Sonida Senior Living (NYSE:SNDA) Posts Quarterly Earnings Results

Sonida Senior Living (NYSE:SNDAGet Free Report) posted its quarterly earnings results on Monday. The company reported ($0.52) EPS for the quarter, RTT News reports. Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. The business had revenue of $207.65 million during the quarter.

Sonida Senior Living Stock Up 0.1%

Sonida Senior Living stock opened at $40.33 on Monday. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of -6.92 and a beta of 0.80. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44. Sonida Senior Living has a 52-week low of $23.93 and a 52-week high of $44.38. The business’s 50 day simple moving average is $38.58.

Insider Activity

In other news, Director Benjamin P. Harris sold 2,500 shares of Sonida Senior Living stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $37.46, for a total value of $93,650.00. Following the completion of the transaction, the director owned 9,182 shares in the company, valued at approximately $343,957.72. This trade represents a 21.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 39.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Morgan Stanley upped their price objective on Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Citigroup began coverage on Sonida Senior Living in a report on Monday, July 27th. They set a “market outperform” rating for the company. Cantor Fitzgerald raised their price target on shares of Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Robert W. Baird lifted their price objective on Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Sonida Senior Living presently has an average rating of “Hold” and an average price target of $43.00.

View Our Latest Analysis on Sonida Senior Living

About Sonida Senior Living

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Sonida Senior Living (NYSE: SNDA) is a publicly traded company that owns and operates senior living communities in the United States. The company’s core business centers on providing housing and care services for older adults, with an emphasis on assisted living, memory care and related supportive services tailored to residents’ needs.

Sonida’s communities combine residential accommodations with on-site services such as personal care assistance, medication management, dining programs, social and recreational activities, and clinical oversight.

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