Sonic Automotive (SAH) Receiving Somewhat Positive Press Coverage, Report Finds

News coverage about Sonic Automotive (NYSE:SAH) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sonic Automotive earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.8419522047428 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

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NYSE SAH opened at $19.20 on Friday. The firm has a market capitalization of $831.29, a PE ratio of 10.38, a PEG ratio of 2.88 and a beta of 1.61. Sonic Automotive has a 52 week low of $15.95 and a 52 week high of $22.75. The company has a quick ratio of 0.26, a current ratio of 1.03 and a debt-to-equity ratio of 1.22.

Sonic Automotive (NYSE:SAH) last released its earnings results on Tuesday, February 27th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.03. The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Sonic Automotive had a return on equity of 11.17% and a net margin of 0.94%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.66 EPS. equities research analysts expect that Sonic Automotive will post 2.27 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 15th will be paid a $0.06 dividend. This is a boost from Sonic Automotive’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, March 14th. Sonic Automotive’s dividend payout ratio (DPR) is 12.97%.

A number of equities research analysts recently weighed in on the company. Bank of America raised Sonic Automotive from an “underperform” rating to a “neutral” rating and set a $23.00 price target for the company in a report on Monday, January 8th. Zacks Investment Research cut Sonic Automotive from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Morgan Stanley raised their price target on Sonic Automotive from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, March 14th. Finally, ValuEngine cut Sonic Automotive from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $23.25.

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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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