Sony Corp (SNE) Expected to Announce Earnings of $1.90 Per Share

Equities research analysts expect Sony Corp (NYSE:SNE) to announce earnings of $1.90 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Sony’s earnings. Sony posted earnings per share of $1.89 in the same quarter last year, which suggests a positive year over year growth rate of 0.5%. The company is scheduled to announce its next quarterly earnings report on Friday, February 1st.

On average, analysts expect that Sony will report full year earnings of $4.18 per share for the current year, with EPS estimates ranging from $4.09 to $4.27. For the next year, analysts anticipate that the company will post earnings of $4.63 per share, with EPS estimates ranging from $4.35 to $4.91. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Sony.

Sony (NYSE:SNE) last announced its earnings results on Tuesday, July 31st. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.44. The business had revenue of $1,953.62 billion for the quarter, compared to the consensus estimate of $1,882.28 billion. Sony had a net margin of 7.70% and a return on equity of 17.48%. Sony’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $62.70 earnings per share.

SNE has been the topic of a number of recent analyst reports. ValuEngine raised shares of Sony from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Zacks Investment Research downgraded shares of Sony from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Credit Suisse Group raised shares of Sony from a “neutral” rating to an “outperform” rating in a research note on Monday, September 10th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Sony in a research note on Friday, October 19th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $74.15.

Shares of SNE opened at $55.66 on Friday. The company has a market capitalization of $67.51 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.35 and a beta of 1.41. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. Sony has a 1-year low of $44.13 and a 1-year high of $61.02.

Hedge funds have recently bought and sold shares of the business. First Hawaiian Bank purchased a new position in shares of Sony during the third quarter worth approximately $120,000. Sageworth Trust Co purchased a new position in shares of Sony during the second quarter worth approximately $103,000. Financial Architects Inc purchased a new position in shares of Sony during the third quarter worth approximately $133,000. Chicago Partners Investment Group LLC raised its stake in shares of Sony by 60.3% during the second quarter. Chicago Partners Investment Group LLC now owns 2,380 shares of the company’s stock worth $122,000 after acquiring an additional 895 shares in the last quarter. Finally, Credit Agricole S A purchased a new position in shares of Sony during the second quarter worth approximately $146,000. 7.69% of the stock is currently owned by hedge funds and other institutional investors.

About Sony

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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