Sony Corp (NYSE:SNE) – Equities researchers at Jefferies Financial Group boosted their FY2020 earnings per share (EPS) estimates for Sony in a research note issued on Monday, April 15th. Jefferies Financial Group analyst A. Goyal now anticipates that the company will post earnings of $4.61 per share for the year, up from their prior estimate of $4.55. Jefferies Financial Group has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for Sony’s FY2021 earnings at $4.75 EPS.
Sony (NYSE:SNE) last posted its quarterly earnings results on Friday, February 1st. The company reported $2.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $1.03. The firm had revenue of $2,401.81 billion for the quarter, compared to the consensus estimate of $2,676.17 billion. Sony had a net margin of 9.48% and a return on equity of 20.21%. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period last year, the firm posted $234.08 earnings per share.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Sony from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Monday, March 4th. CLSA restated a “buy” rating on shares of Sony in a research report on Friday, March 22nd. Macquarie cut shares of Sony from an “outperform” rating to a “neutral” rating in a research report on Friday, February 1st. Finally, ValuEngine cut shares of Sony from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $50.32.
NYSE:SNE opened at $47.74 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $60.32 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 2.06 and a beta of 1.33. Sony has a twelve month low of $41.91 and a twelve month high of $61.02.
Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in shares of Sony by 639.4% during the third quarter. Bank of New York Mellon Corp now owns 1,807,688 shares of the company’s stock valued at $109,636,000 after acquiring an additional 1,563,202 shares during the last quarter. Menora Mivtachim Holdings LTD. acquired a new stake in shares of Sony during the fourth quarter valued at about $51,675,000. Boston Partners increased its position in shares of Sony by 42.6% during 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 stake in shares of Sony during the fourth quarter valued at about $23,021,000. Finally, LMR Partners LLP acquired a new stake in shares of Sony during the fourth quarter valued at about $19,478,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.
Sony Company Profile
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.
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