Sonic Automotive (SAH) Getting Somewhat Positive News Coverage, Report Shows

Media headlines about Sonic Automotive (NYSE:SAH) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sonic Automotive earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.0467371979404 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

A number of equities research analysts recently weighed in on the company. ValuEngine downgraded Sonic Automotive from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Zacks Investment Research raised Sonic Automotive from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Bank of America downgraded Sonic Automotive from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 19th. TheStreet raised Sonic Automotive from a “c+” rating to a “b” rating in a research report on Wednesday, October 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Sonic Automotive in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.67.

Shares of Sonic Automotive (SAH) opened at $20.15 on Monday. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 1.41. Sonic Automotive has a 12 month low of $15.95 and a 12 month high of $27.45. The company has a market capitalization of $870.39, a PE ratio of 11.95, a price-to-earnings-growth ratio of 3.69 and a beta of 1.56.

Sonic Automotive (NYSE:SAH) last released its quarterly earnings results on Tuesday, October 24th. The company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. Sonic Automotive had a return on equity of 10.47% and a net margin of 0.70%. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period last year, the business posted $0.47 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. equities research analysts predict that Sonic Automotive will post 1.82 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, December 14th. Sonic Automotive’s dividend payout ratio (DPR) is presently 12.82%.

In other Sonic Automotive news, CFO Heath Byrd sold 11,000 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $20.43, for a total value of $224,730.00. Following the completion of the sale, the chief financial officer now directly owns 143,306 shares in the company, valued at $2,927,741.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jeff Dyke sold 8,551 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $20.10, for a total value of $171,875.10. Following the completion of the sale, the executive vice president now owns 1,262,056 shares of the company’s stock, valued at $25,367,325.60. The disclosure for this sale can be found here. Company insiders own 30.29% of the company’s stock.

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Sonic Automotive Company Profile

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.

Insider Buying and Selling by Quarter for Sonic Automotive (NYSE:SAH)

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