Analysts expect Sony Corp (NYSE:SNE) to announce earnings of $1.13 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Sony’s earnings. Sony reported earnings per share of $0.56 in the same quarter last year, which suggests a positive year-over-year growth rate of 101.8%. The firm is scheduled to report its next quarterly earnings results on Tuesday, August 7th.
On average, analysts expect that Sony will report full year earnings of $3.86 per share for the current fiscal year, with EPS estimates ranging from $3.73 to $3.98. For the next financial year, analysts expect that the firm will report earnings of $4.29 per share, with EPS estimates ranging from $3.99 to $4.59. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Sony.
Sony (NYSE:SNE) last issued its quarterly earnings results on Friday, April 27th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.22). Sony had a return on equity of 13.27% and a net margin of 5.68%. The business had revenue of $1,951 billion for the quarter, compared to analysts’ expectations of $1,993.05 billion. During the same period in the prior year, the company earned $21.90 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year.
Several research analysts recently weighed in on the company. Zacks Investment Research lowered Sony from a “buy” rating to a “hold” rating in a research report on Wednesday, June 6th. ValuEngine lowered Sony from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. UBS Group lowered Sony from a “buy” rating to a “neutral” rating in a research report on Monday, May 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $85.29 target price on shares of Sony in a research report on Monday, April 16th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Sony has an average rating of “Hold” and an average price target of $59.07.
Shares of Sony stock opened at $51.26 on Wednesday. Sony has a fifty-two week low of $36.25 and a fifty-two week high of $53.91. The firm has a market cap of $63.54 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 2.60 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 0.92.
Large investors have recently added to or reduced their stakes in the business. Braun Bostich & Associates Inc. acquired a new stake in shares of Sony during the first quarter valued at about $115,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of Sony by 87.7% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,039 shares of the company’s stock valued at $147,000 after acquiring an additional 1,420 shares in the last quarter. Rainier Group Investment Advisory LLC acquired a new stake in shares of Sony during the first quarter valued at about $168,000. FCA Corp TX acquired a new stake in shares of Sony during the fourth quarter valued at about $225,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Sony during the fourth quarter valued at about $251,000. 6.87% of the stock is currently owned by institutional investors.
Sony Corporation designs, develops, manufactures, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. It offers LCD televisions, optical pickups, mobile phones, tablets, audio equipment and video conference systems, batteries, broadcast and professional-use video equipment, and DVD-players/recorders; and Blu-ray Disc players and recorders, ROMs, CDs, DVDs, and UMDs.
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