Sonic (NASDAQ:SONC) will be announcing its earnings results after the market closes on Tuesday, March 27th. Analysts expect the company to announce earnings of $0.15 per share for the quarter.
Sonic (NASDAQ:SONC) last released its quarterly earnings results on Thursday, January 4th. The restaurant operator reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The business had revenue of $105.40 million during the quarter, compared to analysts’ expectations of $106.86 million. Sonic had a negative return on equity of 28.95% and a net margin of 13.68%. The firm’s revenue for the quarter was down 18.7% compared to the same quarter last year. During the same period last year, the firm posted $0.24 EPS. On average, analysts expect Sonic to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Sonic stock opened at $24.52 on Friday. The firm has a market capitalization of $959.53, a P/E ratio of 16.57, a P/E/G ratio of 1.11 and a beta of 1.55. The company has a debt-to-equity ratio of -2.87, a quick ratio of 1.81 and a current ratio of 1.81. Sonic has a fifty-two week low of $22.11 and a fifty-two week high of $30.05.
Several analysts recently weighed in on SONC shares. BidaskClub cut Sonic from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Barclays lifted their price target on Sonic from $27.00 to $28.00 and gave the stock an “underweight” rating in a report on Tuesday, January 16th. Wells Fargo dropped their price target on Sonic from $30.00 to $27.00 and set a “market perform” rating for the company in a report on Monday, March 19th. Guggenheim reissued a “buy” rating and set a $31.00 price target (up from $29.00) on shares of Sonic in a report on Thursday, December 28th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $28.00 price target (down from $31.00) on shares of Sonic in a report on Wednesday, March 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.21.
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Sonic Corp. operates and franchises the chain of drive-thru restaurants (Sonic Drive-Ins) in the United States. As of August 31, 2016, 3,557 Sonic Drive-Ins were in operation from coast to coast in 45 states, consisting of 345 Company drive-thrus and 3,212 franchise drive-thrus. As of August 31, 2016, its restaurant design and construction consisted of a kitchen housed in a one-story building, which was approximately 1,500 square feet, flanked by canopy-covered rows of 16 to 24 parking spaces, with each space having its own payment terminal, intercom speaker system and menu board.
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