Sonic Corporation (NASDAQ:SONC) fell -2.94% during previous trade. Canaccord Genuity issued rating on the stock of Sonic Corporation (NASDAQ:SONC) in a research note issued to investors on Mar-20-17, the stock received “Downgrade” rating from Buy to Hold from $30 to $24. Additionally Deutsche Bank issued their verdict on the stock of the company, on record date of Oct-25-16 the stock was “Reiterated” as Hold from $27 to $25 besides that on Oct-25-16 Sonic Corporation (NASDAQ:SONC) was “Reiterated” by Canaccord Genuity as Buy from $32 to $30. Furthermore on Oct-25-16 the stock was “Downgraded” by Telsey Advisory Group from Outperform to Market Perform from $36 to $27.
Sonic Corporation (NASDAQ:SONC) shares ended last trading session at the price of $23.08 whereas a number of traders indicating mean target price will hit $28.21 over the next twelve months, mean value of price target most recently revised on 03/15/17. Sonic Corporation (NASDAQ:SONC)’s highest estimates of price target are $33 and low forecast is $24 based on the opinion of 14 analysts. The price target estimates represents a standard deviation of 2.06. However brokerage recommendations suggests an ABR of 2.50 based on calls of 12 experts, where 4 brokers polls the stock a Strong Buy, 0 suggest the stock a Buy, 7 suggest Hold, 0 are rating the stock as Sell while 1 as Strong Sell.
Sonic Corporation (NASDAQ:SONC) is expected to release the earnings of its current quarter on 3/28/17 After Market Close. The company is expected to release $0.15 EPS for current quarter according to 16 analysts whereas the company reported $0.18 EPS during same quarter a year ago. For the current quarter the stock has lowest EPS estimates of $0.11 and high estimate of $0.17. For the current year Sonic Corporation (NASDAQ:SONC) has set to release EPS of $1.26 as per the sentiments of 16 analysts, however according to 16 analysts, the company expected to release $1.41EPS for next year.
Sonic Corporation (NASDAQ:SONC)’s average revenue estimates for the current quarter are $106.22M according to 14 number of analysts. However its lowest revenue estimates are $103.46M and highest revenue estimates are $108.2M. A year ago the company’s sales were $133.16M. Its yearly sales growth estimates are -20.20%. For the next quarter the company has anticipated average revenues of $128.71M, according to the sentiments of 14 analysts. For the current year the company has fixed $487.42M revenues, as per the opinion of 16 analysts. For the current year the company has low revenue estimates of $465.77M in contradiction of high revenue estimates of $513M. Whereas for the next year revenues are set at $450.57M by 16 analysts.
The stock exchanged hands 2.10M shares versus average trading capacity of 783,107 shares, while its shares’ total market worth is $1.02B along with 44.69M outstanding shares. Sonic Corporation (NASDAQ:SONC) shares were trading -35.29% below from the 52-week high price mark of $35.67 and +10.55% above from the 52-week price bottom of $20.88. However the company observed 52 week high price on 04/06/16 and witnessed 52 week low price on 10/25/16. The company’s price sits -9.27% below from its 50-day moving average of $25.17 and -12.77% far from the stock’s 200-day moving average which is $25.93. Sonic Corporation (NASDAQ:SONC)’s price to sales ratio for trailing twelve month stands at 1.72. However the company’s price to cash per share for most recent quarter stands at 24.67. Its price to free cash flow for trailing twelve months is 29.31.