Sonic Automotive, Inc. (SAH) Scheduled to Post Quarterly Earnings on Monday
Sonic Automotive, Inc. (NYSE:SAH) is set to announce its earnings results on Monday, October 30th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Sonic Automotive has set its FY17 guidance at $1.85-1.95 EPS.
Sonic Automotive (NYSE:SAH) last posted its earnings results on Friday, July 28th. The company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.06). The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Sonic Automotive had a return on equity of 11.14% and a net margin of 0.69%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 earnings per share. On average, analysts expect Sonic Automotive to post $1.88 EPS for the current fiscal year and $1.95 EPS for the next fiscal year.
Shares of Sonic Automotive, Inc. (NYSE SAH) opened at 19.40 on Monday. The firm’s 50-day moving average price is $19.67 and its 200-day moving average price is $18.86. Sonic Automotive, Inc. has a 52-week low of $15.95 and a 52-week high of $27.45. The stock has a market capitalization of $850.90 million, a P/E ratio of 13.06 and a beta of 1.51.
The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Thursday, September 14th. Sonic Automotive’s payout ratio is 13.42%.
SAH has been the topic of a number of recent research reports. Jefferies Group LLC restated a “hold” rating and issued a $22.00 target price on shares of Sonic Automotive in a report on Wednesday, July 19th. KeyCorp reaffirmed a “hold” rating on shares of Sonic Automotive in a research report on Friday, September 1st. BidaskClub cut Sonic Automotive from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Bank of America Corporation cut Sonic Automotive from a “neutral” rating to an “underperform” rating in a research report on Thursday. Finally, TheStreet raised Sonic Automotive from a “c+” rating to a “b” rating in a research report on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $21.75.
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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