SoftBank Group (OTCMKTS:SFTBY) Posts Earnings Results, Beats Estimates By $0.86 EPS

SoftBank Group (OTCMKTS:SFTBY) issued its quarterly earnings results on Wednesday. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.16 by $0.86, Zacks reports. The company had revenue of $13.17 billion for the quarter, compared to the consensus estimate of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%.

SoftBank Group Stock Performance

Shares of SoftBank Group stock traded down $0.62 during trading on Friday, hitting $17.88. 1,381,919 shares of the company’s stock were exchanged, compared to its average volume of 2,347,914. The stock has a market capitalization of $204.20 billion, a price-to-earnings ratio of 6.17 and a beta of 1.70. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.81 and a current ratio of 0.83. The business has a 50-day simple moving average of $14.04 and a 200-day simple moving average of $14.52. SoftBank Group has a 52-week low of $6.34 and a 52-week high of $22.50.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SFTBY shares. Zacks Research raised shares of SoftBank Group to a “hold” rating in a research report on Tuesday, March 10th. Jefferies Financial Group cut shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research report on Thursday, March 12th. TD Cowen reissued a “hold” rating on shares of SoftBank Group in a research report on Thursday. Finally, Cantor Fitzgerald started coverage on shares of SoftBank Group in a report on Monday, March 9th. They issued an “overweight” rating for the company. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, SoftBank Group has a consensus rating of “Hold”.

SoftBank Group Company Profile

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.