Wall Street brokerages expect Autobytel Inc. (NASDAQ:ABTL) to announce $0.12 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Autobytel’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.13. Autobytel reported earnings per share of $0.17 during the same quarter last year, which suggests a negative year over year growth rate of 29.4%. The company is scheduled to report its next quarterly earnings results after the market closes on Thursday, August 3rd.
On average, analysts expect that Autobytel will report full year earnings of $0.97 per share for the current fiscal year, with EPS estimates ranging from $0.94 to $1.00. For the next year, analysts anticipate that the company will post earnings of $1.24 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Autobytel.
Autobytel (NASDAQ:ABTL) last posted its quarterly earnings results on Thursday, May 4th. The information services provider reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.07. The business had revenue of $37.34 million during the quarter, compared to analyst estimates of $35.05 million. Autobytel had a net margin of 3.19% and a return on equity of 11.95%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share.
A number of equities research analysts recently issued reports on ABTL shares. B. Riley reissued a “buy” rating and issued a $20.00 price target on shares of Autobytel in a research note on Monday, March 27th. Zacks Investment Research raised shares of Autobytel from a “sell” rating to a “hold” rating and set a $14.00 price target on the stock in a research note on Wednesday, May 10th. Finally, ValuEngine cut shares of Autobytel from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.
Autobytel (NASDAQ ABTL) remained flat at $12.01 during trading on Friday. The company had a trading volume of 59,406 shares. The firm has a 50-day moving average price of $12.67 and a 200-day moving average price of $12.83. Autobytel has a 12 month low of $10.72 and a 12 month high of $18.39. The company has a market cap of $132.96 million, a price-to-earnings ratio of 33.45 and a beta of 0.93.
In related news, EVP William Ferriolo sold 13,488 shares of Autobytel stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $13.72, for a total value of $185,055.36. Following the sale, the executive vice president now owns 164,253 shares of the company’s stock, valued at approximately $2,253,551.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John J. Skocilic, Jr. sold 4,774 shares of Autobytel stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $12.66, for a total transaction of $60,438.84. Following the completion of the sale, the executive vice president now directly owns 11,083 shares in the company, valued at approximately $140,310.78. The disclosure for this sale can be found here. Insiders sold a total of 80,778 shares of company stock worth $1,060,935 in the last three months. 12.80% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Autobytel by 4.6% in the fourth quarter. State Street Corp now owns 124,677 shares of the information services provider’s stock worth $1,672,000 after buying an additional 5,462 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Autobytel by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 278,195 shares of the information services provider’s stock valued at $3,742,000 after buying an additional 11,775 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Autobytel by 68.2% in the fourth quarter. Renaissance Technologies LLC now owns 55,500 shares of the information services provider’s stock valued at $746,000 after buying an additional 22,500 shares during the period. Two Sigma Investments LP boosted its stake in shares of Autobytel by 128.5% in the fourth quarter. Two Sigma Investments LP now owns 33,207 shares of the information services provider’s stock valued at $447,000 after buying an additional 18,673 shares during the period. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Autobytel during the fourth quarter valued at about $261,000. 64.91% of the stock is currently owned by hedge funds and other institutional investors.
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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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