SoftBank Group (OTCMKTS:SFTBY) Hits New 12-Month High After Strong Earnings

Key Points

• SoftBank Group shares reached a new 52-week high of $44.87 during trading, closing at $43.35 with a trading volume of 457,638 shares.
• The company's quarterly earnings surpassed expectations, reporting an EPS of $1.16, significantly exceeding the estimated loss of ($0.53) with revenues of $13.10 billion.
• SoftBank Group has a market cap of $127.45 billion and a current P/E ratio of 16.48, reflecting a strong financial position in its sector.

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY - Get Free Report) hit a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $44.87 and last traded at $43.35, with a volume of 457638 shares changing hands. The stock had previously closed at $42.19.

The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.28 by $0.74. SoftBank Group had a net margin of 23.99% and a return on equity of 12.93%. The business had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.24 billion.

SoftBank Group Price Performance

The firm's 50-day moving average price is $34.62 and its 200-day moving average price is $29.70. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $139.59 billion, a PE ratio of 11.72 and a beta of 1.20.

About SoftBank Group

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.