Sonic Automotive (NYSE:SAH – Get Free Report) posted its earnings results on Thursday. The company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.17), Zacks reports. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.55 billion. Sonic Automotive had a return on equity of 25.31% and a net margin of 1.35%. The company’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.02 earnings per share.
Sonic Automotive Stock Down 1.0 %
SAH stock opened at $56.87 on Friday. The business’s 50-day moving average price is $57.66 and its 200-day moving average price is $56.62. Sonic Automotive has a twelve month low of $46.33 and a twelve month high of $64.68. The stock has a market cap of $1.94 billion, a P/E ratio of 10.51 and a beta of 1.60. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 2.04.
Sonic Automotive Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.46%. This is a positive change from Sonic Automotive’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, December 13th. Sonic Automotive’s payout ratio is 22.18%.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on SAH
Sonic Automotive Company Profile
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
- Five stocks we like better than Sonic Automotive
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Real Estate Sector Outperforms: 3 Stocks to Gain Exposure
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- How Technical Indicators Can Help You Find Oversold Stocks
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
Receive News & Ratings for Sonic Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonic Automotive and related companies with MarketBeat.com's FREE daily email newsletter.