Equities analysts predict that Sony Corp (NYSE:SNE) will report $0.19 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Sony’s earnings. Sony posted earnings of ($0.12) per share during the same quarter last year, which would indicate a positive year over year growth rate of 258.3%. The business is scheduled to announce its next earnings report before the market opens on Friday, April 26th.
According to Zacks, analysts expect that Sony will report full-year earnings of $6.07 per share for the current financial year, with EPS estimates ranging from $6.03 to $6.11. For the next year, analysts expect that the firm will report earnings of $4.30 per share, with EPS estimates ranging from $4.04 to $4.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Sony.
Sony (NYSE:SNE) last issued its quarterly earnings results on Friday, February 1st. The company reported $2.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $1.03. The firm had revenue of $2,401.81 billion during the quarter, compared to the consensus estimate of $2,676.17 billion. Sony had a return on equity of 20.21% and a net margin of 9.48%. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter last year, the company posted $234.08 EPS.
Several equities research analysts recently weighed in on the company. ValuEngine cut Sony from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 3rd. Zacks Investment Research downgraded Sony from a “buy” rating to a “hold” rating in a report on Friday, March 1st. CLSA reissued a “buy” rating on shares of Sony in a report on Friday, March 22nd. Jefferies Financial Group cut Sony from a “buy” rating to a “hold” rating and reduced their price target for the stock from $77.62 to $44.04 in a research report on Wednesday, March 20th. Finally, Macquarie cut Sony from an “outperform” rating to a “neutral” rating in a research report on Friday, February 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Sony currently has a consensus rating of “Hold” and an average target price of $50.32.
Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in Sony by 639.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,807,688 shares of the company’s stock worth $109,636,000 after acquiring an additional 1,563,202 shares during the period. Menora Mivtachim Holdings LTD. purchased a new stake in shares of Sony in the fourth quarter valued at approximately $51,675,000. Boston Partners lifted its holdings in Sony by 42.6% in the fourth quarter. Boston Partners now owns 2,018,740 shares of the company’s stock valued at $97,464,000 after acquiring an additional 602,923 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in Sony in the fourth quarter valued at approximately $23,021,000. Finally, LMR Partners LLP acquired a new position in Sony in the fourth quarter valued at approximately $19,478,000. Institutional investors and hedge funds own 7.55% of the company’s stock.
SNE opened at $46.99 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.76 and a current ratio of 0.86. Sony has a 52-week low of $41.91 and a 52-week high of $61.02. The company has a market cap of $58.44 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33.
Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.
See Also: What is a Futures Contract?
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.