Sonic Corp. (SONC) to Release Earnings on Monday
Sonic Corp. (NASDAQ:SONC) will post its Q1 quarterly earnings results after the market closes on Monday, January 6th. Sonic Corp. has set its FY14 guidance at $0.82-0.83 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
Sonic Corp. (NASDAQ:SONC) last released its earnings data on Monday, October 21st. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The company had revenue of $158.80 million for the quarter, compared to the consensus estimate of $155.78 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis.
Shares of Sonic Corp. (NASDAQ:SONC) opened at 19.84 on Friday. Sonic Corp. has a 52 week low of $9.87 and a 52 week high of $21.48. The stock has a 50-day moving average of $20.28 and a 200-day moving average of $17.66. The company has a market cap of $1.115 billion and a price-to-earnings ratio of 31.55.
SONC has been the subject of a number of recent research reports. Analysts at Buckingham Research initiated coverage on shares of Sonic Corp. in a research note to investors on Wednesday, December 4th. They set a “buy” rating and a $24.00 price target on the stock. On the ratings front, analysts at William Blair upgraded shares of Sonic Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, December 4th. Finally, analysts at Wunderlich raised their price target on shares of Sonic Corp. from $19.00 to $22.00 in a research note to investors on Wednesday, October 23rd. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Sonic Corp. presently has an average rating of “Hold” and a consensus target price of $18.11.
Sonic Corp. (NASDAQ:SONC) operates and franchises chain of drive-in restaurants (Sonic Drive-Ins) in the United States.
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