Sonic Automotive Inc. (SAH) Issues FY13 Earnings Guidance
Sonic Automotive Inc. (NYSE:SAH) updated its FY13 earnings guidance on Monday. The company provided EPS guidance of $1.96-2.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.98, American Banking and Market News reports.
On a related note, analysts at Zacks upgraded shares of Sonic Automotive from a neutral rating to an outperform rating in a research note to investors on Monday, October 14th. They now have a $25.80 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Sonic Automotive currently has an average rating of Hold and an average target price of $27.27.
Sonic Automotive Inc. (NYSE:SAH) opened at 23.84 on Monday. Sonic Automotive Inc. has a 52-week low of $17.03 and a 52-week high of $25.51. The stock has a 50-day moving average of $23.49 and a 200-day moving average of $22.68. The company has a market cap of $1.259 billion and a price-to-earnings ratio of 18.41.
Sonic Automotive (NYSE:SAH) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.50 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.50. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.03 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.42%.
Sonic Automotive, Inc (NYSE:SAH) is engaged in automotive retailing in the United States.
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