Wall Street brokerages forecast that Sony Corp (NYSE:SNE) will announce earnings of $0.89 per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Sony’s earnings. Sony reported earnings per share of $0.13 during the same quarter last year, which suggests a positive year-over-year growth rate of 584.6%. The company is expected to report its next earnings results on Thursday, February 1st.

On average, analysts expect that Sony will report full-year earnings of $2.87 per share for the current year, with EPS estimates ranging from $2.73 to $3.01. For the next year, analysts expect that the firm will post earnings of $2.97 per share, with EPS estimates ranging from $2.61 to $3.32. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Sony.

Several research firms have recently weighed in on SNE. ValuEngine upgraded shares of Sony from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research note on Tuesday, January 2nd. Credit Suisse Group downgraded shares of Sony from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Jefferies Group reiterated a “buy” rating and issued a $45.74 target price on shares of Sony in a research note on Tuesday, October 24th. Finally, Morgan Stanley downgraded shares of Sony from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Sony currently has an average rating of “Buy” and a consensus target price of $48.19.

Sony (NYSE SNE) traded up $1.45 on Friday, hitting $48.70. 1,356,100 shares of the stock traded hands, compared to its average volume of 599,412. The stock has a market capitalization of $61,535.23, a P/E ratio of 27.36 and a beta of 1.79. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.71. Sony has a 52-week low of $28.53 and a 52-week high of $48.79.

A number of large investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC grew its stake in Sony by 10.8% during the third quarter. Parametric Portfolio Associates LLC now owns 821,330 shares of the company’s stock valued at $30,668,000 after acquiring an additional 79,906 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in Sony during the third quarter valued at approximately $580,000. Janney Montgomery Scott LLC grew its stake in Sony by 31.8% during the third quarter. Janney Montgomery Scott LLC now owns 12,508 shares of the company’s stock valued at $467,000 after acquiring an additional 3,021 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in Sony by 95.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,641 shares of the company’s stock valued at $248,000 after acquiring an additional 3,242 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Sony by 245.0% during the third quarter. Cubist Systematic Strategies LLC now owns 45,318 shares of the company’s stock valued at $1,692,000 after acquiring an additional 32,183 shares in the last quarter. 6.77% of the stock is owned by institutional investors.

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Sony Company Profile

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.

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Earnings History and Estimates for Sony (NYSE:SNE)

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