Analysts predict that Sonic Automotive Inc (NYSE:SAH) will announce earnings per share (EPS) of $0.44 for the current quarter, according to Zacks. Two analysts have made estimates for Sonic Automotive’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.51. Sonic Automotive posted earnings per share of $0.35 during the same quarter last year, which indicates a positive year-over-year growth rate of 25.7%. The company is scheduled to report its next quarterly earnings results on Friday, July 26th.
According to Zacks, analysts expect that Sonic Automotive will report full-year earnings of $1.91 per share for the current fiscal year, with EPS estimates ranging from $1.58 to $2.25. For the next fiscal year, analysts expect that the company will report earnings of $1.90 per share, with EPS estimates ranging from $1.21 to $2.28. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Sonic Automotive.
Sonic Automotive (NYSE:SAH) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.17. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.42 billion. Sonic Automotive had a return on equity of 10.12% and a net margin of 0.97%. The company’s revenue was down .5% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share.
SAH has been the subject of several analyst reports. Bank of America upgraded Sonic Automotive from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Friday, April 26th. Zacks Investment Research lowered Sonic Automotive from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. ValuEngine upgraded Sonic Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Morgan Stanley boosted their target price on Sonic Automotive from $10.00 to $18.00 and gave the stock an “underweight” rating in a research report on Monday. Finally, JPMorgan Chase & Co. initiated coverage on Sonic Automotive in a research report on Tuesday, February 19th. They set an “underweight” rating and a $14.00 target price for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Sonic Automotive has a consensus rating of “Hold” and an average target price of $18.50.
Sonic Automotive stock opened at $20.47 on Friday. The stock has a market cap of $858.58 million, a PE ratio of 11.56, a P/E/G ratio of 3.47 and a beta of 1.63. Sonic Automotive has a 1 year low of $12.78 and a 1 year high of $23.60. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.03 and a quick ratio of 0.25.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, June 13th. Sonic Automotive’s dividend payout ratio (DPR) is presently 22.60%.
Large investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new position in shares of Sonic Automotive during the 4th quarter valued at about $31,000. Capital Investment Advisory Services LLC bought a new position in shares of Sonic Automotive during the 4th quarter valued at about $56,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Sonic Automotive by 291.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,689 shares of the company’s stock valued at $99,000 after purchasing an additional 4,980 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Sonic Automotive by 436.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,786 shares of the company’s stock valued at $121,000 after acquiring an additional 7,148 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new stake in Sonic Automotive in the 4th quarter valued at approximately $124,000. Institutional investors and hedge funds own 60.48% of the company’s stock.
About Sonic Automotive
Sonic Automotive, Inc operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products.
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