Wall Street brokerages expect that Sonic Automotive, Inc. (NYSE:SAH) will post $0.79 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Sonic Automotive’s earnings, with the lowest EPS estimate coming in at $0.71 and the highest estimate coming in at $0.87. Sonic Automotive posted earnings of $0.66 per share in the same quarter last year, which would suggest a positive year over year growth rate of 19.7%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Sonic Automotive will report full year earnings of $1.82 per share for the current fiscal year, with EPS estimates ranging from $1.74 to $1.90. For the next financial year, analysts forecast that the business will report earnings of $1.97 per share, with EPS estimates ranging from $1.70 to $2.10. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Sonic Automotive.

Sonic Automotive (NYSE:SAH) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.54 billion. Sonic Automotive had a net margin of 0.70% and a return on equity of 10.47%. Sonic Automotive’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS.

Several brokerages have commented on SAH. ValuEngine upgraded shares of Sonic Automotive from a “hold” rating to a “buy” rating in a research report on Friday. Bank of America lowered shares of Sonic Automotive from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of Sonic Automotive from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. TheStreet upgraded shares of Sonic Automotive from a “c+” rating to a “b” rating in a research report on Wednesday, October 18th. Finally, KeyCorp reiterated a “hold” rating on shares of Sonic Automotive in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Sonic Automotive has an average rating of “Hold” and an average target price of $23.67.

Shares of Sonic Automotive (NYSE:SAH) traded up $0.15 during midday trading on Friday, hitting $21.40. 166,697 shares of the company’s stock traded hands, compared to its average volume of 200,633. The stock has a market cap of $924.37, a price-to-earnings ratio of 12.66, a P/E/G ratio of 3.91 and a beta of 1.56. Sonic Automotive has a 52 week low of $15.95 and a 52 week high of $27.45. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 1.41.

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%. Sonic Automotive’s dividend payout ratio (DPR) is 13.07%.

In other news, EVP Jeff Dyke sold 8,551 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $20.10, for a total transaction of $171,875.10. Following the completion of the transaction, the executive vice president now owns 1,262,056 shares of the company’s stock, valued at approximately $25,367,325.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Heath Byrd sold 11,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $20.43, for a total transaction of $224,730.00. Following the transaction, the chief financial officer now directly owns 143,306 shares of the company’s stock, valued at approximately $2,927,741.58. The disclosure for this sale can be found here. 30.29% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio increased its position in Sonic Automotive by 11.0% during the 2nd quarter. Strs Ohio now owns 39,300 shares of the company’s stock worth $764,000 after purchasing an additional 3,900 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Sonic Automotive by 11.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 397,632 shares of the company’s stock worth $7,734,000 after purchasing an additional 41,219 shares in the last quarter. Proxima Capital Management LLC increased its position in Sonic Automotive by 44.8% during the 2nd quarter. Proxima Capital Management LLC now owns 166,500 shares of the company’s stock worth $3,238,000 after purchasing an additional 51,500 shares in the last quarter. JPMorgan Chase & Co. increased its position in Sonic Automotive by 53.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 48,453 shares of the company’s stock worth $943,000 after purchasing an additional 16,969 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in Sonic Automotive by 49.4% during the 2nd quarter. Prudential Financial Inc. now owns 422,930 shares of the company’s stock worth $8,226,000 after purchasing an additional 139,778 shares in the last quarter. 64.31% of the stock is owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for Sonic Automotive (NYSE:SAH)

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