SoftBank Group (OTCMKTS:SFTBY) Issues Earnings Results, Misses Estimates By $0.55 EPS

SoftBank Group (OTCMKTS:SFTBY – Get Free Report) released its quarterly earnings results on Tuesday. The technology company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.55), Zacks reports. SoftBank Group had a return on equity of 26.14% and a net margin of 62.60%. The firm had revenue of $13.96 billion for the quarter, compared to analyst estimates of $12.68 billion.

SoftBank Group Price Performance

Shares of SFTBY opened at $11.26 on Wednesday. SoftBank Group has a fifty-two week low of $10.55 and a fifty-two week high of $28.97. The company has a market capitalization of $128.63 billion, a price-to-earnings ratio of 4.14 and a beta of 2.07. The firm has a 50-day simple moving average of $17.25 and a 200-day simple moving average of $16.70. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.68.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of SoftBank Group from an “underperform” rating to a “hold” rating in a research report on Wednesday, October 28th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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SoftBank Group Company Profile

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SoftBank Group is a Japan-based holding company focused on technology businesses and investments. Founded in 1981 by Masayoshi Son, it began as a software distributor and expanded into telecommunications and a broad portfolio of technology-related businesses. The group’s activities include operating and investing in companies involved in mobile and broadband communications, internet services, artificial intelligence, semiconductors, and other technology fields. Its portfolio includes Arm, a semiconductor and software-design company, and it invests in businesses through vehicles such as the SoftBank Vision Funds.

Further Reading

Earnings History for SoftBank Group (OTCMKTS:SFTBY)

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