Penske Automotive Group, Inc. (NYSE:PAG) Updates On Dividend Release Date


On 2016-07-27, Penske Automotive Group, Inc. (NYSE:PAG) confirmed the dividend disbursement of $0.28 a share to shareholders as on record 2016-08-10. The firm will release dividend on 2016-09-01 while ex-dividend date is reported to be 2016-08-08.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Penske Automotive Group, Inc. (NYSE:PAG) paid a total of $0.28 per share in dividends. This figure stood at $0.28 a share in the same period a year ago indicating a deviation of 20.5128%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $53 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $54 and $51, respectively.

Taking the mathematical rating formula, the price for Penske Automotive Group, Inc. (NYSE:PAG) stands at 2. Earnings Review Penske Automotive Group, Inc. (NYSE:PAG) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-03. For the period ending on 2016-09-30, experts are expecting EPS of $1.01.

Coming to the quarter ending on 2015-12-31, Penske Automotive Group, Inc. (NYSE:PAG) recorded EPS of $1.11. The reported numbers came lower than the analysts’ estimates of $1.08, demonstrating a miss of $0.03 as against reported figures.

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