Sonic Automotive (SAH) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS
Sonic Automotive (NYSE:SAH) issued its quarterly earnings data on Wednesday. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.08, AnalystRatingsNetwork.com reports. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.37 billion.
Shares of Sonic Automotive (NYSE:SAH) opened at 22.13 on Wednesday. Sonic Automotive has a 1-year low of $19.77 and a 1-year high of $24.89. The stock has a 50-day moving average of $22.77 and a 200-day moving average of $23.14. The company has a market cap of $1.166 billion and a P/E ratio of 14.09.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.45%.
Sonic Automotive, Inc (NYSE:SAH) is engaged in automotive retailing in the United States.
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