Penske Automotive Group Inc. (PAG)
All You Need to Know About Penske (PAG) Rating Upgrade to Buy
Penske (PAG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Why Is Penske (PAG) Down 1% Since Last Earnings Report?
Penske (PAG) reported earnings 30 days ago. What's next for the stock?
2 Best Buys From the Auto Retail Industry for Solid Returns
With the Zacks Automotive- Retail and Wholesale- industry currently placed in the top 40% of around 250 Zacks industries, stocks like PAG and RUSHA are worth considering.
Penske (PAG) Q2 Earnings Exceed Expectations, Decline Y/Y
Penske (PAG) beats second-quarter earnings estimates on better-than-expected results from Commercial Vehicle Distribution and Other segment.
Penske Automotive Group Has Been Busy
Penske Automotive Group had been an active acquirer in 1H 2024, adding diverse businesses that will increase sales by $2 billion per year. Upcoming interest rate cuts should help Penske in many ways, from floor plan interest expense to the financing business. Penske continues to have a premium valuation to peers, who could benefit more from lower rates. The stock remains a Hold.
Penske Automotive Group, Inc. (PAG) Q2 2024 Earnings Call Transcript
Penske Automotive Group, Inc. (NYSE:PAG ) Q2 2024 Results Conference Call July 31, 2024 2:00 PM ET Company Participants Tony Pordon - Executive Vice President, Investor Relations and Corporate Development Roger Penske - Chair and Chief Executive Officer Shelley Hulgrave - Executive Vice President and Chief Financial Officer Rich Shearing - North American Operations Randall Seymore - International Operations Tony Facioni - Vice President and Corporate Controller Conference Call Participants John Murphy - Bank of America Mike Ward - Freedom Capital Rajat Gupta - JPMorgan David Whiston - Morningstar Operator Good afternoon. Welcome to the Penske Automotive Group Second Quarter 2024 Earnings Conference Call.
Penske (PAG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Penske (PAG) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Penske Automotive (PAG) Surpasses Q2 Earnings and Revenue Estimates
Penske Automotive (PAG) came out with quarterly earnings of $3.61 per share, beating the Zacks Consensus Estimate of $3.43 per share. This compares to earnings of $4.41 per share a year ago.
Penske (PAG) Buys Bill Brown Ford to Expand Retail Operations
Penske (PAG) acquires Bill Brown Ford in southeastern Michigan to expand its North American retail operations presence in the Midwest.
Earnings Preview: Penske Automotive (PAG) Q2 Earnings Expected to Decline
Penske (PAG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Paragon Banking Group (LON:PAG) Hits New 1-Year High at $750.00
Paragon Banking Group PLC (LON:PAG – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 750 ($9.42) and last traded at GBX 750 ($9.42), with a volume of 200603 shares trading hands. The stock had previously closed at GBX 739.50 ($9.29). Analyst Ratings Changes Separately, Shore Capital reissued a “buy” rating on shares of Paragon Banking Group in a research report on Friday, January 26th. Get Our Latest Stock Report on Paragon Banking Group Paragon Banking Group Stock Up 1.4 % The company’s 50-day simple moving average is GBX 692.18 and its two-hundred day simple moving average is GBX 642.34. The firm has a market capitalization of £1.59 billion, a P/E ratio of 1,120.45, a P/E/G ratio of 0.50 and a beta of 1.50. The company has a debt-to-equity ratio of 222.26, a current ratio of 1.30 and a quick ratio of 1.48. Paragon Banking Group Increases Dividend The company also recently declared a dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 1st were issued a dividend of GBX 19.20 ($0.24) per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a yield of 4.13%. This is an increase from Paragon Banking Group’s previous dividend of $9.40. Paragon Banking Group’s payout ratio is currently 5,606.06%. Insider Activity In other Paragon Banking Group news, insider Peter Hill bought 248 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average price of GBX 677 ($8.50) per share, for a total transaction of £1,678.96 ($2,108.72). In related news, insider Peter Hill purchased 248 shares of Paragon Banking Group stock in a transaction on Monday, March 11th. The shares were bought at an average cost of GBX 677 ($8.50) per share, for a total transaction of £1,678.96 ($2,108.72). Also, insider Graeme Yorston acquired 475 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were bought at an average cost of GBX 665 ($8.35) per share, with a total value of £3,158.75 ($3,967.28). Insiders own 3.54% of the company’s stock. Paragon Banking Group Company Profile (Get Free Report) Paragon Banking Group PLC provides financial products and services in the United Kingdom. It operates in two segments, Mortgage Lending and Commercial Lending. The Mortgage Lending segment offers buy-to-let mortgages, as well as includes owner-occupied first and second charge mortgages. The Commercial Lending segment comprises SME lending, such as hire purchase, and finance and operating leases; and provides development finance, motor finance, structured lending, and other products.
