Analysts See $0.49 EPS for Sonic Corp. (SONC)

June 20, 2018 - By Jeanette Kaplan

Sonic Corp. (NASDAQ:SONC) LogoInvestors sentiment decreased to 0.72 in Q1 2018. Its down 0.16, from 0.88 in 2017Q4. It dropped, as 28 investors sold Sonic Corp. shares while 58 reduced holdings. 23 funds opened positions while 39 raised stakes. 40.44 million shares or 7.62% less from 43.78 million shares in 2017Q4 were reported.
Atlantic Tru Ltd Liability has 545 shares for 0% of their portfolio. Axa owns 36,200 shares for 0% of their portfolio. Ameritas Inv Prns has invested 0% in Sonic Corp. (NASDAQ:SONC). Paloma Partners Management Com reported 44,451 shares or 0.02% of all its holdings. Jensen Invest Management Inc has 0% invested in Sonic Corp. (NASDAQ:SONC) for 11,250 shares. Jane Street Group Limited Liability reported 0% of its portfolio in Sonic Corp. (NASDAQ:SONC). 50,989 are held by Credit Suisse Ag. Vanguard Gru has invested 0% in Sonic Corp. (NASDAQ:SONC). California-based Schwab Charles Mngmt has invested 0.01% in Sonic Corp. (NASDAQ:SONC). Pinebridge Invests Lp holds 10,757 shares or 0.01% of its portfolio. Pub Sector Pension Board reported 25,375 shares. Fincl Bank Of Mellon Corp accumulated 624,561 shares. Riverhead Cap Management Limited Liability Company invested 0.01% in Sonic Corp. (NASDAQ:SONC). Citadel Advsrs Ltd Llc reported 0% in Sonic Corp. (NASDAQ:SONC). Legal And General Gp Public Ltd Com has invested 0% of its portfolio in Sonic Corp. (NASDAQ:SONC).

Since January 17, 2018, it had 0 insider purchases, and 2 selling transactions for $476,920 activity.

Analysts expect Sonic Corp. (NASDAQ:SONC) to report $0.49 EPS on June, 26 after the close.They anticipate $0.06 EPS change or 13.95 % from last quarter’s $0.43 EPS. SONC’s profit would be $18.20 million giving it 17.84 P/E if the $0.49 EPS is correct. After having $0.17 EPS previously, Sonic Corp.’s analysts see 188.24 % EPS growth. The stock increased 1.54% or $0.53 during the last trading session, reaching $34.97. About 518,596 shares traded. Sonic Corp. (NASDAQ:SONC) has declined 16.30% since June 20, 2017 and is downtrending. It has underperformed by 28.87% the S&P500.

Sonic Corp. (NASDAQ:SONC) Ratings Coverage

Among 8 analysts covering Sonic (NASDAQ:SONC), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Sonic has $31.0 highest and $25 lowest target. $27.71’s average target is -20.76% below currents $34.97 stock price. Sonic had 12 analyst reports since December 22, 2017 according to SRatingsIntel. The stock of Sonic Corp. (NASDAQ:SONC) earned “Hold” rating by Jefferies on Friday, December 22. The rating was maintained by Oppenheimer with “Hold” on Thursday, June 7. The stock of Sonic Corp. (NASDAQ:SONC) has “Buy” rating given on Thursday, December 28 by Guggenheim. The stock has “Hold” rating by Oppenheimer on Thursday, January 4. Barclays Capital maintained the stock with “Sell” rating in Tuesday, January 16 report. The rating was maintained by Wells Fargo on Monday, March 19 with “Market Perform”. As per Wednesday, March 28, the company rating was maintained by Cowen & Co. The rating was maintained by Jefferies on Wednesday, March 28 with “Hold”. Canaccord Genuity maintained Sonic Corp. (NASDAQ:SONC) on Wednesday, March 28 with “Hold” rating. The company was maintained on Monday, March 26 by Morgan Stanley.

Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. The company has market cap of $1.30 billion. 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 20.23 P/E ratio. It also leases real estate properties to franchisees.

More important recent Sonic Corp. (NASDAQ:SONC) news were published by: Nasdaq.com which released: “Report: Developing Opportunities within HealthEquity, Sonic, FLIR, Nustar GP, Ashland Global, and Buckeye Partners …” on June 19, 2018, also Nasdaq.com published article titled: “Sonic Pickle Juice Slush Is Now a Thing”, Seekingalpha.com published: “Sonic boosts buybacks amid asset-light model” on June 07, 2018. More interesting news about Sonic Corp. (NASDAQ:SONC) was released by: Nasdaq.com and their article: “Why Camping World Holdings, Axovant Sciences, and Sonic Jumped Today” with publication date: June 07, 2018.

Sonic Corp. (NASDAQ:SONC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: