Avis Budget Group, Inc. (NASDAQ:CAR) will be posting its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Avis Budget Group to post earnings of $2.99 per share for the quarter.
Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.32). Avis Budget Group had a net margin of 0.86% and a return on equity of 74.80%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts expect Avis Budget Group to post $2.64 EPS for the current fiscal year and $3.33 EPS for the next fiscal year.
Avis Budget Group, Inc. (NASDAQ:CAR) opened at 41.26 on Monday. The stock has a market cap of $3.41 billion, a P/E ratio of 48.60 and a beta of 2.48. The firm has a 50-day moving average price of $39.10 and a 200-day moving average price of $31.32. Avis Budget Group, Inc. has a 52 week low of $20.71 and a 52 week high of $41.73.
TRADEMARK VIOLATION WARNING: This report was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.com-unik.info/2017/10/30/avis-budget-group-inc-car-scheduled-to-post-earnings-on-tuesday.html.
In other news, SVP David T. Calabria sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $35.86, for a total value of $46,618.00. Following the completion of the transaction, the senior vice president now owns 5,662 shares in the company, valued at approximately $203,039.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John D. Jr. Hardy sold 908 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $32.78, for a total value of $29,764.24. Following the completion of the transaction, the director now owns 908 shares of the company’s stock, valued at approximately $29,764.24. The disclosure for this sale can be found here. Insiders sold a total of 435,708 shares of company stock valued at $17,133,212 in the last 90 days. 2.80% of the stock is owned by corporate insiders.
Several research firms have issued reports on CAR. Zacks Investment Research raised Avis Budget Group from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Wednesday, October 18th. MKM Partners lifted their price target on Avis Budget Group from $36.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. ValuEngine raised Avis Budget Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. Deutsche Bank AG reissued a “buy” rating and issued a $49.00 price target (up previously from $44.00) on shares of Avis Budget Group in a research note on Friday, October 6th. Finally, B. Riley began coverage on Avis Budget Group in a research note on Friday, September 22nd. They issued a “buy” rating and a $36.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $38.20.
Avis Budget Group Company Profile
Avis Budget Group Inc is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis and Budget are a rental car supplier. It also owns Payless, which a car rental brand; Apex, which is a car rental brand in New Zealand and Australia; Maggiore, a vehicle rental brand in Italy, and France Cars, which operates light commercial vehicle fleets in France.
What are top analysts saying about Avis Budget Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Avis Budget Group Inc. and related companies.