$0.57 Earnings Per Share Expected for Sonic Automotive Inc (NYSE:SAH) This Quarter

Equities analysts expect Sonic Automotive Inc (NYSE:SAH) to post earnings per share of $0.57 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Sonic Automotive’s earnings, with estimates ranging from $0.50 to $0.62. Sonic Automotive posted earnings of $0.43 per share during the same quarter last year, which would suggest a positive year over year growth rate of 32.6%. The company is scheduled to report its next quarterly earnings results on Thursday, October 24th.

On average, analysts expect that Sonic Automotive will report full year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.30 to $2.45. For the next financial year, analysts expect that the company will post earnings of $2.50 per share, with EPS estimates ranging from $2.36 to $2.75. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Sonic Automotive.

Sonic Automotive (NYSE:SAH) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.15. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.52 billion. Sonic Automotive had a net margin of 1.05% and a return on equity of 11.27%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 EPS.



A number of research firms have commented on SAH. Bank of America cut shares of Sonic Automotive from a “neutral” rating to an “underperform” rating in a research note on Friday, September 13th. Buckingham Research boosted their target price on shares of Sonic Automotive from $15.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. TheStreet upgraded shares of Sonic Automotive from a “c” rating to a “b” rating in a report on Tuesday, May 28th. Stephens upgraded shares of Sonic Automotive from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $19.00 to $30.00 in a report on Wednesday, June 5th. Finally, ValuEngine downgraded shares of Sonic Automotive from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $24.50.

Shares of NYSE SAH traded down $0.72 during trading on Wednesday, reaching $29.05. 4,146 shares of the company traded hands, compared to its average volume of 298,116. The firm has a 50 day simple moving average of $27.72 and a 200-day simple moving average of $21.26. Sonic Automotive has a 52-week low of $12.78 and a 52-week high of $32.68. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $1.26 billion, a PE ratio of 16.37, a P/E/G ratio of 4.38 and a beta of 1.86.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. Sonic Automotive’s payout ratio is 22.60%.

In other news, President Jeff Dyke sold 25,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $30.00, for a total transaction of $750,000.00. Following the sale, the president now owns 1,290,003 shares in the company, valued at $38,700,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.60% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. C M Bidwell & Associates Ltd. purchased a new stake in Sonic Automotive in the second quarter valued at approximately $38,000. Bank of Montreal Can boosted its position in Sonic Automotive by 297.0% in the second quarter. Bank of Montreal Can now owns 3,871 shares of the company’s stock valued at $89,000 after buying an additional 2,896 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position in Sonic Automotive by 32.2% in the second quarter. Capital Investment Advisory Services LLC now owns 4,051 shares of the company’s stock valued at $96,000 after buying an additional 986 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Sonic Automotive by 291.4% in the first quarter. BNP Paribas Arbitrage SA now owns 6,689 shares of the company’s stock valued at $99,000 after buying an additional 4,980 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Sonic Automotive in the second quarter valued at approximately $204,000. Hedge funds and other institutional investors own 60.46% of the company’s stock.

Sonic Automotive Company Profile

Sonic Automotive, Inc operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. 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.

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

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