Analysts See $0.16 EPS for Sonic Corp. (SONC)

March 14, 2018 - By Louis Casey

 Analysts See $0.16 EPS for Sonic Corp. (SONC)
Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.21, from 0.94 in 2017Q2. It improved, as 25 investors sold Sonic Corp. shares while 42 reduced holdings. 26 funds opened positions while 51 raised stakes. 46.56 million shares or 2.67% less from 47.84 million shares in 2017Q2 were reported.
Ranger Mgmt L P holds 666,640 shares. Arizona State Retirement Sys accumulated 21,711 shares. Credit Suisse Ag, a Switzerland-based fund reported 62,980 shares. 4,413 were accumulated by Tower Research Cap Limited Liability Corporation (Trc). Ameritas Partners holds 0% of its portfolio in Sonic Corp. (NASDAQ:SONC) for 3,734 shares. Ubs Asset Management Americas stated it has 0.01% of its portfolio in Sonic Corp. (NASDAQ:SONC). 78,905 are held by Alliancebernstein Ltd Partnership. Natl Bank Of Montreal Can has invested 0% of its portfolio in Sonic Corp. (NASDAQ:SONC). Winch Advisory Svcs Limited Liability reported 10 shares. 126,742 were reported by New York State Teachers Retirement. 273 were reported by Envestnet Asset. Teachers Retirement System Of The State Of Kentucky accumulated 12,425 shares. Legal & General Gp Public Ltd Company stated it has 0% of its portfolio in Sonic Corp. (NASDAQ:SONC). Jpmorgan Chase Co holds 0% in Sonic Corp. (NASDAQ:SONC) or 501,101 shares. Principal Finance Group Inc Inc Inc, a Iowa-based fund reported 315,299 shares.

Since October 23, 2017, it had 0 buys, and 6 selling transactions for $3.31 million activity. On Monday, February 12 the insider PENA FEDERICO F sold $238,372.

Analysts expect Sonic Corp. (NASDAQ:SONC) to report $0.16 EPS on March, 27 after the close.They anticipate $0.01 EPS change or 6.67 % from last quarter’s $0.15 EPS. SONC’s profit would be $6.15 million giving it 38.11 P/E if the $0.16 EPS is correct. After having $0.30 EPS previously, Sonic Corp.’s analysts see -46.67 % EPS growth. The stock decreased 1.37% or $0.34 during the last trading session, reaching $24.39. About 643,299 shares traded. Sonic Corp. (NASDAQ:SONC) has declined 5.36% since March 15, 2017 and is downtrending. It has underperformed by 22.06% the S&P500.

Sonic Corp. (NASDAQ:SONC) Ratings Coverage

Among 16 analysts covering Sonic (NASDAQ:SONC), 5 have Buy rating, 2 Sell and 9 Hold. Therefore 31% are positive. Sonic had 44 analyst reports since August 25, 2015 according to SRatingsIntel. UBS upgraded the stock to “Neutral” rating in Tuesday, September 15 report. As per Tuesday, October 20, the company rating was maintained by Telsey Advisory Group. On Wednesday, June 21 the stock rating was maintained by Canaccord Genuity with “Hold”. Jefferies maintained it with “Hold” rating and $31.0 target in Friday, December 22 report. UBS maintained Sonic Corp. (NASDAQ:SONC) on Tuesday, September 20 with “Neutral” rating. Bank of America maintained Sonic Corp. (NASDAQ:SONC) rating on Friday, June 24. Bank of America has “Buy” rating and $35 target. Cowen & Co maintained the shares of SONC in report on Monday, October 16 with “Hold” rating. Canaccord Genuity maintained the stock with “Hold” rating in Tuesday, October 17 report. On Monday, March 20 the stock rating was downgraded by Canaccord Genuity to “Hold”. On Tuesday, October 10 the stock rating was maintained by Jefferies with “Hold”.

Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. The company has market cap of $937.99 million. As of August 31, 2016, the firm operated 3,557 Sonic Drive-Ins in 45 states, of which 345 were owned and operated by the firm and 3,212 were owned and operated by franchisees. It has a 16.57 P/E ratio. It also leases real estate properties to franchisees.

More notable recent Sonic Corp. (NASDAQ:SONC) news were published by: which released: “3 Stocks to Watch on Tuesday: Celanese Corporation (CE), IDEX Corporation (IEX …” on October 17, 2017, also with their article: “Sonic Corp. hosted a carhop competition at its downtown OKC headquarters” published on September 14, 2017, published: “Oklahoma City-based Sonic Corp.’s quarterly, annual results were mixed, but …” on October 18, 2017. More interesting news about Sonic Corp. (NASDAQ:SONC) were released by: and their article: “Sonic Drive-In Chain Hit With Class Action Over Data Breach” published on December 19, 2017 as well as‘s news article titled: “Sonic Corp’s (SONC) CEO Clifford Hudson on Q1 2018 Results – Earnings Call …” with publication date: January 05, 2018.

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