Sony (NYSE:SNE) is set to announce its earnings results before the market opens on Friday, February 2nd. Analysts expect the company to announce earnings of $0.89 per share for the quarter.
Sony (NYSE:SNE) last announced its earnings results on Tuesday, October 31st. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.36. Sony had a net margin of 3.17% and a return on equity of 7.97%. The company had revenue of $18.25 billion for the quarter. On average, analysts expect Sony to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Sony (SNE) opened at $47.35 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.86. Sony has a one year low of $29.16 and a one year high of $51.94. The stock has a market cap of $60,870.00, a price-to-earnings ratio of 25.73 and a beta of 1.80.
Several analysts have issued reports on SNE shares. Morgan Stanley downgraded shares of Sony from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 11th. Jefferies Group reissued a “buy” rating and set a $45.74 target price on shares of Sony in a research note on Tuesday, October 24th. Zacks Investment Research cut shares of Sony from a “buy” rating to a “hold” rating in a report on Monday, October 30th. ValuEngine upgraded shares of Sony from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, JPMorgan Chase & Co. cut shares of Sony from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 23rd. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $48.19.
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Sony 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, Semiconductors, Component, Films, Music, Financial Services and All Other.
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