Sonic Automotive (NYSE:SAH - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect Sonic Automotive to post earnings of $1.46 per share and revenue of $3.61 billion for the quarter. Parties interested in listening to the company's conference call can do so using this link.
Sonic Automotive Stock Down 2.6 %
Sonic Automotive stock traded down $1.95 during trading hours on Friday, hitting $73.03. The company had a trading volume of 238,082 shares, compared to its average volume of 159,363. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.11 and a quick ratio of 0.35. Sonic Automotive has a fifty-two week low of $47.82 and a fifty-two week high of $76.49. The firm's fifty day moving average is $67.54 and its 200-day moving average is $62.23. The firm has a market capitalization of $2.50 billion, a P/E ratio of 13.00 and a beta of 1.68.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on SAH shares. Stephens raised Sonic Automotive from a "hold" rating to a "strong-buy" rating in a report on Friday, January 24th. Needham & Company LLC restated a "buy" rating and issued a $74.00 target price on shares of Sonic Automotive in a research note on Thursday, January 16th. Bank of America decreased their price objective on Sonic Automotive from $67.00 to $66.00 and set a "buy" rating on the stock in a report on Monday, October 14th. JPMorgan Chase & Co. reduced their target price on Sonic Automotive from $75.00 to $74.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Finally, Seaport Res Ptn upgraded Sonic Automotive from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $67.20.
Read Our Latest Stock Analysis on SAH
Sonic Automotive Company Profile
(
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.
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