What is Seaport Res Ptn’s Forecast for SAH FY2025 Earnings?

Sonic Automotive, Inc. (NYSE:SAH) – Investment analysts at Seaport Res Ptn upped their FY2025 earnings per share estimates for Sonic Automotive in a note issued to investors on Sunday, April 20th. Seaport Res Ptn analyst G. Chin now anticipates that the company will post earnings per share of $6.00 for the year, up from their prior forecast of $5.84. The consensus estimate for Sonic Automotive’s current full-year earnings is $6.14 per share.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lowered their target price on Sonic Automotive from $80.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. StockNews.com raised Sonic Automotive from a “hold” rating to a “buy” rating in a research report on Monday. Needham & Company LLC cut their target price on Sonic Automotive from $100.00 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Finally, Stephens raised their price target on shares of Sonic Automotive from $83.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sonic Automotive has a consensus rating of “Buy” and an average price target of $74.80.

Sonic Automotive Trading Up 2.7 %

Shares of NYSE:SAH opened at $59.72 on Wednesday. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 9.66 and a beta of 1.43. Sonic Automotive has a 12 month low of $49.77 and a 12 month high of $76.78. The company’s fifty day simple moving average is $62.80 and its 200 day simple moving average is $64.13. The company has a quick ratio of 0.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.75.

Sonic Automotive (NYSE:SAH) last posted its earnings results on Wednesday, February 12th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.05. Sonic Automotive had a return on equity of 19.96% and a net margin of 1.52%.

Sonic Automotive Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were paid a $0.35 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.34%. Sonic Automotive’s dividend payout ratio is 22.65%.

Institutional Investors Weigh In On Sonic Automotive

A number of institutional investors and hedge funds have recently made changes to their positions in SAH. Barclays PLC grew its stake in shares of Sonic Automotive by 346.1% in the third quarter. Barclays PLC now owns 24,413 shares of the company’s stock valued at $1,427,000 after buying an additional 18,940 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Sonic Automotive by 6.7% in the 3rd quarter. Franklin Resources Inc. now owns 9,643 shares of the company’s stock valued at $530,000 after acquiring an additional 609 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Sonic Automotive by 68.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 53,231 shares of the company’s stock worth $3,113,000 after purchasing an additional 21,650 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Sonic Automotive by 1.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 56,361 shares of the company’s stock valued at $3,570,000 after purchasing an additional 978 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Sonic Automotive in the 4th quarter valued at about $244,000. Institutional investors own 46.92% of the company’s stock.

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.