SoftBank Group (OTCMKTS:SFTBY) Releases Earnings Results

SoftBank Group (OTCMKTS:SFTBY) posted its earnings results on Wednesday. The technology company reported ($0.83) earnings per share for the quarter, Zacks reports. SoftBank Group had a net margin of 31.74% and a return on equity of 17.03%.

SoftBank Group Price Performance

SFTBY stock opened at $30.92 on Wednesday. The business has a 50 day moving average price of $30.14 and a 200 day moving average price of $29.43. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.82. The stock has a market cap of $90.90 billion, a price-to-earnings ratio of 6.18 and a beta of 1.14. SoftBank Group has a fifty-two week low of $22.35 and a fifty-two week high of $37.19.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut shares of SoftBank Group from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

SoftBank Group Company Profile

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.