Sony Group (NYSE:SONY) Issues Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Sony Group (NYSE:SONY - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.14, Zacks reports. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. 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 Trading Up 4.2 %

SONY traded up $0.97 during trading on Monday, reaching $24.16. 5,032,566 shares of the stock traded hands, compared to its average volume of 3,630,980. 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 capitalization of $146.08 billion, a PE ratio of 19.77, a P/E/G ratio of 11.46 and a beta of 0.96. The stock's 50-day moving average is $21.46 and its 200 day moving average is $15.28. Sony Group has a 12 month low of $15.02 and a 12 month high of $24.25.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SONY shares. Oppenheimer decreased their price objective on Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. Finally, StockNews.com cut shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to 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.