Sonos (NASDAQ:SONO - Get Free Report) released its earnings results on Thursday. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.04, Zacks reports. Sonos had a negative net margin of 4.73% and a negative return on equity of 13.22%.
Sonos Stock Performance
Shares of NASDAQ:SONO traded down $0.08 during midday trading on Monday, hitting $13.80. The company's stock had a trading volume of 2,965,419 shares, compared to its average volume of 2,126,461. The company has a market cap of $1.66 billion, a P/E ratio of -24.21 and a beta of 1.97. Sonos has a 12-month low of $10.23 and a 12-month high of $19.76. The business's 50 day simple moving average is $14.44 and its 200 day simple moving average is $13.18.
Wall Street Analysts Forecast Growth
Separately, Rosenblatt Securities reiterated a "buy" rating and set a $18.00 price objective on shares of Sonos in a research note on Friday.
View Our Latest Stock Analysis on SONO
About Sonos
(
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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.
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