Sonic Automotive (NYSE:SAH – Get Free Report) issued its earnings results on Thursday. The company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.17), Zacks reports. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Sonic Automotive had a return on equity of 25.31% and a net margin of 1.35%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.02 earnings per share.
Sonic Automotive Stock Down 1.0 %
Shares of SAH stock traded down $0.57 during trading hours on Friday, hitting $56.87. 223,432 shares of the company’s stock traded hands, compared to its average volume of 197,074. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 2.04. The stock’s fifty day simple moving average is $57.74 and its two-hundred day simple moving average is $56.57. Sonic Automotive has a 12-month low of $46.33 and a 12-month high of $64.68. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 10.49 and a beta of 1.60.
Sonic Automotive Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Friday, December 13th. This is a boost from Sonic Automotive’s previous quarterly dividend of $0.30. Sonic Automotive’s dividend payout ratio is 22.18%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on Sonic Automotive
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.
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