SoftBank Group (OTCMKTS:SFTBY) Posts Earnings Results, Beats Expectations By $0.86 EPS

SoftBank Group (OTCMKTS:SFTBY) posted its quarterly earnings results on Wednesday. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.86, Zacks reports. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. The firm had revenue of $13.17 billion for the quarter, compared to analysts’ expectations of $12.54 billion.

SoftBank Group Stock Performance

SFTBY stock traded down $0.62 on Friday, hitting $17.87. The company had a trading volume of 1,468,527 shares, compared to its average volume of 2,348,877. SoftBank Group has a 12-month low of $6.34 and a 12-month high of $22.50. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.96. The stock’s 50-day simple moving average is $14.04 and its 200 day simple moving average is $14.52. The stock has a market cap of $204.10 billion, a price-to-earnings ratio of 6.17 and a beta of 1.70.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SFTBY. Cantor Fitzgerald began coverage on shares of SoftBank Group in a report on Monday, March 9th. They issued an “overweight” rating on the stock. Jefferies Financial Group cut shares of SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. TD Cowen restated a “hold” rating on shares of SoftBank Group in a report on Thursday. Finally, Zacks Research upgraded shares of SoftBank Group to a “hold” rating in a report on Tuesday, March 10th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, SoftBank Group currently has an average rating of “Hold”.

About SoftBank Group

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.