Sonos (NASDAQ:SONO - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04, Zacks reports. Sonos had a negative return on equity of 13.22% and a negative net margin of 4.73%.
Sonos Stock Down 0.6 %
Shares of NASDAQ SONO traded down $0.08 during midday trading on Monday, hitting $13.80. The stock had a trading volume of 2,965,419 shares, compared to its average volume of 2,126,461. The stock has a 50 day simple moving average of $14.44 and a 200-day simple moving average of $13.18. The company has a market capitalization of $1.66 billion, a PE ratio of -24.21 and a beta of 1.97. Sonos has a 1 year low of $10.23 and a 1 year high of $19.76.
Wall Street Analysts Forecast Growth
Separately, Rosenblatt Securities reaffirmed a "buy" rating and set a $18.00 target price on shares of Sonos in a report on Friday.
View Our Latest Analysis on Sonos
About Sonos
(
Get Free Report)
Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers wireless, portable, and home theater speakers; components; and accessories. The company offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its website.
Featured Articles
Before you consider Sonos, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sonos wasn't on the list.
While Sonos currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
