a total value of $120,351.24. Following the sale, the director now owns 12,824 shares in the company, valued at $1,305,739.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bryan B. Deboer sold 4,687 shares of Lithia Motors stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $95.00, for a total value of $445,265.00. Following the completion of the sale, the chief executive officer now owns 121,649 shares in the company, valued at approximately $11,556,655. The disclosure for this sale can be found here. Insiders sold 61,763 shares of company stock worth $5,958,057 in the last 90 days. Company insiders own 11.41% of the company’s stock. Lithia Motors (NYSE:LAD) traded up 2.13% during mid-day trading on Monday, reaching $92.07. The company had a trading volume of 194,238 shares. The stock has a 50 day moving average of $88.09 and a 200 day moving average of $93.20. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 11.24 and a beta of 1.71. Lithia Motors has a 52 week low of $68.70 and a 52 week high of $105.32.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, May 12th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $1.08 dividend on an annualized basis and a yield of 1.17%. This is an increase from Lithia Motors’s previous quarterly dividend of $0.25. Lithia Motors’s payout ratio is currently 13.33%. Lithia Motors Company Profile

Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com.

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