Sony Group Co. Expected to Earn FY2023 Earnings of $7.87 Per Share (NYSE:SONY)

Sony Group Co. (NYSE:SONY – Get Rating) – Stock analysts at Jefferies Financial Group issued their FY2023 earnings estimates for Sony Group in a research report issued on Tuesday, May 10th. Jefferies Financial Group analyst A. Goyal forecasts that the company will post earnings per share of $7.87 for the year. Jefferies Financial Group also issued estimates for Sony Group’s FY2024 earnings at $9.33 EPS and FY2025 earnings at $10.86 EPS.

Several other brokerages have also issued reports on SONY. Zacks Investment Research lowered Sony Group from a “buy” rating to a “sell” rating and set a $115.00 target price for the company. in a research report on Friday, February 4th. StockNews.com initiated coverage on Sony Group in a research report on Thursday, March 31st. They set a “hold” rating for the company.

Shares of NYSE:SONY traded up $2.70 during trading hours on Friday, hitting $86.60. 6,793 shares of the company’s stock traded hands, compared to its average volume of 820,821. Sony Group has a 1 year low of $79.94 and a 1 year high of $133.75. The business has a fifty day moving average price of $94.98 and a 200-day moving average price of $109.62. The company has a quick ratio of 0.55, a current ratio of 0.65 and a debt-to-equity ratio of 0.13.

Several hedge funds and other institutional investors have recently made changes to their positions in SONY. Primecap Management Co. CA purchased a new stake in Sony Group during the third quarter worth $3,080,204,000. Morgan Stanley purchased a new stake in Sony Group during the third quarter worth $268,675,000. Gamco Investors INC. ET AL purchased a new stake in Sony Group during the third quarter worth $209,262,000. Gabelli Funds LLC acquired a new position in shares of Sony Group during the third quarter worth $187,135,000. Finally, Menora Mivtachim Holdings LTD. acquired a new position in shares of Sony Group during the third quarter worth $170,897,000.

Sony Group Company Profile (Get Rating)

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home and portable game consoles, packaged software, and peripheral devices.

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