Wall Street analysts expect Sony Corp (NYSE:SNE) to report $0.80 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for Sony’s earnings. Sony reported earnings of $0.90 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 11.1%. The firm is expected to issue its next earnings results on Tuesday, October 30th.

According to Zacks, analysts expect that Sony will report full year earnings of $4.17 per share for the current financial year, with EPS estimates ranging from $4.09 to $4.25. For the next year, analysts forecast that the business will post earnings of $4.52 per share, with EPS estimates ranging from $4.13 to $4.91. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Sony.

Sony (NYSE:SNE) last issued its earnings results on Tuesday, July 31st. The company reported $1.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.44. The firm had revenue of $1,953.62 billion for the quarter, compared to the consensus estimate of $1,882.28 billion. Sony had a return on equity of 16.74% and a net margin of 7.32%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $62.70 EPS.

A number of brokerages have weighed in on SNE. ValuEngine raised Sony from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Zacks Investment Research raised Sony from a “sell” rating to a “hold” rating and set a $63.00 price objective on the stock in a report on Friday, August 3rd. Finally, Credit Suisse Group raised Sony from a “neutral” rating to an “outperform” rating in a report on Monday, September 10th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $74.15.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNE. Boston Partners acquired a new position in Sony during the 2nd quarter worth about $71,195,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Sony by 16.2% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,388 shares of the company’s stock worth $454,000 after buying an additional 1,309 shares during the period. Marietta Investment Partners LLC raised its position in shares of Sony by 3.0% in the 2nd quarter. Marietta Investment Partners LLC now owns 43,847 shares of the company’s stock worth $2,248,000 after acquiring an additional 1,292 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. bought a new position in shares of Sony in the 2nd quarter worth about $13,840,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Sony by 696.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 245,726 shares of the company’s stock worth $12,595,000 after acquiring an additional 214,865 shares in the last quarter. 7.61% of the stock is currently owned by institutional investors.

Shares of SNE stock traded up $0.08 during trading hours on Friday, reaching $59.53. The company’s stock had a trading volume of 608,800 shares, compared to its average volume of 1,110,014. The company has a market cap of $73.96 billion, a PE ratio of 18.09, a P/E/G ratio of 1.97 and a beta of 1.43. Sony has a fifty-two week low of $36.25 and a fifty-two week high of $59.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.92.

Sony Company Profile

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.

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Earnings History and Estimates for Sony (NYSE:SNE)

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