Analysts Set Expectations for Lithia Motors, Inc.’s Q2 2017 Earnings (LAD)

Lithia Motors, Inc. (NYSE:LAD) – Investment analysts at Seaport Global Securities issued their Q2 2017 earnings estimates for shares of Lithia Motors in a research note issued on Wednesday. Seaport Global Securities analyst M. Ward forecasts that the company will earn $2.20 per share for the quarter. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Lithia Motors’ Q3 2017 earnings at $2.19 EPS, Q4 2017 earnings at $1.92 EPS, FY2017 earnings at $8.10 EPS, Q1 2018 earnings at $1.88 EPS, Q2 2018 earnings at $2.38 EPS, Q3 2018 earnings at $2.36 EPS, Q4 2018 earnings at $2.08 EPS and FY2018 earnings at $8.70 EPS.

A number of other research firms have also commented on LAD. Zacks Investment Research upgraded Lithia Motors from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a research note on Wednesday, February 22nd. Bank of America Corporation lowered Lithia Motors from a “neutral” rating to an “underperform” rating and set a $92.00 price objective on the stock. in a research note on Friday, June 16th. Jefferies Group LLC set a $115.00 price objective on Lithia Motors and gave the stock a “buy” rating in a research note on Thursday, March 16th. Finally, Morgan Stanley lowered their price objective on Lithia Motors from $115.00 to $106.00 and set an “overweight” rating on the stock in a research note on Friday, June 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Lithia Motors has an average rating of “Hold” and an average target price of $105.83.

Earnings History and Estimates for Lithia Motors (NYSE:LAD)

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Shares of Lithia Motors (NYSE:LAD) opened at 88.18 on Monday. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 10.77 and a beta of 1.65. The company has a 50-day moving average price of $91.64 and a 200 day moving average price of $94.43. Lithia Motors has a 52 week low of $68.70 and a 52 week high of $105.32.

Lithia Motors (NYSE:LAD) last announced its quarterly earnings results on Wednesday, April 19th. The company reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.01. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. Lithia Motors had a return on equity of 21.91% and a net margin of 2.32%. Lithia Motors’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 EPS.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Friday, May 12th were paid a $0.27 dividend. This is a positive change from Lithia Motors’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. Lithia Motors’s dividend payout ratio (DPR) is presently 13.19%.

In other news, CEO Bryan B. Deboer sold 4,687 shares of Lithia Motors stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $95.00, for a total value of $445,265.00. Following the transaction, the chief executive officer now owns 121,649 shares in the company, valued at approximately $11,556,655. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sidney B. Deboer sold 10,000 shares of Lithia Motors stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $95.38, for a total value of $953,800.00. Following the completion of the transaction, the director now owns 79,625 shares in the company, valued at approximately $7,594,632.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,300 shares of company stock worth $8,311,241. Corporate insiders own 7.85% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. DF Dent & Co. Inc. raised its position in shares of Lithia Motors by 0.3% in the first quarter. DF Dent & Co. Inc. now owns 4,091 shares of the company’s stock valued at $350,000 after buying an additional 11 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of 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 during the last quarter. State of Alaska Department of Revenue raised its position in shares of 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 during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Lithia Motors by 10.0% in the first quarter. Public Employees Retirement System of Ohio now owns 1,602 shares of the company’s stock valued at $137,000 after buying an additional 146 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of 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 during the last quarter. Institutional investors own 98.94% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LAD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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