Equities research analysts predict that Sonic Automotive Inc (NYSE:SAH) will announce earnings per share (EPS) of $0.32 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Sonic Automotive’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.45. Sonic Automotive posted earnings per share of $0.23 during the same quarter last year, which suggests a positive year-over-year growth rate of 39.1%. The firm is expected to issue its next earnings results before the market opens on Thursday, April 26th.
According to Zacks, analysts expect that Sonic Automotive will report full-year earnings of $2.27 per share for the current fiscal year, with EPS estimates ranging from $2.22 to $2.34. For the next year, analysts anticipate that the firm will report earnings of $2.23 per share, with EPS estimates ranging from $2.00 to $2.37. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Sonic Automotive.
Sonic Automotive (NYSE:SAH) last announced its earnings results on Tuesday, February 27th. The company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.03. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.63 billion. Sonic Automotive had a return on equity of 11.17% and a net margin of 0.94%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 earnings per share.
A number of equities research analysts recently issued reports on SAH shares. ValuEngine raised Sonic Automotive from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised Sonic Automotive from a “sell” rating to a “hold” rating and set a $23.00 price target on the stock in a research report on Tuesday, January 9th. Morgan Stanley increased their price target on Sonic Automotive from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 14th. Finally, Bank of America raised Sonic Automotive from an “underperform” rating to a “neutral” rating and set a $23.00 price target on the stock in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Sonic Automotive has a consensus rating of “Hold” and an average price target of $23.25.
Shares of NYSE SAH traded down $0.55 during trading hours on Monday, reaching $18.65. 133,296 shares of the stock were exchanged, compared to its average volume of 298,127. The firm has a market cap of $814.33, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 2.82 and a beta of 1.60. Sonic Automotive has a 52 week low of $15.95 and a 52 week high of $22.75. The company has a current ratio of 1.03, a quick ratio of 0.26 and a debt-to-equity ratio of 1.22.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.29%. This is an increase from Sonic Automotive’s previous quarterly dividend of $0.05. Sonic Automotive’s dividend payout ratio is currently 12.97%.
A number of large investors have recently modified their holdings of SAH. SG Capital Management LLC acquired a new stake in shares of Sonic Automotive in the 4th quarter valued at $4,502,000. Virtus Fund Advisers LLC boosted its holdings in shares of Sonic Automotive by 6.4% in the 4th quarter. Virtus Fund Advisers LLC now owns 2,156,150 shares of the company’s stock valued at $39,888,000 after purchasing an additional 130,259 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Sonic Automotive by 380.1% in the 4th quarter. Millennium Management LLC now owns 92,875 shares of the company’s stock valued at $1,714,000 after purchasing an additional 73,532 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Sonic Automotive in the 3rd quarter valued at $1,111,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Sonic Automotive in the 3rd quarter valued at $992,000. 64.16% of the stock is currently owned by institutional investors and hedge funds.
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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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