Sonic Automotive, Inc. (SAH) Releases FY17 Earnings Guidance
Sonic Automotive, Inc. (NYSE:SAH) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.85-1.95 for the period, compared to the Thomson Reuters consensus estimate of $1.84. Sonic Automotive also updated its Q3 guidance to $0.39-0.41 EPS.
Several brokerages have recently commented on SAH. Jefferies Group LLC restated a hold rating and issued a $22.00 target price on shares of Sonic Automotive in a research note on Wednesday, July 19th. BidaskClub downgraded Sonic Automotive from a hold rating to a sell rating in a research note on Friday, July 28th. Finally, KeyCorp restated a hold rating on shares of Sonic Automotive in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $21.75.
Sonic Automotive, Inc. (SAH) traded down 3.47% during trading on Wednesday, reaching $20.85. The company’s stock had a trading volume of 215,536 shares. The firm has a market cap of $914.50 million, a PE ratio of 14.03 and a beta of 1.51. The company has a 50-day moving average of $18.93 and a 200 day moving average of $18.84. Sonic Automotive, Inc. has a one year low of $15.95 and a one year high of $27.45.
Sonic Automotive (NYSE:SAH) last announced its quarterly earnings data on Friday, July 28th. The company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.06). The business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Sonic Automotive had a return on equity of 11.14% and a net margin of 0.69%. Sonic Automotive’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 EPS. Analysts expect that Sonic Automotive, Inc. will post $1.84 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Thursday, September 14th. Sonic Automotive’s dividend payout ratio (DPR) is presently 13.42%.
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About Sonic Automotive
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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