Sonic Corp (SONC) Reports In-Line Q3 EPS, Comps Increase 6.1%, Offers Q4 Guidance
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Piper Jaffray Remains Bullish on Sonic Corp (SONC) Following 3Q15 Results
June 23, 2015 8:37 AM EDTPiper Jaffray reiterates an Overweight rating and $42.00 price target on Sonic (NASDAQ: SONC) following fiscal 3Q15 results. Total revenues came in at $164.7 million. Third quarter operating earnings came in at $0.36 per share, in-line with street's expectations. SONC increased its expectations for FY15 EPS to $1.06- $1.08 (vs.... More
Jefferies Reiterates Hold Rating on Sonic Corp (SONC) Following 3Q15 Results
June 23, 2015 8:08 AM EDTJefferies reiterates a Hold rating and $36.00 price target on Sonic (NASDAQ: SONC) following 3Q15. Reported EPS of $0.36 was inline with estimates. SONC raised its EPS growth guide slightly to 27-29% (from 25-27%).
Analyst Alexander Slagle commented, "System SSS of 6.1% handily beat cons... More
