Sonic Automotive (NYSE:SAH – Get Free Report) announced its earnings results on Thursday. The company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.17), Zacks reports. Sonic Automotive had a net margin of 1.35% and a return on equity of 25.31%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same period in the prior year, the business posted $2.02 EPS. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year.
Sonic Automotive Stock Performance
Shares of NYSE SAH traded down $0.57 during midday trading on Friday, hitting $56.87. 223,432 shares of the company’s stock were exchanged, compared to its average volume of 197,074. 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 has a 12 month low of $46.33 and a 12 month high of $64.68. The company’s 50 day moving average price is $57.74 and its 200 day moving average price is $56.57. The firm has a market capitalization of $1.94 billion, a PE ratio of 10.49 and a beta of 1.60.
Sonic Automotive Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.35 per share. This is an increase from Sonic Automotive’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Friday, December 13th. Sonic Automotive’s payout ratio is currently 22.18%.
Analyst Ratings Changes
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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.
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