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

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

Sonic Automotive (NYSE:SAH) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $1.63 earnings per share (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 firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the firm earned $2.61 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. 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 Trading Up 1.5 %

Shares of SAH stock opened at $49.36 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 2.10. The business has a 50-day moving average price of $52.51 and a two-hundred day moving average price of $51.78. Sonic Automotive has a 12-month low of $39.02 and a 12-month high of $60.24. The firm has a market cap of $1.68 billion, a P/E ratio of 9.93 and a beta of 1.82.

Sonic Automotive Dividend Announcement

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

Analysts Set New Price Targets

SAH has been the subject of several research analyst reports. Morgan Stanley lifted their price target on Sonic Automotive from $35.00 to $40.00 and gave the stock an “underweight” rating in a research note on Thursday, February 29th. TheStreet raised Sonic Automotive from a “c+” rating to a “b” rating in a research note on Wednesday, March 6th. StockNews.com lowered Sonic Automotive from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Bank of America lowered their target price on Sonic Automotive from $60.00 to $55.00 and set an “underperform” rating for the company in a research note on Thursday, February 29th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.