Sony Corp Ord (NYSE:SNE) - Equities researchers at Jefferies Group raised their FY2020 earnings estimates for shares of Sony Corp Ord in a research note issued to investors on Tuesday. Jefferies Group analyst A. Goyal now anticipates that the company will post earnings per share of $3.42 for the year, up from their prior estimate of $3.13. Jefferies Group currently has a “Buy” rating and a $45.74 target price on the stock.
SNE has been the topic of several other research reports. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating on shares of Sony Corp Ord in a research note on Monday, May 1st. Zacks Investment Research downgraded Sony Corp Ord from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub raised Sony Corp Ord from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. J P Morgan Chase & Co raised Sony Corp Ord from a “neutral” rating to an “overweight” rating in a research report on Friday, April 21st. Finally, Sanford C. Bernstein began coverage on Sony Corp Ord in a research report on Tuesday, April 25th. They set an “outperform” rating and a $41.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $42.31.
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Sony Corp Ord (SNE) traded up 0.35% during midday trading on Wednesday, hitting $40.34. The stock had a trading volume of 546,489 shares. The stock has a 50-day moving average price of $39.13 and a 200 day moving average price of $34.58. Sony Corp Ord has a one year low of $27.72 and a one year high of $41.65. The firm has a market cap of $50.95 billion, a PE ratio of 43.75 and a beta of 1.73.
Sony Corp Ord (NYSE:SNE) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.08. Sony Corp Ord had a return on equity of 4.17% and a net margin of 1.67%. The business had revenue of $1,858.10 billion during the quarter, compared to analysts’ expectations of $1,735.86 billion. During the same quarter in the prior year, the business earned $16.44 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Eqis Capital Management Inc. raised its stake in Sony Corp Ord by 40.7% in the first quarter. Eqis Capital Management Inc. now owns 18,311 shares of the company’s stock valued at $618,000 after buying an additional 5,298 shares during the period. World Asset Management Inc raised its stake in Sony Corp Ord by 1.4% in the first quarter. World Asset Management Inc now owns 78,711 shares of the company’s stock valued at $2,655,000 after buying an additional 1,108 shares during the period. HPM Partners LLC purchased a new stake in Sony Corp Ord during the first quarter valued at $583,000. Norges Bank purchased a new stake in Sony Corp Ord during the fourth quarter valued at $3,017,000. Finally, Minneapolis Portfolio Management Group LLC raised its stake in Sony Corp Ord by 0.5% in the first quarter. Minneapolis Portfolio Management Group LLC now owns 1,207,514 shares of the company’s stock valued at $40,729,000 after buying an additional 6,275 shares during the period. Institutional investors and hedge funds own 6.95% of the company’s stock.
Sony Corp Ord Company Profile
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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