Media coverage about Sonic Automotive (NYSE:SAH) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sonic Automotive earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.0179964256881 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Sonic Automotive (SAH) opened at $18.90 on Thursday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.06 and a quick ratio of 0.26. The firm has a market capitalization of $827.20, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 3.49 and a beta of 1.56. Sonic Automotive has a one year low of $15.95 and a one year high of $27.45.
Sonic Automotive (NYSE:SAH) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $0.40 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.40. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.54 billion. Sonic Automotive had a return on equity of 10.47% and a net margin of 0.70%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share. equities research analysts predict that Sonic Automotive will post 1.82 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.06%. Sonic Automotive’s dividend payout ratio is currently 12.82%.
SAH has been the topic of a number of research analyst reports. Bank of America lowered Sonic Automotive from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 19th. Zacks Investment Research raised Sonic Automotive from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. ValuEngine raised Sonic Automotive from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. KeyCorp reaffirmed a “hold” rating on shares of Sonic Automotive in a research report on Friday, September 1st. Finally, TheStreet raised Sonic Automotive from a “c+” rating to a “b” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Sonic Automotive has an average rating of “Hold” and an average price target of $23.67.
In related news, EVP Jeff Dyke sold 8,551 shares of Sonic Automotive stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $20.10, for a total transaction of $171,875.10. Following the completion of the sale, the executive vice president now directly owns 1,262,056 shares of the company’s stock, valued at approximately $25,367,325.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Heath Byrd sold 11,000 shares of Sonic Automotive stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $20.43, for a total value of $224,730.00. Following the sale, the chief financial officer now directly owns 143,306 shares of the company’s stock, valued at $2,927,741.58. The disclosure for this sale can be found here. Insiders own 30.29% of the company’s stock.
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About Sonic Automotive
Sonic Automotive, Inc is an automotive retailer in the United States. The Company’s operating segments include Franchised Dealerships and EchoPark. Its Franchised Dealerships segment consists of retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle repair and maintenance services, and arrange finance and insurance products.
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