Analysts See $0.25 EPS for Sonic Corp. (SONC)

December 8, 2017 - By Peter Erickson

 Analysts See $0.25 EPS for Sonic Corp. (SONC)
Investors sentiment increased to 0.94 in Q2 2017. Its up 0.03, from 0.91 in 2017Q1. It increased, as 23 investors sold Sonic Corp. shares while 56 reduced holdings. 31 funds opened positions while 43 raised stakes. 47.84 million shares or 1.89% more from 46.95 million shares in 2017Q1 were reported.
Winch Advisory Ltd reported 10 shares stake. Royal Commercial Bank Of Canada reported 0% stake. Ameriprise Finance reported 0% of its portfolio in Sonic Corp. (NASDAQ:SONC). Amer Int accumulated 30,951 shares or 0% of the stock. Captrust Financial accumulated 160 shares. Credit Agricole S A has invested 0% in Sonic Corp. (NASDAQ:SONC). Peak6 Invs Limited Partnership has invested 0% of its portfolio in Sonic Corp. (NASDAQ:SONC). Goldman Sachs Group Incorporated owns 143,352 shares. Citigroup has 0.03% invested in Sonic Corp. (NASDAQ:SONC) for 1.24 million shares. Millennium Mngmt Lc reported 0% of its portfolio in Sonic Corp. (NASDAQ:SONC). Vanguard Grp Inc holds 3.60 million shares or 0% of its portfolio. Morgan Stanley owns 163,154 shares or 0% of their US portfolio. Lpl Ltd owns 10,885 shares for 0% of their portfolio. Schwab Charles Management owns 204,401 shares or 0.01% of their US portfolio. 12,600 were reported by Etrade Mngmt Limited Liability Com.

Analysts expect Sonic Corp. (NASDAQ:SONC) to report $0.25 EPS on January, 3.They anticipate $0.01 EPS change or 4.17 % from last quarter’s $0.24 EPS. SONC’s profit would be $10.07 million giving it 27.32 P/E if the $0.25 EPS is correct. After having $0.45 EPS previously, Sonic Corp.’s analysts see -44.44 % EPS growth. The stock increased 0.33% or $0.09 during the last trading session, reaching $27.32. About 819,087 shares traded. Sonic Corp. (NASDAQ:SONC) has declined 5.36% since December 8, 2016 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), 6 have Buy rating, 2 Sell and 8 Hold. Therefore 38% are positive. Sonic had 39 analyst reports since August 25, 2015 according to SRatingsIntel. The stock of Sonic Corp. (NASDAQ:SONC) has “Outperform” rating given on Wednesday, September 7 by Telsey Advisory Group. Canaccord Genuity maintained it with “Buy” rating and $30 target in Tuesday, October 25 report. The rating was maintained by Canaccord Genuity with “Hold” on Wednesday, June 21. The stock has “Hold” rating by Canaccord Genuity on Monday, March 20. The rating was upgraded by Zacks on Tuesday, August 25 to “Hold”. The firm has “Hold” rating given on Friday, August 11 by Cowen & Co. Bank of America maintained Sonic Corp. (NASDAQ:SONC) rating on Friday, June 24. Bank of America has “Buy” rating and $35 target. Jefferies maintained the stock with “Hold” rating in Friday, June 24 report. Telsey Advisory Group maintained it with “Outperform” rating and $37.0 target in Wednesday, January 6 report. The firm earned “Underweight” rating on Friday, June 24 by Barclays Capital.

Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. The company has market cap of $1.10 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 18.84 P/E ratio. It also leases real estate properties to franchisees.

More important recent Sonic Corp. (NASDAQ:SONC) news were published by: Fool.com which released: “Why Sonic Corporation Stock Is Getting a Lift Today” on March 29, 2017, also Newsok.com published article titled: “Sonic Corp. hosted a carhop competition at its downtown OKC headquarters”, Newsok.com 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) was released by: Finance.Yahoo.com and their article: “3 Stocks to Watch on Tuesday: Celanese Corporation (CE), IDEX Corporation (IEX …” with publication date: October 17, 2017.

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