FY2025 Earnings Forecast for SAH Issued By Seaport Res Ptn

Sonic Automotive, Inc. (NYSE:SAH) – Seaport Res Ptn raised their FY2025 EPS estimates for Sonic Automotive in a report issued on Monday, August 11th. Seaport Res Ptn analyst G. Chin now expects that the company will post earnings per share of $7.29 for the year, up from their prior estimate of $6.40. The consensus estimate for Sonic Automotive’s current full-year earnings is $6.14 per share.

Sonic Automotive (NYSE:SAH) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.56. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.66 billion. Sonic Automotive had a net margin of 1.07% and a return on equity of 21.40%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.47 earnings per share.

SAH has been the topic of a number of other reports. Needham & Company LLC reiterated a “buy” rating and set a $95.00 price objective on shares of Sonic Automotive in a research note on Wednesday, August 6th. Benchmark increased their price objective on shares of Sonic Automotive from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $72.00 price objective (up from $65.00) on shares of Sonic Automotive in a research note on Thursday, July 17th. Citigroup started coverage on shares of Sonic Automotive in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $64.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of Sonic Automotive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $79.86.

Sonic Automotive Trading Down 2.3%

Shares of Sonic Automotive stock opened at $79.28 on Thursday. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 17.62 and a beta of 0.99. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of 1.78. Sonic Automotive has a 12-month low of $52.00 and a 12-month high of $89.62. The firm’s 50-day moving average price is $79.00 and its two-hundred day moving average price is $70.12.

Hedge Funds Weigh In On Sonic Automotive

Several large investors have recently modified their holdings of SAH. Northwestern Mutual Wealth Management Co. raised its stake in shares of Sonic Automotive by 992.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 437 shares of the company’s stock valued at $35,000 after acquiring an additional 397 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Sonic Automotive during the fourth quarter valued at $51,000. Quarry LP bought a new position in shares of Sonic Automotive during the first quarter valued at $84,000. Raymond James Financial Inc. bought a new position in shares of Sonic Automotive during the second quarter valued at $168,000. Finally, Entropy Technologies LP bought a new position in shares of Sonic Automotive during the second quarter valued at $208,000. Institutional investors own 46.92% of the company’s stock.

Insider Buying and Selling

In other Sonic Automotive news, President Jeff Dyke sold 576 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $70.02, for a total transaction of $40,331.52. Following the sale, the president directly owned 605,393 shares of the company’s stock, valued at $42,389,617.86. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 50,000 shares of company stock worth $3,502,062. 42.65% of the stock is owned by company insiders.

Sonic Automotive Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, September 15th. This is an increase from Sonic Automotive’s previous quarterly dividend of $0.35. Sonic Automotive’s dividend payout ratio is 31.11%.

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.