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SoftBank Group (OTCMKTS:SFTBY – Get Free Report) announced its quarterly earnings results on Thursday. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.12, Zacks reports. SoftBank Group had a net margin of 64.12% and a return on equity of 28.68%.
SoftBank Group Trading Down 2.3%
OTCMKTS:SFTBY traded down $0.41 during midday trading on Thursday, hitting $17.73. 9,942,854 shares of the company traded hands, compared to its average volume of 5,055,000. The firm has a market capitalization of $202.54 billion, a P/E ratio of 6.12 and a beta of 1.87. The firm’s fifty day moving average is $19.71 and its 200-day moving average is $16.41. SoftBank Group has a 12-month low of $10.55 and a 12-month high of $28.97. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.85.
Wall Street Analyst Weigh In
A number of brokerages have commented on SFTBY. Deutsche Bank Aktiengesellschaft raised shares of SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday, June 26th. TD Cowen restated a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.
SoftBank Group Company Profile
SoftBank Group Corp is a Tokyo‐based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.
A key pillar of SoftBank’s strategy is its investment arm, the SoftBank Vision Fund, which targets high‐growth technology companies around the globe.
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