Softbank Corp. (Japan) (SFTBY) Releases Quarterly Earnings Results
Softbank Corp. (Japan) (OTCMKTS:SFTBY) issued its quarterly earnings results on Wednesday. The technology company reported $3.58 EPS for the quarter, Morningstar.com reports. Softbank Corp. (Japan) had a net margin of 8.34% and a return on equity of 17.10%.
Shares of Softbank Corp. (OTCMKTS SFTBY) traded down $0.33 during trading hours on Thursday, hitting $40.02. 53,459 shares of the company’s stock were exchanged, compared to its average volume of 308,962. Softbank Corp. has a 52 week low of $35.01 and a 52 week high of $46.56. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.00 and a quick ratio of 0.95.
A number of brokerages have issued reports on SFTBY. Sanford C. Bernstein assumed coverage on shares of Softbank Corp. (Japan) in a report on Thursday, October 19th. They issued an “outperform” rating on the stock. Jefferies Group set a $53.00 price objective on shares of Softbank Corp. (Japan) and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of Softbank Corp. (Japan) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th.
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SoftBank Group Corp., together with its subsidiaries, operates in the information industry in Japan and internationally. The company operates through five segments: Domestic Telecommunications, Sprint, Yahoo Japan, Distribution, and ARM. The Domestic Telecommunications segment provides mobile communications and broadband services; sells mobile devices; and provision of fixed-line telecommunications services to corporate customers, such as data communications and fixed-line telephone services.
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