SoftBank Group (SFTBF) Projected to Post Quarterly Earnings on Thursday

SoftBank Group (OTCMKTS:SFTBF) will likely be posting its results after the market closes on Thursday, August 6th. Analysts expect the company to post earnings of $0.1349 per share and revenue of $12.0315 billion for the quarter.

SoftBank Group Price Performance

OTCMKTS:SFTBF opened at $33.00 on Tuesday. SoftBank Group has a fifty-two week low of $20.80 and a fifty-two week high of $180.00. The business has a 50 day moving average price of $40.22 and a 200-day moving average price of $32.73.

Institutional Investors Weigh In On SoftBank Group

An institutional investor recently bought a new stake in SoftBank Group stock. Atlas Capital Advisors Inc. purchased a new stake in shares of SoftBank Group Corp. (OTCMKTS:SFTBF) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,576 shares of the company’s stock, valued at approximately $185,000. 25.02% of the stock is owned by institutional investors and hedge funds.

SoftBank Group Company Profile

SoftBank Group Corp., headquartered in Tokyo, is a Japanese multinational conglomerate holding company with diversified interests in telecommunications, technology services and investment management. Founded in 1981 by Masayoshi Son, the company began as a software distributor before branching into mobile communications and internet ventures. Over the years, SoftBank has built one of Japan’s largest wireless networks and expanded its operations to encompass a broad range of digital services.

The company’s principal activities include the provision of mobile and fixed-line telecommunications through SoftBank Corp., which serves millions of consumers and businesses across Japan.