Sonos (NASDAQ:SONO – Get Free Report) will be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Sonos to post earnings of ($0.27) per share for the quarter. Sonos has set its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.
Sonos (NASDAQ:SONO – Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.22. Sonos had a negative net margin of 0.28% and a positive return on equity of 5.65%. The business had revenue of $612.87 million for the quarter, compared to analysts’ expectations of $588.96 million. On average, analysts expect Sonos to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Sonos Trading Up 0.6 %
Shares of NASDAQ SONO opened at $17.05 on Monday. The firm has a fifty day simple moving average of $18.23 and a two-hundred day simple moving average of $16.31. The firm has a market capitalization of $2.11 billion, a PE ratio of -568.14 and a beta of 2.00. Sonos has a 12 month low of $9.78 and a 12 month high of $21.98.
Analyst Ratings Changes
Get Our Latest Analysis on Sonos
Insiders Place Their Bets
In other news, insider Christopher Scott Mason sold 20,000 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $17.62, for a total transaction of $352,400.00. Following the transaction, the insider now directly owns 119,179 shares of the company’s stock, valued at $2,099,933.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Christopher Scott Mason sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $17.62, for a total value of $352,400.00. Following the transaction, the insider now owns 119,179 shares of the company’s stock, valued at $2,099,933.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas Conrad sold 5,337 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $18.31, for a total transaction of $97,720.47. Following the sale, the director now directly owns 37,334 shares of the company’s stock, valued at $683,585.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,147 shares of company stock valued at $484,972. Insiders own 3.30% of the company’s stock.
About Sonos
Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers wireless, portable, and home theater speakers; components; and accessories. The company offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its website.
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