Sony (SNE) Set to Announce Earnings on Friday
Sony (NYSE:SNE) will be issuing its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $0.19 per share for the quarter.
Sony (NYSE:SNE) last announced its quarterly earnings results on Friday, February 1st. The company reported $2.93 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $1.03. The business had revenue of $2,401.81 billion during the quarter, compared to analyst estimates of $2,676.17 billion. Sony had a net margin of 9.48% and a return on equity of 20.21%. Sony’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $234.08 EPS. On average, analysts expect Sony to post $6 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of SNE stock opened at $46.46 on Thursday. The firm has a market cap of $60.44 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.86 and a quick ratio of 0.76. Sony has a 12 month low of $41.91 and a 12 month high of $61.02.
An institutional investor recently raised its position in Sony stock. Geode Capital Management LLC grew its position in shares of Sony Corp (NYSE:SNE) by 18.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,760 shares of the company’s stock after acquiring an additional 3,161 shares during the quarter. Geode Capital Management LLC’s holdings in Sony were worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 7.55% of the stock is owned by institutional investors and hedge funds.
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Sony Company Profile
Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.
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