Sony Group (NYSE:SONY – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14, Zacks reports. Sony Group had a net margin of 8.55% and a return on equity of 14.27%. Sony Group updated its FY 2024 guidance to EPS.
Sony Group Stock Up 5.4 %
Shares of NYSE SONY opened at $23.16 on Friday. The stock has a market capitalization of $140.07 billion, a P/E ratio of 18.95, a P/E/G ratio of 11.46 and a beta of 0.96. The company has a 50-day moving average price of $21.40 and a 200-day moving average price of $14.98. Sony Group has a 1 year low of $15.02 and a 1 year high of $24.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.
Analyst Ratings Changes
A number of research firms have commented on SONY. Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. Oppenheimer reduced their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Finally, StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $24.00.
About Sony Group
Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.
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