Sonic Automotive (SAH) Set to Announce Earnings on Tuesday

Sonic Automotive (NYSE:SAH) will post its quarterly earnings results on Tuesday, April 24th. Analysts expect Sonic Automotive to post earnings of $0.47 per share for the quarter.

Sonic Automotive (NYSE:SAH) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. Sonic Automotive had a net margin of 0.94% and a return on equity of 11.17%. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period last year, the firm earned $0.66 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. On average, analysts expect Sonic Automotive to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

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NYSE SAH opened at $19.25 on Friday. Sonic Automotive has a 52-week low of $15.95 and a 52-week high of $22.75. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.03 and a quick ratio of 0.26. The stock has a market cap of $831.29, a P/E ratio of 10.41, a P/E/G ratio of 2.89 and a beta of 1.61.



The business also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Thursday, March 15th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, March 14th. This is an increase from Sonic Automotive’s previous quarterly dividend of $0.05. Sonic Automotive’s dividend payout ratio (DPR) is 12.97%.

A number of analysts recently issued reports on the stock. ValuEngine downgraded shares of Sonic Automotive from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Sonic Automotive from a “sell” rating to a “hold” rating and set a $23.00 price objective for the company in a report on Tuesday, January 9th. Morgan Stanley raised their price objective on shares of Sonic Automotive from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, March 14th. Finally, Bank of America upgraded shares of Sonic Automotive from an “underperform” rating to a “neutral” rating and set a $23.00 price objective for the company in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $23.25.

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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.

Earnings History for Sonic Automotive (NYSE:SAH)

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