Sony Group (NYSE:SONY) Posts Earnings Results, Beats Expectations By $0.14 EPS

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

Sony Group Stock Performance

Sony Group stock opened at $24.16 on Friday. The company has a market cap 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 company has a fifty day moving average price of $21.46 and a two-hundred day moving average price of $15.12. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group has a 12 month low of $15.02 and a 12 month high of $24.25.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SONY. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Sanford C. Bernstein started coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. Finally, Oppenheimer decreased their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $24.00.

About Sony Group

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.