Media coverage about Sonic Automotive (NYSE:SAH) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sonic Automotive earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.7683878019977 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
Sonic Automotive (SAH) traded up $0.15 on Friday, reaching $19.95. 220,632 shares of the company traded hands, compared to its average volume of 258,756. The firm has a market capitalization of $868.28, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 3.62 and a beta of 1.54. Sonic Automotive has a 52-week low of $15.95 and a 52-week high of $27.45. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 1.41.
Sonic Automotive (NYSE:SAH) last released its quarterly earnings data on Tuesday, October 24th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.54 billion. Sonic Automotive had a net margin of 0.70% and a return on equity of 10.47%. Sonic Automotive’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share. equities analysts anticipate that Sonic Automotive will post 1.82 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.20 annualized dividend and a yield of 1.00%. Sonic Automotive’s dividend payout ratio (DPR) is 12.82%.
A number of brokerages have recently issued reports on SAH. BidaskClub lowered shares of Sonic Automotive from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. ValuEngine lowered shares of Sonic Automotive from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Sonic Automotive from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. TheStreet upgraded shares of Sonic Automotive from a “c+” rating to a “b” rating in a research note on Wednesday, October 18th. Finally, KeyCorp reiterated a “hold” rating on shares of Sonic Automotive in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Sonic Automotive presently has a consensus rating of “Hold” and a consensus target price of $23.67.
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In other Sonic Automotive news, EVP Jeff Dyke sold 8,551 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $20.10, for a total value of $171,875.10. Following the sale, the executive vice president now owns 1,262,056 shares in the company, valued at $25,367,325.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Heath Byrd sold 11,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $20.43, for a total transaction of $224,730.00. Following the completion of the sale, the chief financial officer now owns 143,306 shares in the company, valued at approximately $2,927,741.58. The disclosure for this sale can be found here. 30.29% of the stock is currently owned by company insiders.
Sonic Automotive Company Profile
Sonic Automotive, Inc is an automotive retailer in the United States. The Company’s operating segments include Franchised Dealerships and EchoPark. Its Franchised Dealerships segment consists of retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle repair and maintenance services, and arrange finance and insurance products.
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