SoftBank Group (OTCMKTS:SFTBY – Get Free Report) issued its quarterly earnings data on Thursday. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12, Zacks reports. The company had revenue of $12.82 billion during the quarter, compared to analysts’ expectations of $12.23 billion. SoftBank Group had a return on equity of 28.68% and a net margin of 64.12%.
SoftBank Group Stock Down 1.7%
SFTBY stock traded down $0.31 during trading on Friday, reaching $17.42. The stock had a trading volume of 362,492 shares, compared to its average volume of 3,124,183. SoftBank Group has a 1-year low of $10.55 and a 1-year high of $28.97. The company has a market capitalization of $199.00 billion, a P/E ratio of 6.01 and a beta of 1.87. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.85. The firm has a fifty day moving average price of $19.71 and a 200 day moving average price of $16.41.
Analyst Upgrades and Downgrades
SFTBY has been the topic of a number of analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft upgraded shares of SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. Finally, TD Cowen reiterated a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, SoftBank Group has an average 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.
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