Sonic Automotive (SAH) Set to Announce Quarterly Earnings on Thursday

Sonic Automotive (NYSE:SAH) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Sonic Automotive to post earnings of $1.26 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Sonic Automotive (NYSE:SAH) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $1.63 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.17). Sonic Automotive had a return on equity of 28.06% and a net margin of 1.24%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the business earned $2.61 earnings per share. Sonic Automotive’s revenue was down .2% compared to the same quarter last year. On average, analysts expect Sonic Automotive to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Sonic Automotive Price Performance

Shares of NYSE:SAH opened at $49.36 on Tuesday. The company’s fifty day moving average price is $52.51 and its 200 day moving average price is $51.78. Sonic Automotive has a 12 month low of $39.02 and a 12 month high of $60.24. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.10 and a quick ratio of 0.41. The firm has a market capitalization of $1.68 billion, a P/E ratio of 9.93 and a beta of 1.82.

Sonic Automotive Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 annualized dividend and a yield of 2.43%. Sonic Automotive’s dividend payout ratio is currently 24.14%.

Analysts Set New Price Targets

Several brokerages recently commented on SAH. Bank of America cut their price target on shares of Sonic Automotive from $60.00 to $55.00 and set an “underperform” rating on the stock in a research note on Thursday, February 29th. StockNews.com lowered shares of Sonic Automotive from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Morgan Stanley boosted their price target on shares of Sonic Automotive from $35.00 to $40.00 and gave the stock an “underweight” rating in a research note on Thursday, February 29th. Finally, TheStreet upgraded shares of Sonic Automotive from a “c+” rating to a “b” rating in a research note on Wednesday, March 6th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $53.40.

Sonic Automotive Company Profile

Sonic Automotive, Inc operates as an automotive retailer in the United States. It operates in three segments, Franchised Dealerships, EchoPark, and Powersports. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests.