SoftBank Group (OTCMKTS:SFTBY) Issues Earnings Results, Misses Expectations By $0.55 EPS

SoftBank Group (OTCMKTS:SFTBY) issued its quarterly earnings results on Tuesday. The technology company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.55), Zacks reports. SoftBank Group had a return on equity of 6.64% and a net margin of 16.02%. The company had revenue of $13.96 billion for the quarter, compared to analyst estimates of $12.68 billion.

SoftBank Group Price Performance

Shares of OTCMKTS:SFTBY opened at $12.49 on Thursday. The firm has a 50 day moving average of $17.19 and a 200-day moving average of $16.70. The stock has a market capitalization of $142.68 billion, a PE ratio of 17.11 and a beta of 2.07. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. SoftBank Group has a 12 month low of $10.55 and a 12 month high of $28.97.

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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

About SoftBank Group

SoftBank Group is a Japan-based holding company focused on technology businesses and investments. Founded in 1981 by Masayoshi Son, it began as a software distributor and expanded into telecommunications and a broad portfolio of technology-related businesses. The group’s activities include operating and investing in companies involved in mobile and broadband communications, internet services, artificial intelligence, semiconductors, and other technology fields. Its portfolio includes Arm, a semiconductor and software-design company, and it invests in businesses through vehicles such as the SoftBank Vision Funds.