SoftBank Group (OTCMKTS:SFTBY) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS

SoftBank Group (OTCMKTS:SFTBY) released its earnings results on Thursday. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.12, Zacks reports. SoftBank Group had a return on equity of 28.68% and a net margin of 64.12%.

SoftBank Group Price Performance

Shares of SFTBY stock traded down $0.41 during trading hours on Thursday, hitting $17.73. The stock had a trading volume of 9,942,854 shares, compared to its average volume of 5,055,000. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.80 and a quick ratio of 0.78. The stock has a market capitalization of $202.54 billion, a price-to-earnings ratio of 6.12 and a beta of 1.87. SoftBank Group has a one year low of $10.55 and a one year high of $28.97. The stock’s 50-day moving average price is $19.71 and its two-hundred day moving average price is $16.41.

Analysts Set New Price Targets

A number of research firms recently commented on SFTBY. TD Cowen reissued a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About SoftBank Group

SoftBank Group Corp is a Tokyo‐based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.

A key pillar of SoftBank’s strategy is its investment arm, the SoftBank Vision Fund, which targets high‐growth technology companies around the globe.