Sonova (SONVY) Expected to Release 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 Price Performance

Shares of SONVY opened at $71.05 on Thursday. The stock has a fifty day moving average price of $61.71 and a 200 day moving average price of $53.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.75. Sonova has a 12 month low of $42.26 and a 12 month high of $71.11.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SONVY. UBS Group downgraded shares of Sonova from a “strong-buy” rating to a “hold” rating in a report on Monday. Citigroup reaffirmed a “sell” rating on shares of Sonova in a report on Friday, July 24th. Finally, The Goldman Sachs Group raised shares of Sonova from a “hold” rating to a “buy” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sonova presently has a consensus rating of “Hold”.

Sonova Company Profile

Sonova Holding AG is a Switzerland-based hearing-care company that develops, manufactures and distributes solutions for people with hearing loss. Its portfolio includes hearing aids, cochlear implants, hearing implants, wireless communication products and related accessories and services.

The company markets products under several brands, including Phonak, Unitron and Advanced Bionics. Sonova also operates hearing-care businesses and retail networks that provide hearing assessments, device fitting, rehabilitation support and after-sales services.