Analysts predict that Sonic Automotive Inc (NYSE:SAH) will announce earnings per share (EPS) of $0.47 for the current quarter, according to Zacks. Two analysts have made estimates for Sonic Automotive’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.51. Sonic Automotive posted earnings per share of $0.35 during the same quarter last year, which indicates a positive year-over-year growth rate of 34.3%. The company is scheduled to report its next quarterly earnings results before the market opens on Thursday, July 25th.

According to Zacks, analysts expect that Sonic Automotive will report full-year earnings of $2.12 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.25. For the next fiscal year, analysts expect that the company will report earnings of $2.17 per share, with EPS estimates ranging from $2.10 to $2.28. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Sonic Automotive.

Sonic Automotive (NYSE:SAH) last posted its earnings results on Thursday, April 25th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.17. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Sonic Automotive had a net margin of 0.97% and a return on equity of 10.12%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS.

SAH has been the topic of several research analyst reports. Zacks Investment Research cut shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. TheStreet upgraded shares of BlackRock TCP Capital from a “c+” rating to a “b” rating in a research note on Tuesday, May 28th. Stephens upgraded shares of Sonic Automotive from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $19.00 to $30.00 in a research note on Wednesday, June 5th. Morgan Stanley upped their target price on shares of Sonic Automotive from $10.00 to $18.00 and gave the company an “underweight” rating in a research note on Monday, May 6th. Finally, ValuEngine cut shares of Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.50.

SAH traded up $0.18 during midday trading on Friday, hitting $23.78. 3,615 shares of the company traded hands, compared to its average volume of 258,536. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 1.03. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 3.72 and a beta of 1.85. The firm has a 50-day moving average of $22.16. Sonic Automotive has a 52 week low of $12.78 and a 52 week high of $24.05.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 14th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Thursday, June 13th. Sonic Automotive’s dividend payout ratio (DPR) is presently 22.60%.

In other news, CFO Heath Byrd sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $23.60, for a total value of $354,000.00. Following the transaction, the chief financial officer now owns 177,242 shares in the company, valued at approximately $4,182,911.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 31.60% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of SAH. BNP Paribas Arbitrage SA increased its holdings in Sonic Automotive by 291.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,689 shares of the company’s stock worth $99,000 after acquiring an additional 4,980 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Sonic Automotive by 436.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,786 shares of the company’s stock worth $121,000 after acquiring an additional 7,148 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in Sonic Automotive in the 4th quarter worth approximately $124,000. GSA Capital Partners LLP purchased a new stake in Sonic Automotive in the 4th quarter worth approximately $150,000. Finally, Louisiana State Employees Retirement System purchased a new stake in Sonic Automotive in the 2nd quarter worth approximately $209,000. Hedge funds and other institutional investors own 60.83% of the company’s stock.

About Sonic Automotive

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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