Equities research analysts predict that Sonic Automotive Inc (NYSE:SAH) will report sales of $2.61 billion for the current quarter, according to Zacks. Two analysts have made estimates for Sonic Automotive’s earnings, with the highest sales estimate coming in at $2.64 billion and the lowest estimate coming in at $2.59 billion. Sonic Automotive reported sales of $2.56 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 2%. The firm is expected to announce its next earnings report before the market opens on Tuesday, February 27th.
On average, analysts expect that Sonic Automotive will report full year sales of $2.61 billion for the current year, with estimates ranging from $9.78 billion to $9.84 billion. For the next financial year, analysts expect that the business will post sales of $9.85 billion per share, with estimates ranging from $9.76 billion to $10.00 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Sonic Automotive.
A number of analysts have issued reports on the company. ValuEngine lowered Sonic Automotive from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Sonic Automotive from a “sell” rating to a “hold” rating and set a $23.00 target price on the stock in a research report on Tuesday, January 9th. Bank of America raised Sonic Automotive from an “underperform” rating to a “neutral” rating and set a $23.00 target price on the stock in a research report on Monday, January 8th. Finally, TheStreet raised Sonic Automotive from a “c+” rating to a “b” rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Sonic Automotive presently has a consensus rating of “Hold” and an average price target of $22.75.
Shares of Sonic Automotive (NYSE SAH) opened at $20.60 on Monday. The company has a market cap of $889.82, a P/E ratio of 12.19, a PEG ratio of 3.25 and a beta of 1.58. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 1.41. Sonic Automotive has a 12-month low of $15.95 and a 12-month high of $27.45.
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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