Sony Group (NYSE:SONY) Issues Earnings Results

Sony Group (NYSE:SONY) posted its earnings results on Thursday. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14, Zacks reports. Sony Group had a return on equity of 14.27% and a net margin of 8.55%. Sony Group updated its FY 2024 guidance to EPS.

Sony Group Price Performance

Shares of NYSE SONY opened at $24.16 on Friday. Sony Group has a fifty-two week low of $15.02 and a fifty-two week high of $24.25. The firm’s 50-day simple moving average is $21.46 and its 200 day simple moving average is $15.12. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market cap of $146.08 billion, a P/E ratio of 19.77, a P/E/G ratio of 11.46 and a beta of 0.96.

Analyst Upgrades and Downgrades

SONY has been the topic of a number of recent research reports. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, Oppenheimer cut their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $24.00.

Sony Group Company Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.