SoftBank Group (SFTBY) Projected to Release Quarterly Earnings on Tuesday

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

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

SoftBank Group Price Performance

Shares of SFTBY stock traded up $0.20 on Tuesday, hitting $13.54. 1,017,042 shares of the stock traded hands, compared to its average volume of 3,334,059. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.68 and a quick ratio of 0.67. SoftBank Group has a 52 week low of $10.55 and a 52 week high of $28.97. The firm has a 50 day simple moving average of $17.74 and a two-hundred day simple moving average of $16.72. The firm has a market cap of $154.68 billion, a price-to-earnings ratio of 4.78 and a beta of 1.91.

Wall Street Analysts Forecast Growth

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