Sonos (SONO) to Release Earnings on Wednesday

Sonos (NASDAQ:SONO) is expected to be releasing its Q2 2025 earnings data before the market opens on Wednesday, May 7th. Analysts expect Sonos to post earnings of ($0.17) per share and revenue of $251.85 million for the quarter.

Sonos (NASDAQ:SONO) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Sonos had a negative net margin of 4.73% and a negative return on equity of 13.17%. On average, analysts expect Sonos to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sonos Trading Up 3.1 %

Shares of NASDAQ:SONO opened at $9.45 on Wednesday. The stock has a market capitalization of $1.13 billion, a PE ratio of -16.58 and a beta of 2.01. Sonos has a 1 year low of $7.63 and a 1 year high of $18.02. The firm has a fifty day moving average price of $10.53 and a 200 day moving average price of $12.70.

Sonos announced that its Board of Directors has initiated a share buyback program on Monday, February 24th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to repurchase up to 10.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SONO shares. Rosenblatt Securities reiterated a “buy” rating and issued a $18.00 price objective on shares of Sonos in a report on Friday, February 7th. Jefferies Financial Group decreased their price objective on shares of Sonos from $19.00 to $13.00 and set a “buy” rating for the company in a report on Monday, April 7th.

Insider Buying and Selling at Sonos

In other Sonos news, major shareholder Coliseum Capital Management, L bought 62,506 shares of the stock in a transaction on Monday, April 7th. The shares were purchased at an average price of $8.38 per share, with a total value of $523,800.28. Following the acquisition, the insider now directly owns 12,118,088 shares of the company’s stock, valued at $101,549,577.44. This represents a 0.52 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Sonos Company Profile

Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers wireless, portable, and home theater speakers; components; and accessories. The company offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its website.