Sony (NYSE:SONY) Issues Earnings Results

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) announced its quarterly earnings results on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.06, Zacks reports. The company had revenue of $17.79 billion during the quarter, compared to analyst estimates of $18.88 billion. Sony had a return on equity of 14.12% and a net margin of 9.14%. During the same quarter in the previous year, the firm posted $189.90 EPS. Sony updated its FY 2025 guidance to EPS.

Sony Price Performance

Shares of NYSE SONY traded up $1.12 during mid-day trading on Friday, reaching $27.15. 4,946,465 shares of the company traded hands, compared to its average volume of 4,292,736. Sony has a fifty-two week low of $16.73 and a fifty-two week high of $27.29. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57. The firm has a market cap of $164.19 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 12.99 and a beta of 0.91. The stock has a fifty day simple moving average of $25.30 and a 200-day simple moving average of $24.54.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sony stock. Brighton Jones LLC lifted its stake in shares of Sony Corporation (NYSE:SONY - Free Report) by 422.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,908 shares of the company's stock after acquiring an additional 16,094 shares during the quarter. Brighton Jones LLC's holdings in Sony were worth $421,000 at the end of the most recent reporting period. 14.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Sony Company Profile

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.

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