FY2019 Earnings Estimate for Sony Corp (SNE) Issued By Jefferies Financial Group

Sony Corp (NYSE:SNE) – Equities research analysts at Jefferies Financial Group raised their FY2019 EPS estimates for shares of Sony in a note issued to investors on Monday, April 15th, Zacks Investment Research reports. Jefferies Financial Group analyst A. Goyal now forecasts that the company will post earnings of $6.20 per share for the year, up from their previous estimate of $6.11. Jefferies Financial Group currently has a “Buy” rating on the stock.

Several other equities research analysts have also commented on the stock. Zacks Investment Research raised shares of Sony from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Thursday, January 17th. Macquarie lowered shares of Sony from an “outperform” rating to a “neutral” rating in a report on Friday, February 1st. ValuEngine lowered shares of Sony from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Finally, CLSA reissued a “buy” rating on shares of Sony in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $50.32.

Sony stock remained flat at $$48.75 during mid-day trading on Wednesday. 1,888,177 shares of the company were exchanged, compared to its average volume of 1,574,612. Sony has a 52 week low of $41.91 and a 52 week high of $61.02. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.13. The company has a market cap of $61.60 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 2.46 and a beta of 1.39.

Sony (NYSE:SNE) last posted its quarterly earnings results on Friday, April 26th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.19 by $0.43. The firm had revenue of $2,127.50 billion for the quarter, compared to the consensus estimate of $2,040.96 billion. Sony had a net margin of 10.54% and a return on equity of 21.78%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $41.20 earnings per share.

A number of hedge funds have recently bought and sold shares of SNE. Bremer Bank National Association purchased a new stake in Sony during the 1st quarter valued at $94,000. BlackRock Inc. raised its holdings in Sony by 88.0% during the 1st quarter. BlackRock Inc. now owns 875,143 shares of the company’s stock valued at $36,966,000 after buying an additional 409,548 shares during the period. Synovus Financial Corp raised its holdings in Sony by 4.8% during the 1st quarter. Synovus Financial Corp now owns 39,383 shares of the company’s stock valued at $1,665,000 after buying an additional 1,810 shares during the period. Freestone Capital Holdings LLC raised its holdings in Sony by 17.9% during the 1st quarter. Freestone Capital Holdings LLC now owns 151,249 shares of the company’s stock valued at $6,388,000 after buying an additional 22,916 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Sony by 237.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 182,300 shares of the company’s stock valued at $7,700,000 after buying an additional 128,300 shares during the period. Institutional investors and hedge funds own 7.52% 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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Earnings History and Estimates for Sony (NYSE:SNE)

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