Media headlines about Sony (NYSE:SNE) have been trending somewhat positive on Wednesday, according to InfoTrie. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Sony earned a media sentiment score of 1.33 on their scale. InfoTrie also assigned headlines about the company an news buzz score of 7 out of 10, meaning that recent media coverage is likely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Sony’s analysis:
- Sony Reconfirms PS5 Features with Official Graphic – Push Square (pushsquare.com)
- ‘Cobra Kai’ Creators Ink Overall Deal With Sony Pictures Television, Launch Production Company – Deadline (deadline.com)
- Sony Pictures CEO Tony Vinciquerra Touts Studio’s Upside – Hollywood Reporter (hollywoodreporter.com)
- Sony Mobile will “defocus” attention on India, North America, South America, and other regions – XDA Developers (xda-developers.com)
- From Walkman to podcast: Sony Music moves into the podcast business, setting the stage for other music companies – Nieman Journalism Lab at Harvard (niemanlab.org)
A number of equities analysts have issued reports on the stock. ValuEngine cut shares of Sony from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Zacks Investment Research raised shares of Sony from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Monday, March 4th. Jefferies Financial Group cut shares of Sony from a “buy” rating to a “hold” rating and reduced their price objective for the company from $77.62 to $44.04 in a research note on Wednesday, March 20th. Macquarie raised shares of Sony from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 23rd. Finally, CLSA reaffirmed a “buy” rating on shares of Sony in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $50.32.
SNE opened at $51.03 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $66.50 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 2.48 and a beta of 1.39. Sony has a twelve month low of $41.91 and a twelve month high of $61.02.
Sony (NYSE:SNE) last posted its earnings results on Friday, April 26th. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.43. The company had revenue of $2,127.50 billion for the quarter, compared to analyst estimates of $2,040.96 billion. Sony had a net margin of 10.54% and a return on equity of 21.78%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $41.20 earnings per share. Research analysts predict that Sony will post 3.97 earnings per share for the current year.
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Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.
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