Sony Corp Ord (SNE) Posts Earnings Results, Beats Expectations By $103.03 EPS
Sony Corp Ord (NYSE:SNE) announced its quarterly earnings data on Tuesday. The company reported $103.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $103.03, Briefing.com reports. Sony Corp Ord had a return on equity of 4.17% and a net margin of 1.67%. The business had revenue of $2,062.53 billion during the quarter, compared to analysts’ expectations of $1,873.94 billion. During the same period in the previous year, the firm earned $3.84 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. Sony Corp Ord updated its FY18 guidance to JPY380 EPS.
Shares of Sony Corp Ord (NYSE:SNE) traded up 15.03% during midday trading on Tuesday, hitting $44.69. The company had a trading volume of 3,841,967 shares. Sony Corp Ord has a one year low of $27.72 and a one year high of $45.25. The stock’s 50-day moving average price is $37.59 and its 200-day moving average price is $37.65. The stock has a market capitalization of $56.45 billion, a price-to-earnings ratio of 46.89 and a beta of 1.76.
A number of equities research analysts recently commented on the company. Zacks Investment Research cut Sony Corp Ord from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Credit Suisse Group cut Sony Corp Ord from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Morgan Stanley cut Sony Corp Ord from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 11th. BidaskClub cut Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, Citigroup Inc. cut Sony Corp Ord from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $40.60 to $39.93 in a research note on Monday, September 11th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Sony Corp Ord currently has an average rating of “Buy” and a consensus target price of $43.42.
ILLEGAL ACTIVITY NOTICE: “Sony Corp Ord (SNE) Posts Earnings Results, Beats Expectations By $103.03 EPS” was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/31/sony-corp-ord-sne-posts-earnings-results-beats-expectations-by-103-03-eps.html.
About Sony Corp Ord
Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.
Receive News & Ratings for Sony Corp Ord Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony Corp Ord and related companies with MarketBeat.com's FREE daily email newsletter.