Sonic Automotive, Inc. (SAH) Updates FY12 Earnings Guidance
Sonic Automotive, Inc. (SAH) updated its FY12 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $1.65-1.70 for the period. Sonic Automotive also updated its Q3 guidance to $0.40 EPS.
A number of analysts have recently weighed in on SAH shares. Analysts at Morgan Stanley initiated coverage on shares of Sonic Automotive in a research note to investors on Wednesday, September 12th. They set an underweight rating and a $20.00 price target on the stock. Analysts at UBS AG reiterated a neutral rating on shares of Sonic Automotive in a research note to investors on Tuesday, July 24th.
Sonic Automotive, Inc. (SAH) traded up 0.88% on Friday, hitting $19.46. Sonic Automotive, Inc. (SAH) has a 52-week low of $11.88 and a 52-week high of $19.96. The company has a market cap of $1.034 billion and a price-to-earnings ratio of 12.93.
Sonic Automotive last posted its quarterly earnings results on Monday, July 23rd. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.02. Sonic Automotive’s revenue was up 12.3% compared to the same quarter last year. Analysts expect that Sonic Automotive, Inc. (SAH) will post $1.68 EPS for the current fiscal year.
Sonic Automotive, Inc. (Sonic) operates as an automotive retailer in the United States. As of January 31, 2009, the Company operated 145 dealership franchises at 122 dealership locations, representing 29 different brands of cars and light trucks, and 26 collision repair centers in 15 states.
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