Sonic Automotive (SAH) to Release Earnings on Wednesday

Sonic Automotive (NYSE:SAHGet Free Report) is scheduled to post its quarterly earnings results before the market opens on Wednesday, February 14th. Analysts expect Sonic Automotive to post earnings of $1.79 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Sonic Automotive Stock Up 3.3 %

NYSE:SAH opened at $52.31 on Wednesday. Sonic Automotive has a 12-month low of $39.02 and a 12-month high of $62.26. The company has a quick ratio of 0.40, a current ratio of 1.12 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $1.77 billion, a P/E ratio of -38.46 and a beta of 1.83. The stock’s fifty day simple moving average is $53.15 and its 200-day simple moving average is $50.93.

Institutional Trading of Sonic Automotive

A number of large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Sonic Automotive by 2.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,976 shares of the company’s stock worth $651,000 after purchasing an additional 248 shares in the last quarter. FMR LLC increased its stake in Sonic Automotive by 0.9% in the 1st quarter. FMR LLC now owns 29,209 shares of the company’s stock valued at $1,587,000 after buying an additional 258 shares during the last quarter. Captrust Financial Advisors increased its stake in Sonic Automotive by 5.2% in the 2nd quarter. Captrust Financial Advisors now owns 5,720 shares of the company’s stock valued at $211,000 after buying an additional 281 shares during the last quarter. Royal Bank of Canada increased its stake in Sonic Automotive by 2.9% in the 3rd quarter. Royal Bank of Canada now owns 10,486 shares of the company’s stock valued at $501,000 after buying an additional 296 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in Sonic Automotive by 5.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 6,014 shares of the company’s stock valued at $286,000 after buying an additional 324 shares during the last quarter. 48.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SAH. Benchmark boosted their price target on Sonic Automotive from $58.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. JPMorgan Chase & Co. cut Sonic Automotive from a “neutral” rating to an “underweight” rating and set a $50.00 price target for the company. in a research note on Tuesday, October 31st. StockNews.com downgraded shares of Sonic Automotive from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Finally, TheStreet upgraded shares of Sonic Automotive from a “c” rating to a “b” rating in a report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Sonic Automotive currently has an average rating of “Hold” and an average target price of $51.75.

Read Our Latest Analysis on Sonic Automotive

About Sonic Automotive

(Get Free Report)

Sonic Automotive, Inc operates as an automotive retailer in the United States. It operates in three segments, Franchised Dealerships, EchoPark, and Powersports. 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 for its guests.

Further Reading

Earnings History for Sonic Automotive (NYSE:SAH)

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