Sonic Automotive, Inc. (SAH) Announces Quarterly Earnings Results

18 Août, 2017, 16:29 | Author: Marc Bacque
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(NYSE:SAH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. Capstone Asset Management Co. now owns 16,133 shares of the company's stock valued at $314,000 after buying an additional 230 shares during the period. Riverhead Capital Management Ltd Limited Liability Company invested 0% in Sonic Automotive Inc (NYSE:SAH).

Other large investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its stake in shares of Sonic Automotive by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the company's stock valued at $215,000 after buying an additional 100 shares during the period. FMR LLC increased its position in Sonic Automotive by 2.8% in the first quarter. Arizona State Retirement System raised its position in Sonic Automotive by 1.5% in the first quarter. Finally, Mason Street Advisors LLC raised its position in Sonic Automotive by 7.1% in the first quarter. The Silvercrest Asset Management Group Llc holds 3.99M shares with $53.06 million value, up from 3.59M last quarter. Bank of New York Mellon Corp raised its position in shares of Sonic Automotive by 67.1% in the first quarter. Sonic Automotive, has a 1 year low of $16.45 has a 1 year high of $27.45. Guggenheim Capital Llc acquired 87,765 shares as Sonic Automotive Inc (SAH)'s stock declined 21.47%. The firm purchased 11,337 shares of the company's stock, valued at approximately $221,000. The rating was maintained by RBC Capital Markets with "Buy" on Thursday, June 1. Sonic Automotive, Inc. The company's 50-day moving average price is $18.44 and its 200-day moving average price is $19.81.

Sonic Automotive (NYSE:SAH) last announced its quarterly earnings data on Friday, July 28th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.46 by $0.06, Bloomberg Earnings reports. Denali Advisors Ltd Liability has 0% invested in Sonic Automotive Inc (NYSE:SAH) for 168 shares. The company had revenue of $2.41 billion for the quarter, compared to analysts' expectations of $2.44 billion. During the same quarter in the prior year, the company earned $0.50 earnings per share. The company's revenue for the quarter was up 1.0% compared to the same quarter a year ago. Eight equity analysts rating the company a strong buy, four equity analysts rating the company a buy, thirteen equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $854.42.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Qs Investors Ltd Liability Corp has invested 0.02% in Sonic Automotive Inc (NYSE:SAH). The ex-dividend date is Thurs, Sep 14th. this indicates a $0.20 annual dividend and a payout of of 1.18%. This represents a $0.20 annualized dividend and a dividend yield of 1.20%. Sonic Automotive's dividend payout ratio is now 13.42%.

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Several analysts have recently weighed in on SAH shares. Jefferies Group LLC restated a "hold" rating and set a $22.00 price target on shares of Sonic Automotive in a research note on Wednesday, May 3rd. ValuEngine cut Sonic Automotive from a "strong-buy" recommendation to a "buy" recommendation in a analysis note on Friday morning, Jun 2nd. TheStreet cut shares of Sonic Automotive from a "b" rating to a "c+" rating in a research report on Tuesday, May 30th. Morgan Stanley dropped their target price on Sonic Automotive from $25.00 to $23.00 and set an "overweight" rating on the stock in a report on Friday, June 9th. BidaskClub cut shares of Sonic Automotive from a "hold" rating to a "sell" rating in a research note on Friday, July 28th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock.

09/09/2015 - Evercore ISI began new coverage on Sonic Automotive, Inc. giving the company a "hold" rating.

Sonic Automotive Inc now has $734.68 million valuation. The Company's operating segments include Franchised Dealerships and EchoPark. The Company's Franchised Dealerships segment consists of retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle fix and maintenance services, and arrange finance and insurance products.

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