Avis Budget Group (CAR) Expected to Announce Earnings on Monday

Avis Budget Group (NASDAQ:CAR) is anticipated to issue its quarterly earnings data before the market opens on Monday, February 10th. Analysts expect the company to announce earnings of ($0.50) per share and revenue of $2.72 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings results on Thursday, October 31st. The business services provider reported $6.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.55 by ($1.90). Avis Budget Group had a negative return on equity of 101.41% and a net margin of 3.34%. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.53 billion. Avis Budget Group’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $16.78 earnings per share. On average, analysts expect Avis Budget Group to post $4 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Avis Budget Group Stock Performance

NASDAQ:CAR opened at $89.70 on Monday. Avis Budget Group has a fifty-two week low of $65.73 and a fifty-two week high of $172.25. The firm has a market cap of $3.15 billion, a PE ratio of 8.19 and a beta of 2.25. The business has a 50 day moving average price of $91.07 and a 200-day moving average price of $88.98.

Wall Street Analyst Weigh In

CAR has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Avis Budget Group from $175.00 to $150.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their price target on Avis Budget Group from $145.00 to $143.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. The Goldman Sachs Group lifted their price objective on Avis Budget Group from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Northcoast Research lowered Avis Budget Group from a “buy” rating to a “neutral” rating in a research note on Monday, November 18th. Finally, StockNews.com upgraded shares of Avis Budget Group from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $133.75.

About Avis Budget Group

Avis Budget Group, Inc engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean.