Sony Corp (NYSE:SNE) – Research analysts at Jefferies Financial Group raised their FY2019 earnings per share estimates for shares of Sony in a research note issued to investors on Monday, April 15th. Jefferies Financial Group analyst A. Goyal now anticipates that the company will post earnings per share of $6.20 for the year, up from their previous estimate of $6.11. Jefferies Financial Group has a “Buy” rating on the stock.
Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Sony from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Thursday, January 17th. CLSA restated a “buy” rating on shares of Sony in a research report on Friday, March 22nd. Macquarie cut shares of Sony from an “outperform” rating to a “neutral” rating in a research report on Friday, February 1st. Finally, ValuEngine cut shares of Sony from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $50.32.
Shares of Sony stock opened at $47.95 on Wednesday. The firm has a market capitalization of $59.78 billion, a P/E ratio of 14.57, a PEG ratio of 2.06 and a beta of 1.33. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 0.12. Sony has a fifty-two week low of $41.91 and a fifty-two week high of $61.02.
Sony (NYSE:SNE) last issued its quarterly earnings data on Friday, February 1st. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $1.03. Sony had a net margin of 9.48% and a return on equity of 20.21%. The firm had revenue of $2,401.81 billion during the quarter, compared to the consensus estimate of $2,676.17 billion. During the same quarter in the previous year, the firm posted $234.08 EPS. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently bought and sold shares of SNE. Bank of New York Mellon Corp raised its holdings in shares of Sony by 639.4% in the third quarter. Bank of New York Mellon Corp now owns 1,807,688 shares of the company’s stock worth $109,636,000 after buying an additional 1,563,202 shares during the last quarter. Menora Mivtachim Holdings LTD. acquired a new stake in Sony during the fourth quarter valued at $51,675,000. Boston Partners grew its position in shares of Sony by 42.6% in the fourth quarter. Boston Partners now owns 2,018,740 shares of the company’s stock valued at $97,464,000 after purchasing an additional 602,923 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in shares of Sony in the fourth quarter valued at about $23,021,000. Finally, LMR Partners LLP acquired a new stake in shares of Sony in the fourth quarter valued at about $19,478,000. 7.55% of the stock is owned by institutional investors and hedge funds.
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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