Autobytel Inc. (AUTO) Updates FY17 Earnings Guidance

Autobytel Inc. (NASDAQ:AUTO) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $0.78-$0.82 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.78. The company issued revenue guidance of $144-$148 million, compared to the consensus revenue estimate of $144.17 million.

Autobytel Inc. (NASDAQ:AUTO) traded up $0.42 during trading hours on Friday, reaching $8.05. 69,700 shares of the company’s stock traded hands, compared to its average volume of 59,221. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.99 and a current ratio of 2.99. The stock has a market cap of $105.32, a price-to-earnings ratio of 11.67 and a beta of 1.01. Autobytel Inc. has a 52-week low of $6.63 and a 52-week high of $15.28.

Autobytel (NASDAQ:AUTO) last posted its quarterly earnings data on Thursday, November 2nd. The information services provider reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08. The firm had revenue of $36.90 million during the quarter, compared to analyst estimates of $36.84 million. Autobytel had a net margin of 1.51% and a return on equity of 7.47%. The company’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. analysts expect that Autobytel Inc. will post 0.49 earnings per share for the current year.

AUTO has been the subject of several analyst reports. Barrington Research lowered shares of Autobytel from an outperform rating to a market perform rating in a research note on Friday, August 4th. TheStreet downgraded shares of Autobytel from a c rating to a d+ rating in a research report on Monday, October 9th. ValuEngine downgraded shares of Autobytel from a buy rating to a hold rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Autobytel from a sell rating to a hold rating in a research report on Tuesday, September 26th. Finally, B. Riley reissued a buy rating and set a $12.00 target price on shares of Autobytel in a research report on Friday, November 3rd. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $10.25.

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Autobytel Company Profile

AutoWeb, Inc, formerly Autobytel Inc, is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers through the programs for online lead referrals, dealer marketing products and services, and online advertising programs and mobile products.

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