SoftBank Group (SFTBY) Expected to Release Quarterly Earnings on Thursday

SoftBank Group (OTCMKTS:SFTBY) is expected to be issuing its results after the market closes on Thursday, August 6th. Analysts expect SoftBank Group to post earnings of $0.0689 per share and revenue of $12.2304 billion for the quarter.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings results on Wednesday, May 13th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.16 by $0.86. SoftBank Group had a return on equity of 28.68% and a net margin of 64.12%.The business had revenue of $13.17 billion during the quarter, compared to analysts’ expectations of $12.54 billion. On average, analysts expect SoftBank Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SoftBank Group Trading Up 7.5%

OTCMKTS:SFTBY opened at $17.83 on Wednesday. The company has a market capitalization of $203.68 billion, a P/E ratio of 6.15 and a beta of 1.87. The stock’s 50 day moving average price is $19.93 and its 200 day moving average price is $16.34. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 0.80. SoftBank Group has a 52 week low of $9.88 and a 52 week high of $28.97.

Wall Street Analyst Weigh In

SFTBY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised shares of SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. Sanford C. Bernstein restated an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Finally, TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SoftBank Group currently has an average 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.