Analysts Expect Sony Corp (SNE) to Post $0.19 Earnings Per Share

Equities analysts expect that Sony Corp (NYSE:SNE) will post $0.19 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Sony’s earnings. Sony posted earnings per share of ($0.12) during the same quarter last year, which suggests a positive year over year growth rate of 258.3%. The business is expected to report its next quarterly earnings report before the market opens on Friday, April 26th.

On average, analysts expect that Sony will report full-year earnings of $6.12 per share for the current financial year, with EPS estimates ranging from $6.03 to $6.20. For the next year, analysts forecast that the company will report earnings of $4.33 per share, with EPS estimates ranging from $4.04 to $4.61. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for Sony.

Sony (NYSE:SNE) last issued its quarterly earnings results on Friday, February 1st. The company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $1.03. The firm had revenue of $2,401.81 billion during the quarter, compared to the consensus estimate of $2,676.17 billion. Sony had a return on equity of 20.21% and a net margin of 9.48%. Sony’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $234.08 earnings per share.

SNE has been the subject of a number of analyst reports. Zacks Investment Research raised Sony from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Thursday, January 17th. Macquarie downgraded Sony from an “outperform” rating to a “neutral” rating in a report on Friday, February 1st. ValuEngine downgraded Sony from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Jefferies Financial Group downgraded Sony from a “buy” rating to a “hold” rating and reduced their target price for the stock from $77.62 to $44.04 in a report on Wednesday, March 20th. Finally, CLSA reaffirmed a “buy” rating on shares of Sony in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $50.32.

SNE traded up $0.12 on Friday, reaching $47.86. The company’s stock had a trading volume of 1,076,253 shares, compared to its average volume of 1,485,165. The company has a market capitalization of $60.47 billion, a P/E ratio of 14.55, a P/E/G ratio of 2.06 and a beta of 1.33. Sony has a 1 year low of $41.91 and a 1 year high of $61.02. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.76 and a current ratio of 0.86.

A number of large investors have recently added to or reduced their stakes in SNE. Enlightenment Research LLC bought a new position in Sony during the 4th quarter worth approximately $34,000. Massey Quick Simon & CO. LLC bought a new position in Sony during the 1st quarter worth approximately $42,000. Truvestments Capital LLC bought a new position in Sony during the 1st quarter worth approximately $48,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Sony during the 4th quarter worth approximately $53,000. Finally, Liberty Wealth Management LLC acquired a new stake in shares of Sony during the 4th quarter worth approximately $72,000. 7.55% of the stock is currently owned by institutional investors.

About Sony

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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