Sonida Senior Living (NYSE:SNDA) Announces Quarterly Earnings Results

Sonida Senior Living (NYSE:SNDA) released its quarterly earnings data on Monday. The company reported ($0.52) earnings per share (EPS) for the quarter, RTT News reports. Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. The business had revenue of $207.65 million during the quarter.

Sonida Senior Living Stock Performance

Shares of Sonida Senior Living stock opened at $40.33 on Monday. The company has a 50-day simple moving average of $38.58. The company has a market capitalization of $1.91 billion, a PE ratio of -6.92 and a beta of 0.80. Sonida Senior Living has a 52-week low of $23.93 and a 52-week high of $44.38. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44.

Analysts Set New Price Targets

SNDA has been the topic of a number of research analyst reports. Robert W. Baird increased their price target on Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings raised shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 29th. Citigroup initiated coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They issued a “market outperform” rating on the stock. Royal Bank Of Canada increased their price objective on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, Cantor Fitzgerald raised their target price on shares of Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.00.

Insider Buying and Selling

In related news, Director Benjamin P. Harris sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total transaction of $93,650.00. Following the transaction, the director directly owned 9,182 shares of the company’s stock, valued at approximately $343,957.72. This trade represents a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 39.30% of the company’s stock.

Sonida Senior Living Company Profile

Sonida Senior Living (NYSE: SNDA) is a publicly traded company that owns and operates senior living communities in the United States. The company’s core business centers on providing housing and care services for older adults, with an emphasis on assisted living, memory care and related supportive services tailored to residents’ needs.

Sonida’s communities combine residential accommodations with on-site services such as personal care assistance, medication management, dining programs, social and recreational activities, and clinical oversight.