Brokerages expect Sony Corp (NYSE:SNE) to report earnings of $1.90 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Sony’s earnings. Sony reported earnings per share of $1.89 during the same quarter last year, which would indicate a positive year over year growth rate of 0.5%. The firm is expected to issue its next earnings results on Friday, February 1st.
On average, analysts expect that Sony will report full year earnings of $4.54 per share for the current fiscal year, with EPS estimates ranging from $4.09 to $4.98. For the next fiscal year, analysts anticipate that the business will report earnings of $4.63 per share, with EPS estimates ranging from $4.35 to $4.91. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Sony.
Sony (NYSE:SNE) last released its quarterly earnings results on Tuesday, October 30th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.29. The business had revenue of $19.58 billion during the quarter. Sony had a return on equity of 17.19% and a net margin of 7.70%.
A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Sony from a “neutral” rating to a “buy” rating in a research note on Friday. Citigroup upgraded Sony from a “neutral” rating to a “buy” rating and set a $52.91 price target for the company in a research note on Friday. Zacks Investment Research downgraded Sony from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. ValuEngine downgraded Sony from a “hold” rating to a “sell” rating in a research note on Monday, November 12th. Finally, Piper Jaffray Companies reiterated an “overweight” rating on shares of Sony in a research note on Friday, October 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Sony currently has a consensus rating of “Buy” and an average price target of $67.07.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Csenge Advisory Group purchased a new position in shares of Sony in the 3rd quarter worth approximately $199,000. Glenmede Trust Co. NA boosted its stake in shares of Sony by 0.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 191,891 shares of the company’s stock worth $11,638,000 after buying an additional 1,769 shares during the last quarter. Henry James International Management Inc. purchased a new position in shares of Sony in the 3rd quarter worth approximately $6,523,000. Advisors Asset Management Inc. boosted its stake in shares of Sony by 16.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 11,629 shares of the company’s stock worth $705,000 after buying an additional 1,683 shares during the last quarter. Finally, HBK Sorce Advisory LLC purchased a new position in shares of Sony in the 3rd quarter worth approximately $238,000. Hedge funds and other institutional investors own 7.66% of the company’s stock.
SNE stock traded up $0.94 during mid-day trading on Friday, reaching $52.82. 809,493 shares of the company traded hands, compared to its average volume of 1,021,097. The company has a market capitalization of $66.74 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 0.92. Sony has a fifty-two week low of $44.37 and a fifty-two week high of $61.02.
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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