Sonova (SONVY) Projected to Post Quarterly Earnings on Thursday

Sonova (OTCMKTS:SONVY) is anticipated to announce its results before the market opens on Thursday, November 12th. Analysts expect the company to post earnings of $1.09 per share and revenue of $2.21 billion for the quarter.

Sonova Stock Down 0.1%

Shares of OTCMKTS:SONVY opened at $69.90 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51. Sonova has a one year low of $42.26 and a one year high of $71.91. The business’s 50-day simple moving average is $62.41 and its 200 day simple moving average is $53.65.

Analyst Ratings Changes

A number of research firms have weighed in on SONVY. Citigroup restated a “sell” rating on shares of Sonova in a report on Friday, July 24th. The Goldman Sachs Group upgraded shares of Sonova from a “hold” rating to a “buy” rating in a research note on Thursday, October 8th. Finally, UBS Group cut shares of Sonova from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Sonova Company Profile

Sonova is a Switzerland-based hearing care company headquartered in Stäfa. Founded in 1947 as AG für Elektroakustik, it has grown into a global provider of products and services for people with hearing loss.

The company develops and sells hearing aids under brands including Phonak and Unitron, as well as cochlear implant systems through Advanced Bionics. Its offerings also include wireless hearing solutions and consumer audio products sold under the Sennheiser brand.

Sonova serves customers worldwide through product sales and audiological care services, including hearing assessments, fittings and ongoing support.