Wall Street brokerages expect Sony Co. (NYSE:SNE) to report $0.73 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Sony’s earnings, with the highest EPS estimate coming in at $0.97 and the lowest estimate coming in at $0.48. Sony posted earnings per share of $1.68 in the same quarter last year, which suggests a negative year-over-year growth rate of 56.5%. The firm is expected to report its next earnings results on Tuesday, February 2nd.
According to Zacks, analysts expect that Sony will report full-year earnings of $5.25 per share for the current financial year, with EPS estimates ranging from $3.35 to $6.43. For the next year, analysts expect that the firm will post earnings of $4.51 per share, with EPS estimates ranging from $3.45 to $6.33. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Sony.
Sony (NYSE:SNE) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $0.90 by $2.57. Sony had a net margin of 8.00% and a return on equity of 13.78%. The company had revenue of $19.92 billion for the quarter, compared to analysts’ expectations of $17.53 billion.
A number of equities analysts have recently issued reports on the stock. UBS Group cut shares of Sony from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 13th. Zacks Investment Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating and set a $95.00 target price on the stock in a report on Wednesday, August 5th. ValuEngine upgraded shares of Sony from a “sell” rating to a “hold” rating in a research note on Friday, November 6th. Oppenheimer reissued a “buy” rating and set a $100.00 target price on shares of Sony in a research report on Wednesday, September 16th. Finally, Citigroup reaffirmed a “buy” rating on shares of Sony in a report on Friday, October 9th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $97.50.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its holdings in Sony by 259.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 456 shares of the company’s stock worth $31,000 after buying an additional 329 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Sony by 41.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 498 shares of the company’s stock valued at $34,000 after buying an additional 146 shares in the last quarter. Shine Investment Advisory Services Inc. increased its position in shares of Sony by 188.6% in the second quarter. Shine Investment Advisory Services Inc. now owns 534 shares of the company’s stock valued at $37,000 after buying an additional 349 shares in the last quarter. Harvest Group Wealth Management LLC increased its position in shares of Sony by 58.3% in the second quarter. Harvest Group Wealth Management LLC now owns 543 shares of the company’s stock valued at $37,000 after buying an additional 200 shares in the last quarter. Finally, Jeppson Wealth Management LLC purchased a new position in shares of Sony in the third quarter valued at $44,000. 7.72% of the stock is owned by institutional investors.
Shares of SNE opened at $94.07 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $117.66 billion, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 3.70 and a beta of 1.02. The firm’s fifty day simple moving average is $82.69 and its two-hundred day simple moving average is $75.96. Sony has a 12 month low of $50.94 and a 12 month high of $94.50.
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 distributes software titles and add-on content through digital networks by Sony Interactive Entertainment; network services related to game, video, and music content; and home and portable game consoles, packaged software, and peripheral devices.
Featured Story: Management Fee
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sony Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony and related companies with MarketBeat.com's FREE daily email newsletter.