Sony Corp Ord (SNE) Earning Somewhat Favorable News Coverage, Study Shows
News coverage about Sony Corp Ord (NYSE:SNE) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sony Corp Ord earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.2417329476262 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Box Office: ‘Dark Tower’ Takes Grim Tumble, ‘Baby Driver’ Tops $100M (finance.yahoo.com)
- Pre-Market Technical Recap on Electronic Equipment Stocks — Apple, Fabrinet, Philips, and Sony (markets.businessinsider.com)
- Will ‘LawBreakers’ Be ‘Rainbow Six Siege,’ ‘Titanfall 2’ Or ‘Battleborn’? (finance.yahoo.com)
- Box Office: ‘Spider-Man: Homecoming’ Swings Over $300 Million Today (finance.yahoo.com)
- [$$] HBO’s Hack: ‘Hollywood Is Under Siege’ (finance.yahoo.com)
SNE has been the topic of several analyst reports. Zacks Investment Research raised shares of Sony Corp Ord from a “hold” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a research report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $45.74 price target on shares of Sony Corp Ord in a research report on Thursday, August 3rd. Sanford C. Bernstein initiated coverage on shares of Sony Corp Ord in a research report on Tuesday, April 25th. They set an “outperform” rating and a $41.00 price target on the stock. BidaskClub lowered shares of Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, J P Morgan Chase & Co raised shares of Sony Corp Ord from a “neutral” rating to an “overweight” rating in a research report on Friday, April 21st. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $42.31.
Sony Corp Ord (NYSE SNE) traded up 0.38% during mid-day trading on Monday, hitting $39.15. 437,882 shares of the stock traded hands. The stock’s 50 day moving average is $39.62 and its 200-day moving average is $35.15. Sony Corp Ord has a 12 month low of $27.72 and a 12 month high of $41.65. The company has a market cap of $49.45 billion, a price-to-earnings ratio of 41.92 and a beta of 1.73.
Sony Corp Ord (NYSE:SNE) last announced its earnings results on Tuesday, August 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.08. Sony Corp Ord had a net margin of 1.67% and a return on equity of 4.17%. The firm had revenue of $1,858.10 billion for the quarter, compared to analyst estimates of $1,735.86 billion. During the same quarter last year, the business earned $16.44 earnings per share. Sony Corp Ord’s revenue was up 15.2% compared to the same quarter last year. On average, equities research analysts anticipate that Sony Corp Ord will post $2.18 EPS for the current year.
About Sony Corp Ord
Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.
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