SoftBank Group (OTCMKTS:SFTBY) Announces Quarterly Earnings Results

SoftBank Group (OTCMKTS:SFTBYGet 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”.

Read Our Latest Stock Analysis on SFTBY

SoftBank Group Company Profile

(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.

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Earnings History for SoftBank Group (OTCMKTS:SFTBY)

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