Sonic Automotive (SAH) Scheduled to Post Quarterly Earnings on Tuesday
Sonic Automotive (NYSE:SAH) is set to announce its earnings results on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.47 per share for the quarter.
Sonic Automotive (NYSE:SAH) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. Sonic Automotive had a return on equity of 11.17% and a net margin of 0.94%. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period in the prior year, the company posted $0.66 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts expect Sonic Automotive to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Sonic Automotive stock opened at $19.70 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.03 and a quick ratio of 0.26. Sonic Automotive has a 52-week low of $15.95 and a 52-week high of $22.75. The firm has a market cap of $814.33, a price-to-earnings ratio of 10.65, a P/E/G ratio of 2.82 and a beta of 1.60.
SAH has been the topic of several research analyst reports. Zacks Investment Research cut Sonic Automotive from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Bank of America upgraded Sonic Automotive from an “underperform” rating to a “neutral” rating and set a $23.00 target price on the stock in a report on Monday, January 8th. ValuEngine cut Sonic Automotive from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Morgan Stanley increased their target price on Sonic Automotive from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, March 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $23.25.
ILLEGAL ACTIVITY WARNING: “Sonic Automotive (SAH) Scheduled to Post Quarterly Earnings on Tuesday” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.dailypolitical.com/2018/04/17/sonic-automotive-sah-scheduled-to-post-quarterly-earnings-on-tuesday.html.
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.
Receive News & Ratings for Sonic Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonic Automotive and related companies with MarketBeat.com's FREE daily email newsletter.