Equity analysts at Roth Capital have set expectations for Hyzon Motors Inc.'s FY2023 earnings. They forecast that the company will post earnings of ($0.75) per share for the year. Roth Capital also issued estimates for Hyzon Motors' Q4 2023 earnings at ($0.20) EPS, Q1 2024 earnings at ($0.17) EPS, Q2 2024 earnings at ($0.15) EPS, Q3 2024 earnings at ($0.15) EPS, Q4 2024 earnings at ($0.13) EPS, FY2024 earnings at ($0.60) EPS, FY2025 earnings at ($0.45) EPS, and FY2026 earnings at ($0.45) EPS [207311bb].
Hyzon Motors provides decarbonized solutions for the commercial vehicle market and hydrogen supply infrastructure. The company focuses on assembling and upfitting heavy-duty hydrogen fuel cell electric vehicles (FCEVs) and building a clean hydrogen supply ecosystem [207311bb].
In related news, major shareholder Fuel Cell Technologies Horizon sold 90,000 shares of the company's stock. The shares were sold at an average price of $0.60, for a total transaction of $54,000.00. Hyzon Motors has a twelve-month low of $0.45 and a twelve-month high of $2.17 [207311bb].
Large investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD acquired a new position in Hyzon Motors during the 3rd quarter valued at about $26,000. Russell Investments Group Ltd. acquired a new position in Hyzon Motors during the 2nd quarter valued at about $36,000. Barclays PLC lifted its position in Hyzon Motors by 88.0% during the 1st quarter. Barclays PLC now owns 44,326 shares of the company's stock valued at $36,000 after purchasing an additional 20,750 shares during the period. Envestnet Asset Management Inc. acquired a new position in Hyzon Motors during the 4th quarter valued at about $39,000. Virtu Financial LLC acquired a new position in Hyzon Motors during the 4th quarter valued at about $40,000. 18.97% of the stock is currently owned by institutional investors and hedge funds [207311bb].
Seaport Res Ptn analyst G. Chin forecasts that Sonic Automotive, Inc. will post earnings of $1.25 per share for Q1 2024. The consensus estimate for Sonic Automotive's current full-year earnings is $6.07 per share. Sonic Automotive last posted its quarterly earnings data on February 14th, reporting $1.63 earnings per share for the quarter, missing analysts' consensus estimates of $1.80 by ($0.17). The company had revenue of $3.58 billion for the quarter. Other equities research analysts have also issued reports about the stock. TheStreet upgraded shares of Sonic Automotive from a 'c+' rating to a 'b' rating. Morgan Stanley boosted their price objective on shares of Sonic Automotive from $35.00 to $40.00 and gave the stock an 'underweight' rating. Bank of America reduced their price target on shares of Sonic Automotive from $60.00 to $55.00 and set an 'underperform' rating on the stock. Sonic Automotive stock opened at $53.90 on Friday and has a market cap of $1.83 billion. The company has a fifty day simple moving average of $52.88 and a 200-day simple moving average of $51.40. Sonic Automotive has a 12-month low of $39.02 and a 12-month high of $60.24. The company has a current ratio of 1.10, a quick ratio of 0.41, and a debt-to-equity ratio of 2.10. Several institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Sonic Automotive by 1.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,348 shares of the company's stock valued at $695,000 after purchasing an additional 209 shares during the period. FMR LLC boosted its stake in Sonic Automotive by 0.9% during the 1st quarter. FMR LLC now owns 29,209 shares of the company's stock valued at $1,587,000 after acquiring an additional 258 shares during the last quarter. Captrust Financial Advisors boosted its stake in Sonic Automotive by 5.2% during the 2nd quarter. Captrust Financial Advisors now owns 5,720 shares of the company's stock valued at $210,000 after acquiring an additional 281 shares during the last quarter. Royal Bank of Canada boosted its stake in Sonic Automotive by 2.9% during the 3rd quarter. Royal Bank of Canada now owns 10,486 shares of the company's stock valued at $501,000 after acquiring an additional 296 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Sonic Automotive by 1.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,979 shares of the company's stock valued at $857,000 after acquiring an additional 304 shares during the last quarter. Sonic Automotive also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 15th will be paid a $0.30 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.23%. Sonic Automotive's dividend payout ratio (DPR) is presently 24.14%.