SoftBank Group (SFTBY) Projected to Release Earnings on Tuesday

SoftBank Group (OTCMKTS:SFTBY) is expected to post its results after the market closes on Tuesday, November 10th. Analysts expect SoftBank Group to post earnings of ($0.0663) per share and revenue of $12.68 billion for the quarter.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The company had revenue of $12.82 billion during the quarter, compared to analysts’ expectations of $12.23 billion. SoftBank Group had a return on equity of 26.14% and a net margin of 62.60%.

SoftBank Group Stock Performance

Shares of SoftBank Group stock traded up $0.20 during trading hours on Tuesday, reaching $13.54. 1,017,042 shares of the stock traded hands, compared to its average volume of 3,334,059. SoftBank Group has a one year low of $10.55 and a one year high of $28.97. The firm has a market capitalization of $154.68 billion, a price-to-earnings ratio of 4.78 and a beta of 1.91. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.89. The company has a 50 day moving average price of $17.74 and a 200 day moving average price of $16.72.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised shares of SoftBank Group from an “underperform” rating to a “hold” rating in a report on Wednesday, October 28th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

SoftBank Group Company Profile

SoftBank Group Corp. is a Japanese holding company focused on technology, telecommunications and investment activities. Founded in 1981 by Masayoshi Son, the company began as a distributor of computer software before expanding into internet businesses, mobile communications and technology investing. It is headquartered in Tokyo and serves markets in Japan and internationally.

SoftBank Group’s activities include managing investments in technology companies through its investment portfolio and SoftBank Vision Funds, which have backed businesses in areas such as artificial intelligence, software, e-commerce, financial technology, robotics and communications.