Wall Street analysts predict that Sonic Automotive, Inc. (NYSE:SAH) will post sales of $2.61 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Sonic Automotive’s earnings. The highest sales estimate is $2.64 billion and the lowest is $2.59 billion. Sonic Automotive posted sales of $2.56 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Sonic Automotive will report full year sales of $2.61 billion for the current financial year, with estimates ranging from $9.78 billion to $9.84 billion. For the next fiscal year, analysts forecast that the company will post sales of $9.85 billion per share, with estimates ranging from $9.76 billion to $10.00 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Sonic Automotive.

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

Several brokerages recently weighed in on SAH. ValuEngine upgraded Sonic Automotive from a “hold” rating to a “buy” rating in a report on Friday. BidaskClub cut Sonic Automotive from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded Sonic Automotive from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. TheStreet upgraded Sonic Automotive from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. Finally, KeyCorp reiterated a “hold” rating on shares of Sonic Automotive in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $23.67.

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

Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its position in Sonic Automotive by 78.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,153 shares of the company’s stock valued at $100,000 after buying an additional 2,263 shares in the last quarter. Victory Capital Management Inc. increased its position in Sonic Automotive by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,854 shares of the company’s stock valued at $114,000 after buying an additional 878 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Sonic Automotive by 4.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 8,891 shares of the company’s stock valued at $178,000 after buying an additional 410 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Sonic Automotive by 48.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,359 shares of the company’s stock valued at $182,000 after buying an additional 3,068 shares in the last quarter. Finally, Laurion Capital Management LP bought a new position in Sonic Automotive during the 2nd quarter valued at approximately $203,000. 64.43% of the stock is owned by institutional investors.

Shares of Sonic Automotive (SAH) opened at $21.65 on Tuesday. The firm has a market capitalization of $924.39, a PE ratio of 12.66, a P/E/G ratio of 3.91 and a beta of 1.56. Sonic Automotive has a fifty-two week low of $15.95 and a fifty-two week high of $27.45. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 1.41.

The firm also recently disclosed 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 annualized dividend and a yield of 0.92%. The ex-dividend date is Thursday, December 14th. Sonic Automotive’s dividend payout ratio (DPR) is currently 12.82%.

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About Sonic Automotive

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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