Sonic Automotive, Inc. (SAH) Releases FY17 Earnings Guidance
Sonic Automotive, Inc. (NYSE:SAH) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.85-1.95 for the period, compared to the Thomson Reuters consensus estimate of $1.85.
Shares of Sonic Automotive, Inc. (SAH) opened at 19.10 on Tuesday. Sonic Automotive, Inc. has a 52-week low of $15.95 and a 52-week high of $27.45. The company has a market cap of $837.75 million, a P/E ratio of 12.85 and a beta of 1.51. The stock has a 50 day moving average of $19.69 and a 200 day moving average of $18.86.
Sonic Automotive (NYSE:SAH) last issued its quarterly earnings results on Monday, October 30th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). Sonic Automotive had a net margin of 0.69% and a return on equity of 11.14%. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period last year, the company earned $0.47 earnings per share. Sonic Automotive’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities analysts anticipate that Sonic Automotive, Inc. will post $1.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.05%. Sonic Automotive’s dividend payout ratio (DPR) is presently 13.42%.
A number of brokerages have recently issued reports on SAH. Jefferies Group LLC restated a hold rating and issued a $22.00 price objective on shares of Sonic Automotive in a research note on Wednesday, July 19th. BidaskClub cut shares of Sonic Automotive from a hold rating to a sell rating in a research note on Friday, July 28th. TheStreet upgraded shares of Sonic Automotive from a c+ rating to a b rating in a research note on Wednesday, October 18th. Bank of America Corporation cut shares of Sonic Automotive from a neutral rating to an underperform rating in a research note on Thursday, October 19th. Finally, Zacks Investment Research upgraded shares of Sonic Automotive from a sell rating to a hold rating in a research note on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $21.75.
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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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