Sonos (NASDAQ:SONO – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04, Zacks reports. Sonos had a negative net margin of 4.73% and a negative return on equity of 13.22%.
Sonos Price Performance
SONO opened at $13.88 on Friday. Sonos has a 52-week low of $10.23 and a 52-week high of $19.76. The business’s fifty day moving average is $14.44 and its 200-day moving average is $13.19.
Wall Street Analyst Weigh In
Separately, Rosenblatt Securities restated a “buy” rating and set a $18.00 target price on shares of Sonos in a research note on Friday.
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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