SoftBank Group (OTCMKTS:SFTBY) Announces Quarterly Earnings Results

SoftBank Group (OTCMKTS:SFTBY) posted its quarterly earnings data on Tuesday. The technology company reported $5.93 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $5.38, Zacks reports. SoftBank Group had a return on equity of 22.08% and a net margin of 41.42%.The company had revenue of $12.44 billion for the quarter, compared to analyst estimates of $12.61 billion.

SoftBank Group Price Performance

Shares of SFTBY stock opened at $70.60 on Thursday. The firm has a market cap of $201.63 billion, a price-to-earnings ratio of 9.70 and a beta of 1.37. SoftBank Group has a 12 month low of $19.86 and a 12 month high of $90.00. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average price of $69.95 and a 200 day moving average price of $47.68.

Analysts Set New Price Targets

Separately, New Street Research downgraded shares of SoftBank Group from a “buy” rating to a “neutral” rating in a research report on Thursday, September 25th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, SoftBank Group currently has an average rating of “Hold”.

About SoftBank Group

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.