Wall Street analysts expect Autobytel Inc. (NASDAQ:ABTL) to announce sales of $35.55 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Autobytel’s earnings, with the lowest sales estimate coming in at $35.37 million and the highest estimate coming in at $35.72 million. Autobytel reported sales of $36.15 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.7%. The firm is scheduled to announce its next earnings results on Thursday, August 3rd.
On average, analysts expect that Autobytel will report full year sales of $35.55 million for the current fiscal year, with estimates ranging from $156.18 million to $162.8 million. For the next financial year, analysts anticipate that the company will post sales of $170.87 million per share, with estimates ranging from $164.64 million to $177.1 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Autobytel.
Autobytel (NASDAQ:ABTL) last issued its quarterly earnings results on Thursday, May 4th. The information services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.19 by $0.07. The company had revenue of $37.34 million for the quarter, compared to the consensus estimate of $35.05 million. Autobytel had a net margin of 2.54% and a return on equity of 12.15%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS.
ABTL has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Autobytel from a “hold” rating to a “sell” rating in a research report on Thursday, March 16th. B. Riley restated a “buy” rating and issued a $20.00 price objective on shares of Autobytel in a report on Monday, January 16th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC boosted its position in shares of Autobytel by 2.3% in the third quarter. Acrospire Investment Management LLC now owns 8,758 shares of the information services provider’s stock worth $156,000 after buying an additional 200 shares during the period. Cornercap Investment Counsel Inc. boosted its position in shares of Autobytel by 127.8% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 85,424 shares of the information services provider’s stock worth $1,149,000 after buying an additional 47,929 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Autobytel during the fourth quarter worth $3,415,000. Signia Capital Management LLC boosted its position in shares of Autobytel by 94.2% in the fourth quarter. Signia Capital Management LLC now owns 222,559 shares of the information services provider’s stock worth $2,993,000 after buying an additional 107,975 shares during the period. Finally, State Street Corp boosted its position in shares of 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 during the period. Hedge funds and other institutional investors own 68.10% of the company’s stock.
Autobytel (NASDAQ:ABTL) traded up 0.08% during midday trading on Wednesday, reaching $12.46. 70,518 shares of the company’s stock traded hands. The company has a market capitalization of $137.94 million, a price-to-earnings ratio of 34.71 and a beta of 1.25. Autobytel has a 1-year low of $10.72 and a 1-year high of $18.39. The firm’s 50-day moving average is $12.43 and its 200-day moving average is $13.30.
About Autobytel
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.
Source: Autobytel
