Home / news / Penske Automotive Increases Dividend quoting : “Fool”

Penske Automotive Increases Dividend quoting : “Fool”

as informed in

ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
Keep Me Signed In What does “Remember Me” do?
If you wish to go to ZacksTrade, click OK.
ZacksTrade and Zacks.com are separate companies.

referring to

Foreign Exchange Headwinds Continue to Blow Against Penske Automotive -- The Motley Fool

Same-store sales, which declined 0.6% year over year, would instead have grown 3.8% but for foreign exchange headwinds.
And earnings-per-share growth of 7.1% could have been nearly five full percentage points higher — 12% — again, excluding foreign exchange.
Reporting earnings for its fiscal fourth quarter and full-year 2016, Penske admitted to slowing revenue growth in the year’s final quarter but a sizable improvement in profitability.
In fact, the company’s 4.3% revenue growth last year compares pretty favorably to 4.4% sales growth that U.S.-focused rival CarMax reported for Q3 in December.
And unlike CarMax, which does business exclusively in the U.S., Penske has to deal with foreign exchange headwinds that affect the 39% of its business done outside U.S. borders.

read more
visit us
automotive

Check Also

picture.jpg

Global Automotive Passive Safety System Market

The report, Global Automotive Passive Safety System Market 2017-2021, has been prepared based on an …