News stories about Lithia Motors (NYSE:LAD) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lithia Motors earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.9688608412992 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Equities Analysts Issue Forecasts for Lithia Motors, Inc.’s FY2017 Earnings (LAD) (americanbankingnews.com)
- Lithia Motors, Inc. : LAD-US: Dividend Analysis : November 10th, 2017 (record date) : By the numbers : November 10, 2017 (finance.yahoo.com)
- Lithia Motors, Inc. breached its 50 day moving average in a Bullish Manner : LAD-US : November 8, 2017 (finance.yahoo.com)
- Analysts Anticipate Lithia Motors, Inc. (LAD) Will Announce Quarterly Sales of $2.68 Billion (americanbankingnews.com)
- Lithia Motors, Inc. (LAD) Expected to Post Earnings of $2.14 Per Share (americanbankingnews.com)
Shares of Lithia Motors (NYSE LAD) opened at $113.91 on Monday. The firm has a market cap of $2,842.97, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 0.97 and a beta of 1.72. Lithia Motors has a one year low of $80.88 and a one year high of $123.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 1.21.
Lithia Motors (NYSE:LAD) last posted its earnings results on Wednesday, October 25th. The company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.19). The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.62 billion. Lithia Motors had a return on equity of 21.02% and a net margin of 2.14%. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.06 EPS. sell-side analysts expect that Lithia Motors will post 8.33 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.95%. Lithia Motors’s payout ratio is presently 13.12%.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $121.00 price target for the company in a research report on Wednesday, August 23rd. KeyCorp reiterated a “buy” rating and issued a $130.00 price target (up from $119.00) on shares of Lithia Motors in a research report on Wednesday, October 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Lithia Motors in a research report on Thursday, August 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $116.00 price target (up from $106.00) on shares of Lithia Motors in a research report on Wednesday, August 2nd. Finally, Berenberg Bank assumed coverage on shares of Lithia Motors in a research note on Wednesday, October 4th. They issued a “hold” rating and a $126.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $116.29.
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In other news, Director Kenneth E. Roberts sold 25,000 shares of Lithia Motors stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $117.19, for a total transaction of $2,929,750.00. Following the transaction, the director now owns 130,598 shares in the company, valued at $15,304,779.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sidney B. Deboer sold 65,711 shares of Lithia Motors stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $121.77, for a total transaction of $8,001,628.47. Following the transaction, the director now owns 1,421 shares in the company, valued at approximately $173,035.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,581 shares of company stock worth $16,905,722. Insiders own 7.85% 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.
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