SoftBank Group (OTCMKTS:SFTBY) Announces Earnings Results

SoftBank Group (OTCMKTS:SFTBY) posted its quarterly earnings data on Tuesday. The technology company reported $5.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $5.38, Zacks reports. The company had revenue of $12.44 billion for the quarter, compared to the consensus estimate of $12.61 billion. SoftBank Group had a return on equity of 22.08% and a net margin of 41.42%.

SoftBank Group Stock Performance

SoftBank Group stock opened at $70.60 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.84 and a quick ratio of 0.82. SoftBank Group has a 12 month low of $19.86 and a 12 month high of $90.00. The company has a fifty day moving average price of $69.95 and a two-hundred day moving average price of $47.68. The company has a market cap of $201.63 billion, a PE ratio of 9.70 and a beta of 1.37.

Analyst Ratings Changes

Separately, New Street Research downgraded shares of SoftBank Group from a “buy” rating to a “neutral” rating in a research report on Thursday, September 25th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

About SoftBank Group

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.