SoftBank Group (OTCMKTS:SFTBY) Posts Earnings Results, Beats Expectations By $0.12 EPS

SoftBank Group (OTCMKTS:SFTBY) announced its quarterly earnings data on Thursday. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12, Zacks reports. SoftBank Group had a net margin of 64.12% and a return on equity of 28.68%.

SoftBank Group Stock Down 2.3%

Shares of OTCMKTS:SFTBY traded down $0.41 during trading on Thursday, reaching $17.73. 9,942,854 shares of the stock were exchanged, compared to its average volume of 5,055,000. The stock has a fifty day moving average of $19.71 and a two-hundred day moving average of $16.41. SoftBank Group has a 1-year low of $10.55 and a 1-year high of $28.97. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.80 and a quick ratio of 0.78. The firm has a market cap of $202.54 billion, a price-to-earnings ratio of 6.12 and a beta of 1.87.

Analyst Ratings Changes

SFTBY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. Finally, TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

SoftBank Group Company Profile

SoftBank Group Corp is a Tokyo‐based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.

A key pillar of SoftBank’s strategy is its investment arm, the SoftBank Vision Fund, which targets high‐growth technology companies around the globe.