Sony (NYSE:SONY) Announces Earnings Results, Beats Expectations By $0.06 EPS

Key Points

• Sony reported $0.30 earnings per share (EPS) for the quarter, exceeding analysts' expectations of $0.24, despite revenues of $17.79 billion falling short of the estimated $18.88 billion.
• The company's stock saw a trading increase of $1.12, reaching $27.15, with a market cap of $164.19 billion and a PE ratio of 21.55.
• Brighton Jones LLC boosted its stake in Sony by an impressive 422.0%, increasing its holdings to a total valuation of $421,000 as institutional investors now own 14.05% of the stock.

Sony (NYSE:SONY - Get Free Report) released its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06, Zacks reports. The company had revenue of $17.79 billion for the quarter, compared to analysts' expectations of $18.88 billion. Sony had a return on equity of 13.88% and a net margin of 9.14%. During the same period in the previous year, the business posted $189.90 earnings per share. Sony updated its FY 2025 guidance to EPS.

Sony Trading Down 1.0%

SONY stock traded down $0.28 during trading on Thursday, hitting $27.71. The company had a trading volume of 998,651 shares, compared to its average volume of 5,225,895. The business has a 50-day moving average of $25.34 and a 200-day moving average of $24.65. Sony has a one year low of $17.42 and a one year high of $28.04. The stock has a market cap of $167.55 billion, a PE ratio of 21.98 and a beta of 0.91. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16.

Institutional Trading of Sony

Several institutional investors have recently added to or reduced their stakes in SONY. Russell Investments Group Ltd. boosted its holdings in shares of Sony by 24.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 16,501 shares of the company's stock worth $430,000 after buying an additional 3,255 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Sony by 20.8% during the 2nd quarter. NewEdge Advisors LLC now owns 78,034 shares of the company's stock worth $2,031,000 after buying an additional 13,451 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of Sony by 422.0% during the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company's stock worth $421,000 after buying an additional 16,094 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Sony by 26.7% during the 1st quarter. AQR Capital Management LLC now owns 178,889 shares of the company's stock worth $4,542,000 after buying an additional 37,677 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Sony during the second quarter worth approximately $26,058,000. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Sony from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

About Sony

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.