Sonic Automotive (SAH) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS
Sonic Automotive (NYSE:SAH) released its earnings data on Tuesday. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.03, AnalystRatingsNetwork reports. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.16 billion.
Shares of Sonic Automotive (NYSE:SAH) opened at 23.14 on Tuesday. 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 $23.2 and a 200-day moving average of $23.11. The company has a market cap of $1.215 billion and a price-to-earnings ratio of 15.17.
On the ratings front, analysts at Barclays raised their price target on shares of Sonic Automotive from $16.00 to $19.00 in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $26.27.
Sonic Automotive, Inc (NYSE:SAH) is engaged in automotive retailing in the United States.
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