Sonos (NASDAQ:SONO) will post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Sonos to post earnings of ($0.23) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Sonos (NASDAQ:SONO) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.13. Sonos had a net margin of 0.85% and a return on equity of 6.88%. The business had revenue of $210.20 million during the quarter, compared to analysts’ expectations of $213.42 million. Sonos’s revenue was up 12.6% compared to the same quarter last year.
Shares of NASDAQ:SONO opened at $10.10 on Tuesday. Sonos has a 52 week low of $9.23 and a 52 week high of $22.25. The stock has a market cap of $1.10 billion and a PE ratio of -42.08. The business has a fifty day simple moving average of $10.98. The company has a quick ratio of 2.02, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Sonos from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. ValuEngine raised shares of Sonos from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Sonos presently has a consensus rating of “Buy” and an average price target of $19.75.
Sonos Company Profile
Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the United States and internationally. It provides wireless speakers, home theater speakers, and components. The company offers its products through third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its sonos.com Website.
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