Sonos (SONO) to Release Earnings on Wednesday

Sonos (NASDAQ:SONO - Get Free Report) is expected to release its Q2 2025 earnings data before the market opens on Wednesday, May 7th. Analysts expect Sonos to post earnings of ($0.17) per share and revenue of $251.85 million for the quarter.

Sonos (NASDAQ:SONO - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. Sonos had a negative return on equity of 13.17% and a negative net margin of 4.73%. On average, analysts expect Sonos to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sonos Price Performance

Shares of NASDAQ:SONO opened at $9.45 on Wednesday. Sonos has a 12 month low of $7.63 and a 12 month high of $18.02. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -16.58 and a beta of 2.01. The stock's 50 day moving average price is $10.53 and its 200 day moving average price is $12.70.

Sonos announced that its Board of Directors has approved a stock buyback program on Monday, February 24th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to buy up to 10.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, major shareholder Coliseum Capital Management, L purchased 62,506 shares of the stock in a transaction dated Monday, April 7th. The shares were acquired at an average cost of $8.38 per share, for a total transaction of $523,800.28. Following the acquisition, the insider now directly owns 12,118,088 shares in the company, valued at approximately $101,549,577.44. The trade was a 0.52 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on SONO. Rosenblatt Securities restated a "buy" rating and issued a $18.00 price target on shares of Sonos in a research report on Friday, February 7th. Jefferies Financial Group lowered their price objective on shares of Sonos from $19.00 to $13.00 and set a "buy" rating on the stock in a research report on Monday, April 7th.

Sonos Company Profile

Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers wireless, portable, and home theater speakers; components; and accessories. The company offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its website.

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