Sony Corp Ord (SNE) Issues Quarterly Earnings Results
Sony Corp Ord (NYSE:SNE) issued its quarterly earnings results on Tuesday. The company reported $103.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $103.03, Briefing.com reports. Sony Corp Ord had a return on equity of 4.17% and a net margin of 1.67%. The firm had revenue of $2,062.53 billion for the quarter, compared to analyst estimates of $1,873.94 billion. During the same period in the previous year, the firm earned $3.84 earnings per share. The company’s revenue was up 22.1% compared to the same quarter last year. Sony Corp Ord updated its FY18 guidance to JPY380 EPS.
Shares of Sony Corp Ord (NYSE:SNE) opened at 43.41 on Wednesday. The stock has a market cap of $54.83 billion, a PE ratio of 45.55 and a beta of 1.75. The firm has a 50 day moving average price of $37.68 and a 200 day moving average price of $37.69. Sony Corp Ord has a 12-month low of $27.72 and a 12-month high of $45.25.
Several equities research analysts recently issued reports on the company. Citigroup Inc. downgraded Sony Corp Ord from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $40.60 to $39.93 in a report on Monday, September 11th. Zacks Investment Research upgraded Sony Corp Ord from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a research note on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and issued a $45.74 price objective on shares of Sony Corp Ord in a research note on Thursday, August 3rd. Credit Suisse Group downgraded Sony Corp Ord from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Finally, BidaskClub downgraded Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Sony Corp Ord has a consensus rating of “Buy” and an average target price of $43.42.
Sony Corp Ord Company Profile
Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.
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