Sony Co. (NYSE:SNE) – Investment analysts at Jefferies Group raised their FY2018 earnings per share estimates for Sony in a report released on Monday, April 16th. Jefferies Group analyst A. Goyal now expects that the company will post earnings of $4.26 per share for the year, up from their previous forecast of $4.13. Jefferies Group has a “Buy” rating and a $85.29 price target on the stock. Jefferies Group also issued estimates for Sony’s FY2019 earnings at $4.69 EPS and FY2020 earnings at $5.27 EPS.

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A number of other analysts have also recently issued reports on SNE. ValuEngine upgraded shares of Sony from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research note on Tuesday, January 2nd. Finally, JPMorgan Chase cut shares of Sony from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $54.56.

NYSE SNE opened at $49.35 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. The stock has a market cap of $61,775.30, a PE ratio of 96.76 and a beta of 1.38. Sony has a 52-week low of $31.51 and a 52-week high of $53.91.

Sony (NYSE:SNE) last posted its earnings results on Friday, February 2nd. The company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.74. The company had revenue of $2,672.32 billion during the quarter, compared to analysts’ expectations of $2,560.40 billion. Sony had a net margin of 6.29% and a return on equity of 15.00%. Sony’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company posted $15.55 EPS.

A number of institutional investors have recently modified their holdings of SNE. Gilder Gagnon Howe & Co. LLC acquired a new stake in Sony in the 4th quarter worth about $88,068,000. Deutsche Bank AG raised its stake in Sony by 132.4% in the 4th quarter. Deutsche Bank AG now owns 1,516,484 shares of the company’s stock worth $68,165,000 after purchasing an additional 863,884 shares in the last quarter. Two Sigma Advisers LP raised its stake in Sony by 113.1% in the 4th quarter. Two Sigma Advisers LP now owns 618,053 shares of the company’s stock worth $27,781,000 after purchasing an additional 328,000 shares in the last quarter. Jag Capital Management LLC acquired a new stake in Sony in the 4th quarter worth about $11,390,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Sony by 8,974.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 221,318 shares of the company’s stock worth $9,949,000 after purchasing an additional 218,879 shares in the last quarter. Institutional investors and hedge funds own 6.99% of the company’s stock.

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Sony Company Profile

Sony Corporation designs, develops, manufactures, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. It offers LCD televisions, optical pickups, mobile phones, tablets, audio equipment and video conference systems, batteries, broadcast and professional-use video equipment, and DVD-players/recorders; and Blu-ray Disc players and recorders, ROMs, CDs, DVDs, and UMDs.

Earnings History and Estimates for Sony (NYSE:SNE)

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