Sony Group Co. (NYSE:SONY – Get Rating) – Oppenheimer investment analysts raised their third-quarter 2023 earnings estimates for Sony Group shares in a note to investors Tuesday, August 2. Oppenheimer analyst Yang now expects the company to post earnings per share of $1.52 for the quarter, up from its previous forecast of $1.45. Oppenheimer currently has an “NA” rating and a target price of $125.00 on the stock. The consensus estimate for Sony Group’s current annual earnings is $5.63 per share. Oppenheimer also released estimates for Sony Group’s fiscal year 2023 earnings at $4.98 EPS and fiscal year 2024 earnings at $6.53 EPS.
A number of other brokerages have also recently released reports on SONY. Citigroup downgraded shares of Sony Group from a “buy” rating to a “neutral” rating in a Tuesday, July 5 report. TheStreet upgraded Sony Group shares from a ‘b-‘ rating to a ‘c+’ rating in a Tuesday, July 5 research note. Finally, Macquarie upgraded Sony Group shares from a “neutral” rating to an “outperforming” rating in a Friday July 8 research note. Two equity research analysts rated the stock with a hold rating and two assigned the company a buy rating. Based on MarketBeat data, Sony Group currently has an average rating of “Moderate Buy” and a consensus target price of $125.00.
Sony Group stock market performance
Shares of NYSE SONY opened at $86.32 on Thursday. The company has a debt ratio of 0.17, a quick ratio of 0.53 and a current ratio of 0.60. The company has a market capitalization of $105.32 billion, a P/E ratio of 14.18, a P/E/G ratio of 5.25 and a beta of 0.88. The company’s fifty-day moving average is $85.75 and its two-hundred-day moving average is $94.09. Sony Group has a 52-week low of $79.05 and a 52-week high of $133.75.
Sony Group (NYSE:SONY – Get Rating) last announced its quarterly results on Tuesday, May 10. The company reported earnings per share (EPS) of $0.77 for the quarter, missing analyst consensus estimates of $0.82 per ($0.05). The company posted revenue of $19.49 billion in the quarter, versus a consensus estimate of $20.82 billion. Sony Group had a net margin of 8.91% and a return on equity of 11.54%.
Hedge funds weigh on the Sony group
Institutional investors and hedge funds have recently changed their positions in the company. Ieq Capital LLC bought a new position in Sony Group shares during Q1 for a value of approximately $273,000. Quent Capital LLC bought a new position in Sony Group shares during Q4 for a value of approximately $121,000. Calamos Wealth Management LLC increased its stake in Sony Group shares by 48.0% during the 1st quarter. Calamos Wealth Management LLC now owns 18,015 shares of the company worth $1,850,000 after purchasing an additional 5,841 shares during the period. Keybank National Association OH increased its stake in Sony Group shares by 5.9% during the 1st quarter. Keybank National Association OH now owns 4,111 shares of the company worth $422,000 after purchasing 228 additional shares during the period. Finally, UMB Bank NA MO bought a new position in Sony Group shares during Q4 for a value of approximately $391,000.
About Sony Group
(Get a rating)
Sony Group Corporation designs, develops, produces and sells electronic equipment, instruments and devices for the consumer, professional and industrial markets in Japan, the United States, Europe, China, Asia-Pacific and the international. The Company distributes software titles and complementary content through digital networks; network services relating to gaming, video and music content; and home and portable game consoles, embedded software and peripherals.
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Sony Group Co. (NYSE:SONY – Get Rating) – Oppenheimer investment analysts raised their third-quarter 2023 earnings estimates for Sony Group shares in a note to investors Tuesday, August 2. Oppenheimer analyst Yang now expects the company to post earnings per share of $1.52 for the quarter, up from its previous forecast of $1.45. Oppenheimer currently has an “NA” rating and a target price of $125.00 on the stock. The consensus estimate for Sony Group’s current annual earnings is $5.63 per share. Oppenheimer also released estimates for Sony Group’s fiscal year 2023 earnings at $4.98 EPS and fiscal year 2024 earnings at $6.53 EPS.
A number of other brokerages have also recently released reports on SONY. Citigroup downgraded shares of Sony Group from a “buy” rating to a “neutral” rating in a Tuesday, July 5 report. TheStreet upgraded Sony Group shares from a ‘b-‘ rating to a ‘c+’ rating in a Tuesday, July 5 research note. Finally, Macquarie upgraded Sony Group shares from a “neutral” rating to an “outperforming” rating in a Friday July 8 research note. Two equity research analysts rated the stock with a hold rating and two assigned the company a buy rating. Based on MarketBeat data, Sony Group currently has an average rating of “Moderate Buy” and a consensus target price of $125.00.
Sony Group stock market performance
Shares of NYSE SONY opened at $86.32 on Thursday. The company has a debt ratio of 0.17, a quick ratio of 0.53 and a current ratio of 0.60. The company has a market capitalization of $105.32 billion, a P/E ratio of 14.18, a P/E/G ratio of 5.25 and a beta of 0.88. The company’s fifty-day moving average is $85.75 and its two-hundred-day moving average is $94.09. Sony Group has a 52-week low of $79.05 and a 52-week high of $133.75.
Sony Group (NYSE:SONY – Get Rating) last announced its quarterly results on Tuesday, May 10. The company reported earnings per share (EPS) of $0.77 for the quarter, missing analyst consensus estimates of $0.82 per ($0.05). The company posted revenue of $19.49 billion in the quarter, versus a consensus estimate of $20.82 billion. Sony Group had a net margin of 8.91% and a return on equity of 11.54%.
Hedge funds weigh on the Sony group
Institutional investors and hedge funds have recently changed their positions in the company. Ieq Capital LLC bought a new position in Sony Group shares during Q1 for a value of approximately $273,000. Quent Capital LLC bought a new position in Sony Group shares during Q4 for a value of approximately $121,000. Calamos Wealth Management LLC increased its stake in Sony Group shares by 48.0% during the 1st quarter. Calamos Wealth Management LLC now owns 18,015 shares of the company worth $1,850,000 after purchasing an additional 5,841 shares during the period. Keybank National Association OH increased its stake in Sony Group shares by 5.9% during the 1st quarter. Keybank National Association OH now owns 4,111 shares of the company worth $422,000 after purchasing 228 additional shares during the period. Finally, UMB Bank NA MO bought a new position in Sony Group shares during Q4 for a value of approximately $391,000.
About Sony Group
(Get a rating)
Sony Group Corporation designs, develops, produces and sells electronic equipment, instruments and devices for the consumer, professional and industrial markets in Japan, the United States, Europe, China, Asia-Pacific and the international. The Company distributes software titles and complementary content through digital networks; network services relating to gaming, video and music content; and home and portable game consoles, embedded software and peripherals.
Further reading
Get news and reviews for Sony Group Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst assessments for Sony Group and related companies with MarketBeat.com’s free daily email newsletter.