Sonic Automotive, Inc. (NYSE:SAH):
Sonic Automotive, Inc. Reports Third Quarter Results – Record F&I Results and Total Gross Profit.
The company is so far trading down by 1.55%% since yesterday’s close of 19.4.
The company announced a dividend which was paid on Friday October 13th, 2017. The dividend was $0.050 per share for the quarter or $0.20 on an annualized basis. The dividend yield was $1.05. The ex-dividend date was set for Thursday the 14th of September 2017.
Sonic Automotive, Inc., launched on January 30, 1997, is an automotive retailer in the United States. The Business’s operating segments include Franchised Dealerships and EchoPark. The Business’s 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. The EchoPark segment consists of standalone specialty retail locations that provide customers an opportunity to search, buy, service, finance and sell pre-owned vehicles. The Business’s franchised dealerships provide services, including sales of both new and used cars, and light trucks; sales of replacement parts and performance of vehicle maintenance, manufacturer warranty repairs, and paint and collision repair services (collectively, Fixed Operations), and arrangement of extended warranties, service contracts, financing, insurance and other aftermarket products (collectively, F&I) for its customers..
It is trading at $19.10 slightly below $19.69, the 50 day moving average and a tad above the 200 day moving average of $18.86. The 50 day moving average went down $-0.59 or -2.99% and the 200 day average moved up $0.24.
The P/E ratio is 12.85 and the market cap of the company is 837.75M. As of the latest earnings report the EPS was $1.49 and is estimated to be $1.85 for the current year with 43,861,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.73 and the next full year EPS is anticipated to be $1.98.
Short traders are more bullish of late looking at the motion in short interest. The company had a fall in short interest from September 15, 2017 to September 29, 2017 of -6.37%. Short shares decreased 275,020 over that timeframe. Days to cover decreased from 16.0 to 16.0 and the percentage of shorted shares is 0.09% as of September 29.
Ratings firms have issued ratings on the company recently. On October 19, 2017 the stock rating was set at “Underperform” according to a Bank of America report which was a cut from the previous “Buy” rating.