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Cheap dividend stocks have found increased in demand ever since the financial crisis. To save the economy and the markets, the Fed repeatedly lowered interest rates. As a result, safer investments like bonds and Treasuries ended up yielding next to nothing. And so, retirement investors and income investors moved further out on the risk curve, buying up dividend stocks in the hunt for yield. (135-1)
The earnings for the quarter ending on Dec 31, 2017, are still going on. Some auto companies have reported their quarterly results last week including Group 1 Automotive Inc. (GPI - Free Report) , Penske Automotive Group, Inc. (PAG - Free Report) and Lithia Motors Inc. (LAD - Free Report) . Both the quarterly earnings and revenues for these companies surpassed the Zacks Consensus Estimates. On the basis of the year-over-year performance, both earnings and revenues came in higher. (12-0)
On Feb 12, we issued an updated research report on the automotive and commercial truck dealership company, Penske Automotive Group, Inc. (PAG - Free Report) . (7-0)
Penske Automotive Group, Inc. (PAG - Free Report) recorded adjusted earnings of $1.01 per share in fourth-quarter fiscal 2017 compared with 91 cents a year ago. The bottom line also surpassed the Zacks Consensus Estimate of $1. Including tax benefits, the earnings came in at $3.85. (1-0)
Penske Automotive Group, Inc. (NYSE:PAG) Q4 2017 Earnings Conference Call February 8, 2018 2:00 PM ET (3-0)
PAG 8-K Q4 2017 Earnings Release UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): February 8, 2018 Penske Automotive Group, Inc. (Exact name of registrant as specified in its charter) Delaware 1-12297 22-3086739 (State or other jurisdiction of incorporation) (Commission File Number)
Auto sector’s fourth-quarter earnings announcement is in full swing. Of the lot, a few important companies have already released earnings for the quarter ending Dec 31, 2017. On Feb 6, General Motors Company (GM - Free Report) and Cummins Inc. (CMI - Free Report) reported quarterly results. Both companies delivered an earnings beat. (87-0)
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PAG 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): January 30, 2018 Penske Automotive Group, Inc. __________________________________________ (Exact name of registrant as specified in its charter) Delaware 1-12297 22-3086739 (State or other jurisdiction (Commission (I.
* PENSKE AUTOMOTIVE GROUP INC - ENHANCED CO‘S U.S. 401(K) SAVINGS PLAN,INCREASING CO MATCHING CONTRIBUTIONS FROM 1.5% TO 2.5% OF ELIGIBLE CONTRIBUTIONS Source text for Eikon: Further company coverage: (1-0)
Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends? Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Penske Automotive Group, Inc. (PAG - Free Report) . Penske Automotive in Focus PAG may be an interesting play thanks to its forward PE of 10. (108-0)
On Jan 9, we issued an updated research report on Penske Automotive Group, Inc. (PAG - Free Report) . The company reported earnings per share of $1.10 for third-quarter fiscal 2017, beating the Zacks Consensus Estimate of $1.07. Quarterly revenues rose 7.2% year over year to $5.52 billion. The top line also surpassed the Zacks Consensus Estimate of $5.34 billion. At the start of this month, Penske Automotive completed acquiring The Car People. (5-0)
Last week saw major U.S. automakers coming up with December and 2017 auto sales. After a record 2016, U.S. auto sales declined in 2017. This is the first time since the financial crisis that auto sales have declined from that of prior-year figure. According to Autodata, in 2017, U.S. auto sales were 17.2 million, down from the prior-year figure of 17.85 million. Despite the decline, 2017 was a robust year for the auto industry as a whole. (375-0)
Penske Automotive Group, Inc. (PAG - Free Report) reported that it has closed the acquisition of The Car People. The acquired company is a U.K.-based retailer of good quality used vehicles at fixed prices. Annually, The Car People sells approximately 18,000 vehicles and is expected to earn annualized revenues of roughly $300 million. Per management, purchase of The Car People will help Penske Automotive develop its used car business segment and reinforce its position in the United Kingdom, the company’s second largest market. (374-0)