SoftBank Group (OTCMKTS:SFTBY) Announces Earnings Results

SoftBank Group (OTCMKTS:SFTBY) released its quarterly earnings results on Wednesday. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.86, Zacks reports. SoftBank Group had a net margin of 48.62% and a return on equity of 23.66%.

SoftBank Group Trading Up 5.6%

OTCMKTS:SFTBY traded up $1.03 during midday trading on Wednesday, reaching $19.56. 1,596,814 shares of the stock traded hands, compared to its average volume of 2,369,037. The company has a fifty day moving average of $13.78 and a 200 day moving average of $14.52. SoftBank Group has a 12 month low of $6.34 and a 12 month high of $22.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.81 and a current ratio of 0.83. The stock has a market capitalization of $223.44 billion, a P/E ratio of 9.02 and a beta of 1.70.

Wall Street Analyst Weigh In

SFTBY has been the subject of a number of research reports. Zacks Research raised shares of SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Cantor Fitzgerald initiated coverage on shares of SoftBank Group in a research note on Monday, March 9th. They issued an “overweight” rating for the company. Jefferies Financial Group cut shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. Finally, TD Cowen raised shares of SoftBank Group to a “hold” rating in a research note on Wednesday, April 1st. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

SoftBank Group Company Profile

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.