SoftBank Group (OTCMKTS:SFTBY) Releases Quarterly Earnings Results

SoftBank Group (OTCMKTS:SFTBY) issued its earnings results on Wednesday. The technology company reported ($0.83) earnings per share (EPS) for the quarter, Zacks reports. SoftBank Group had a net margin of 31.74% and a return on equity of 17.03%.

SoftBank Group Stock Down 1.5 %

SFTBY stock opened at $30.92 on Wednesday. The company has a fifty day moving average price of $30.14 and a 200 day moving average price of $29.43. SoftBank Group has a 12 month low of $22.35 and a 12 month high of $37.19. The company has a market cap of $90.90 billion, a price-to-earnings ratio of 6.18 and a beta of 1.14. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.68 and a quick ratio of 0.67.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut shares of SoftBank Group from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

SoftBank Group Company Profile

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.