Sonova (SONVY) Expected to Post Quarterly Earnings on Thursday

Sonova (OTCMKTS:SONVY) is expected to issue its results before the market opens on Thursday, November 12th. Analysts expect Sonova to announce earnings of $1.09 per share and revenue of $2.21 billion for the quarter.

Sonova Stock Performance

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

Analyst Ratings Changes

A number of research analysts recently issued reports on SONVY shares. UBS Group lowered Sonova from a “strong-buy” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group raised shares of Sonova from a “hold” rating to a “buy” rating in a report on Thursday, October 8th. Finally, Citigroup restated a “sell” rating on shares of Sonova in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average 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.