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.

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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.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Thursday, March 15th were paid a dividend of $0.06 per share. This is a positive change from Sonic Automotive’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.22%. The ex-dividend date was Wednesday, March 14th. Sonic Automotive’s dividend payout ratio is currently 12.97%.

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.

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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.

Earnings History for Sonic Automotive (NYSE:SAH)

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