Somewhat Positive Press Coverage Somewhat Unlikely to Impact Sonic Automotive (SAH) Stock Price
News coverage about Sonic Automotive (NYSE:SAH) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sonic Automotive earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 48.1556236642631 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Sonic Automotive closes on Independence Boulevard site for used-car concept (finance.yahoo.com)
- Sonic Automotive, Inc. (SAH) Upgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Q4 2017 EPS Estimates for Sonic Automotive, Inc. Boosted by Analyst (SAH) (americanbankingnews.com)
- Jeff Dyke Sells 8,551 Shares of Sonic Automotive, Inc. (SAH) Stock (americanbankingnews.com)
- Sonic Automotive, Inc. (SAH) CFO Sells $224,730.00 in Stock (americanbankingnews.com)
Shares of Sonic Automotive (NYSE SAH) traded down $0.45 during trading hours on Friday, hitting $20.40. 183,572 shares of the stock were exchanged, compared to its average volume of 276,985. The firm has a market capitalization of $894.76, a PE ratio of 12.07, a PEG ratio of 3.71 and a beta of 1.54. 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 (NYSE:SAH) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Sonic Automotive had a net margin of 0.70% and a return on equity of 10.47%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. analysts anticipate that Sonic Automotive will post 1.83 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 annualized dividend and a yield of 0.98%. Sonic Automotive’s payout ratio is currently 13.07%.
SAH has been the subject of a number of research reports. Bank of America Corporation cut shares of Sonic Automotive from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 19th. Zacks Investment Research raised shares of Sonic Automotive from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. BidaskClub cut shares of Sonic Automotive from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. KeyCorp reaffirmed a “hold” rating on shares of Sonic Automotive in a report on Friday, September 1st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $22.00 target price on shares of Sonic Automotive in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $23.67.
In other news, EVP Jeff Dyke sold 8,551 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $20.10, for a total value of $171,875.10. Following the sale, the executive vice president now directly owns 1,262,056 shares in the company, valued at $25,367,325.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Heath Byrd sold 11,000 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $20.43, for a total transaction of $224,730.00. Following the completion of the sale, the chief financial officer now owns 143,306 shares in the company, valued at $2,927,741.58. The disclosure for this sale can be found here. Corporate insiders own 30.29% of the company’s stock.
About Sonic Automotive
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.
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