Sonic Automotive, Inc. (NYSE:SAH) – Stock analysts Seaport Res Ptn released their earnings per share (EPS) estimates for fiscal year 2021 for Sonic Automotive in a report released Sunday, February 6. Seaport Res Ptn analyst G. Chin expects the company to post earnings of $7.58 per share for the year. Seaport Res Ptn also released estimates for Sonic Automotive fourth quarter 2021 earnings at $1.77, first quarter 2022 earnings at $2.30, second quarter 2022 earnings at $2.63, earnings third quarter 2022 earnings at $2.53, fourth quarter 2022 earnings at $2.21 and fiscal year 2022 earnings at $9.67. EPS.
A number of other brokerages have also recently commented on SAH. Zacks Investment Research upgraded Sonic Automotive from a “hold” rating to a “strong-buy” rating and set a target price of $59.00 for the company in a Tuesday, February 1, report. Morgan Stanley downgraded Sonic Automotive from an “equal weight” rating to an “underweight” rating and set a price target of $40.00 for the stock. in a research report on Wednesday, November 17. Finally, StockNews.com upgraded Sonic Automotive from a “hold” rating to a “buy” rating in a research report released Saturday.
Shares of Sonic Automotive opened Wednesday at $49.04. The company has a 50-day moving average of $48.68 and a 200-day moving average of $50.45. Sonic Automotive has a 12 month minimum of $39.25 and a 12 month maximum of $58.00. The stock has a market capitalization of $2.02 billion, a price-earnings ratio of 6.88 and a beta of 2.36. The company has a debt ratio of 0.69, a current ratio of 1.03 and a quick ratio of 0.44.
A number of large investors have recently increased or reduced their stake in SAH. Counterpoint Mutual Funds LLC bought a new position in Sonic Automotive during Q4 for a value of approximately $27,000. Dark Forest Capital Management LP bought a new position in Sonic Automotive stock in Q3 worth about $38,000. Northwestern Mutual Wealth Management Co. increased its stake in Sonic Automotive shares by 138.6% in Q2. Northwestern Mutual Wealth Management Co. now owns 976 shares of the company valued at $44,000 after buying 567 additional shares in the last quarter. Penserra Capital Management LLC bought a new stock position in Sonic Automotive in Q3 worth approximately $84,000. Finally, Islay Capital Management LLC bought a new stock position in Sonic Automotive in Q3 valued at around $122,000. Hedge funds and other institutional investors own 58.04% of the company’s shares.
About Sonic Automotive
Sonic Automotive, Inc operates as an automotive retailer. Its services include the sale of new and used cars and light trucks, the sale of spare parts and the execution of vehicle maintenance, warranty, painting and repair services and the conclusion of service contracts. extended service, financing, insurance, vehicle protection products and other automotive aftermarket products. clients.
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