Sonova (SONVY) Expected to Announce Quarterly Earnings on Monday

Sonova (OTCMKTS:SONVY) is projected to issue its resultson Monday, May 18th. Analysts expect the company to announce earnings of $1.44 per share and revenue of $2.4803 billion for the quarter.

Sonova Stock Performance

Shares of SONVY opened at $45.99 on Monday. Sonova has a 12 month low of $42.26 and a 12 month high of $68.76. The firm has a fifty day simple moving average of $46.75 and a 200 day simple moving average of $50.55. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.91 and a current ratio of 1.24.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. BNP Paribas Exane raised shares of Sonova from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Jefferies Financial Group cut Sonova from a “hold” rating to a “moderate sell” rating in a report on Wednesday, March 18th. Finally, Zacks Research upgraded Sonova from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About Sonova

Sonova AG (OTCMKTS:SONVY) is a Switzerland-based provider of hearing care solutions, headquartered in Stäfa. The company designs, develops, manufactures and distributes a range of audiological products and related services aimed at improving hearing and communication for people with hearing loss. Its portfolio spans behind-the-ear and in-the-ear hearing instruments, wireless accessories and software solutions that enable connectivity with consumer devices and audiological fittings.

Sonova markets its products under several well-known brands, including Phonak and Unitron for hearing aids, and it is also associated with Advanced Bionics for cochlear implant systems.