Media stories about Lithia Motors (NYSE:LAD) have trended somewhat positive on Friday, AlphaOne Sentiment reports. AlphaOne, a subsidiary of Accern, identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lithia Motors earned a coverage optimism score of 0.15 on AlphaOne’s scale. AlphaOne also gave headlines about the company an impact score of 60 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the company’s share price in the immediate future.
Shares of Lithia Motors (NYSE:LAD) traded up 0.37% on Friday, reaching $90.38. The company had a trading volume of 239,701 shares. The firm has a market cap of $2.26 billion, a P/E ratio of 11.04 and a beta of 1.71. The company has a 50-day moving average price of $89.04 and a 200-day moving average price of $93.38. Lithia Motors has a one year low of $68.70 and a one year high of $105.32.
Lithia Motors (NYSE:LAD) last released its earnings results on Wednesday, April 19th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. Lithia Motors had a return on equity of 22.67% and a net margin of 2.31%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.55 earnings per share. On average, analysts expect that Lithia Motors will post $8.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Friday, May 12th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.20%. This is an increase from Lithia Motors’s previous quarterly dividend of $0.25. Lithia Motors’s payout ratio is presently 13.33%.
Several research firms have recently issued reports on LAD. Zacks Investment Research cut Lithia Motors from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. Jefferies Group LLC set a $115.00 price target on Lithia Motors and gave the stock a “buy” rating in a research note on Thursday, March 16th. Finally, Susquehanna Bancshares Inc began coverage on Lithia Motors in a research note on Wednesday, February 1st. They issued a “neutral” rating and a $104.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $109.25.
In other news, Director Sidney B. Deboer sold 35,000 shares of the business’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $97.00, for a total transaction of $3,395,000.00. Following the completion of the sale, the director now owns 79,625 shares in the company, valued at $7,723,625. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Susan O. Cain sold 2,317 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $92.49, for a total value of $214,299.33. Following the sale, the director now owns 12,242 shares of the company’s stock, valued at approximately $1,132,262.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,080 shares of company stock valued at $6,172,356. 11.41% of the stock is currently owned by corporate insiders.
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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