EPS for Sonic Corp. (SONC) Expected At $0.49

May 25, 2018 - By Vivian Currie

Sonic Corp. (NASDAQ:SONC) LogoInvestors sentiment decreased to 0.88 in Q4 2017. Its down 0.27, from 1.15 in 2017Q3. It worsened, as 16 investors sold Sonic Corp. shares while 67 reduced holdings. 37 funds opened positions while 36 raised stakes. 43.78 million shares or 5.97% less from 46.56 million shares in 2017Q3 were reported.
Riverhead Cap Management Limited accumulated 6,824 shares or 0.01% of the stock. Highland Capital Mgmt Limited Partnership invested in 20,350 shares or 0.03% of the stock. 44,885 are held by Castleark Mngmt Ltd Liability Co. Blackrock holds 0.01% of its portfolio in Sonic Corp. (NASDAQ:SONC) for 5.17 million shares. Schwab Charles Inv Mgmt Inc has 239,593 shares for 0.01% of their portfolio. Suntrust Banks holds 0.01% or 79,458 shares. Tower Rech Cap Ltd Limited Liability Company (Trc) reported 0% stake. Credit Suisse Ag stated it has 52,144 shares. State Of Wisconsin Investment Board invested 0.03% of its portfolio in Sonic Corp. (NASDAQ:SONC). Fdx Advisors Incorporated stated it has 0.01% in Sonic Corp. (NASDAQ:SONC). Westwood Group reported 0.19% in Sonic Corp. (NASDAQ:SONC). Polar Asset Management Ptnrs holds 0.11% of its portfolio in Sonic Corp. (NASDAQ:SONC) for 256,300 shares. Jpmorgan Chase accumulated 489,689 shares. Manufacturers Life The invested in 0% or 29,966 shares. Moreover, Gp has 0% invested in Sonic Corp. (NASDAQ:SONC).

Since December 13, 2017, it had 0 insider purchases, and 4 selling transactions for $2.00 million activity. PENA FEDERICO F also sold $238,372 worth of Sonic Corp. (NASDAQ:SONC) shares.

Analysts expect Sonic Corp. (NASDAQ:SONC) to report $0.49 EPS on June, 28.They anticipate $0.06 EPS change or 13.95 % from last quarter’s $0.43 EPS. SONC’s profit would be $18.21 million giving it 12.50 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 0.16% or $0.04 during the last trading session, reaching $24.5. About 490,647 shares traded. Sonic Corp. (NASDAQ:SONC) has risen 8.52% since May 25, 2017 and is uptrending. It has underperformed by 3.03% 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 had 11 analyst reports since December 22, 2017 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Underweight” on Wednesday, March 28. The firm has “Hold” rating by Jefferies given on Wednesday, March 28. Wells Fargo maintained the shares of SONC in report on Monday, March 19 with “Market Perform” rating. As per Friday, December 22, the company rating was maintained by Jefferies. The rating was maintained by Morgan Stanley on Monday, March 26 with “Equal-Weight”. Cowen & Co maintained Sonic Corp. (NASDAQ:SONC) on Wednesday, March 28 with “Market Perform” rating. Barclays Capital maintained Sonic Corp. (NASDAQ:SONC) on Tuesday, January 16 with “Sell” rating. The company was downgraded on Thursday, January 4 by Oppenheimer. On Thursday, December 28 the stock rating was maintained by Guggenheim with “Buy”. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, March 28.

Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. The company has market cap of $910.30 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 14.17 P/E ratio. It also leases real estate properties to franchisees.

Sonic Corp. (NASDAQ:SONC) Institutional Positions Chart

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