Sonic Automotive (SAH) to Release Quarterly Earnings on Wednesday

Sonic Automotive (NYSE:SAH) is expected to release its earnings data 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. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Sonic Automotive Stock Performance

NYSE SAH opened at $73.04 on Tuesday. The stock has a market capitalization of $2.50 billion, a PE ratio of 13.00 and a beta of 1.68. Sonic Automotive has a 1-year low of $47.82 and a 1-year high of $76.49. The business has a 50 day simple moving average of $67.61 and a two-hundred day simple moving average of $62.38. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.11 and a quick ratio of 0.35.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SAH. Stephens upgraded shares of Sonic Automotive from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Sonic Automotive in a research note on Thursday, January 16th. Seaport Res Ptn raised Sonic Automotive from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. dropped their price target on shares of Sonic Automotive from $75.00 to $74.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Bank of America reduced their price objective on shares of Sonic Automotive from $67.00 to $66.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. One 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’s stock. According to data from MarketBeat, Sonic Automotive currently has a consensus rating of “Buy” and an average target price of $67.20.

About Sonic Automotive

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.