Sony Group (SONY) Scheduled to Post Quarterly Earnings on Wednesday

Sony Group (NYSE:SONYGet Free Report) is scheduled to announce its earnings results before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $1.65 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Sony Group Trading Up 0.2 %

Shares of SONY opened at $96.15 on Tuesday. Sony Group has a 1 year low of $79.62 and a 1 year high of $100.94. The company has a current ratio of 0.66, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $94.57 and a 200-day simple moving average of $88.39. The stock has a market cap of $118.67 billion, a PE ratio of 19.04, a PEG ratio of 4.21 and a beta of 1.01.

Institutional Investors Weigh In On Sony Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Sony Group by 76.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 42,279 shares of the company’s stock valued at $4,003,000 after buying an additional 18,330 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of Sony Group by 7.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 23,063 shares of the company’s stock valued at $1,901,000 after buying an additional 1,605 shares during the period. Schroder Investment Management Group increased its stake in shares of Sony Group by 44.5% in the 3rd quarter. Schroder Investment Management Group now owns 4,480 shares of the company’s stock valued at $369,000 after buying an additional 1,379 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Sony Group by 129.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 414,127 shares of the company’s stock valued at $34,101,000 after buying an additional 233,458 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Sony Group by 1.6% in the 3rd quarter. Rhumbline Advisers now owns 16,706 shares of the company’s stock worth $1,377,000 after purchasing an additional 260 shares during the last quarter. 8.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SONY shares. Wolfe Research started coverage on Sony Group in a report on Tuesday, December 12th. They issued an “outperform” rating for the company. TheStreet raised Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Finally, Benchmark started coverage on Sony Group in a report on Monday, October 16th. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

View Our Latest Research Report on Sony Group

Sony Group Company Profile

(Get Free Report)

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.

See Also

Earnings History for Sony Group (NYSE:SONY)

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