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

March 7, 2018 - By Clifton Ray

 Analysts See $0.16 EPS for Sonic Corp. (SONC)
Investors sentiment increased to 1.15 in Q3 2017. 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.
New York State Common Retirement Fund has 0% invested in Sonic Corp. (NASDAQ:SONC) for 42,800 shares. Westwood Gru reported 992,854 shares. Credit Suisse Ag owns 62,980 shares. Pnc Gru owns 0% invested in Sonic Corp. (NASDAQ:SONC) for 11,946 shares. Moreover, State Of Alaska Department Of Revenue has 0.01% invested in Sonic Corp. (NASDAQ:SONC). Kornitzer Mngmt Ks stated it has 0.01% in Sonic Corp. (NASDAQ:SONC). Parkside National Bank holds 0% or 29 shares in its portfolio. Malaga Cove Ltd Liability stated it has 0.61% in Sonic Corp. (NASDAQ:SONC). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 1,341 shares or 0% of all its holdings. Old Savings Bank In reported 0.02% in Sonic Corp. (NASDAQ:SONC). Polar Asset Mgmt owns 0.16% invested in Sonic Corp. (NASDAQ:SONC) for 305,000 shares. The Georgia-based Atlanta Capital Management L L C has invested 0.04% in Sonic Corp. (NASDAQ:SONC). Morgan Stanley holds 79,957 shares. Winch Advisory Serv Ltd Liability stated it has 0% in Sonic Corp. (NASDAQ:SONC). Ranger Investment Mgmt Lp invested 1.27% in Sonic Corp. (NASDAQ:SONC).

Since October 23, 2017, it had 0 insider buys, and 6 insider sales for $3.31 million activity. $103,544 worth of stock was sold by RICHARDSON FRANK E III on Monday, December 18.

Analysts expect Sonic Corp. (NASDAQ:SONC) to report $0.16 EPS on March, 27.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 increased 0.87% or $0.21 during the last trading session, reaching $24.39. About 457,091 shares traded. Sonic Corp. (NASDAQ:SONC) has declined 5.36% since March 7, 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. The rating was initiated by Telsey Advisory Group on Tuesday, September 29 with “Outperform”. The company was maintained on Tuesday, October 17 by Canaccord Genuity. The stock of Sonic Corp. (NASDAQ:SONC) has “Outperform” rating given on Tuesday, October 20 by Telsey Advisory Group. On Wednesday, January 6 the stock rating was maintained by Telsey Advisory Group with “Outperform”. On Friday, June 24 the stock rating was maintained by Bank of America with “Buy”. Jefferies maintained it with “Hold” rating and $34 target in Wednesday, March 30 report. Telsey Advisory Group maintained the stock with “Outperform” rating in Wednesday, September 7 report. As per Wednesday, March 30, the company rating was maintained by UBS. The firm has “Buy” rating given on Monday, September 21 by Longbow. The firm has “Hold” rating by Cowen & Co given on Monday, October 16.

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: “Sonic Corp. (SONC) Ex-Dividend Date Scheduled for February 06, 2018” on February 05, 2018, also with their article: “Sonic Corp’s (SONC) CEO Clifford Hudson on Q1 2018 Results – Earnings Call …” published on January 05, 2018, published: “The Delicate Dance of a Progressive CEO in the Trump Era” on January 15, 2018. More interesting news about Sonic Corp. (NASDAQ:SONC) were released by: and their article: “Nobody Gets Sonic” published on January 09, 2018 as well as‘s news article titled: “Sonic chooses new president” with publication date: February 13, 2018.

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