SoftBank Group (OTCMKTS:SFTBY) Announces Quarterly Earnings Results

SoftBank Group (OTCMKTS:SFTBYGet Free Report) announced its earnings results on Thursday. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.12, Zacks reports. The business had revenue of $12.82 billion for the quarter, compared to analysts’ expectations of $12.23 billion. SoftBank Group had a return on equity of 26.38% and a net margin of 62.60%.

SoftBank Group Price Performance

Shares of SoftBank Group stock traded down $0.13 during trading hours on Friday, hitting $17.60. The company’s stock had a trading volume of 1,512,516 shares, compared to its average volume of 5,314,608. The business has a 50 day moving average price of $19.59 and a two-hundred day moving average price of $16.42. SoftBank Group has a 12-month low of $10.55 and a 12-month high of $28.97. The company has a market cap of $201.06 billion, a PE ratio of 6.21 and a beta of 1.87. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 0.80.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday, June 26th. Sanford C. Bernstein restated an “outperform” rating on shares of SoftBank Group in a research report on Wednesday, June 17th. Finally, TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

View Our Latest Stock Report on SoftBank Group

About SoftBank Group

(Get Free Report)

SoftBank Group Corp is a Tokyo‐based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.

A key pillar of SoftBank’s strategy is its investment arm, the SoftBank Vision Fund, which targets high‐growth technology companies around the globe.

See Also

Earnings History for SoftBank Group (OTCMKTS:SFTBY)

Receive News & Ratings for SoftBank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SoftBank Group and related companies with MarketBeat.com's FREE daily email newsletter.