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

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

Sonida Senior Living Stock Performance

Shares of SNDA stock opened at $40.33 on Monday. Sonida Senior Living has a 1 year low of $23.93 and a 1 year high of $44.38. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44. The business’s fifty day moving average price is $38.58. The firm has a market capitalization of $1.91 billion, a PE ratio of -6.92 and a beta of 0.80.

Insider Activity at Sonida Senior Living

In other news, Director Benjamin P. Harris sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total transaction of $93,650.00. Following the completion of the transaction, the director directly owned 9,182 shares of the company’s stock, valued at $343,957.72. This trade represents a 21.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Robert W. Baird lifted their price target on shares of Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Cantor Fitzgerald upped their price objective on shares of Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Wall Street Zen raised Sonida Senior Living from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Royal Bank Of Canada lifted their target price on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Finally, Citigroup started coverage on Sonida Senior Living in a research report on Monday, July 27th. They issued a “market outperform” rating on the stock. Four investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $43.00.

Sonida Senior Living Company Profile

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.