SoftBank Group (OTCMKTS:SFTBY) Announces Earnings Results

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

SoftBank Group Price Performance

SFTBY stock opened at $31.00 on Thursday. SoftBank Group has a 52 week low of $22.35 and a 52 week high of $37.19. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.68. The firm’s fifty day moving average is $30.16 and its 200 day moving average is $29.44. The firm has a market cap of $91.14 billion, a P/E ratio of 6.20 and a beta of 1.14.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lowered shares of SoftBank Group from a “buy” rating to a “hold” rating in a research 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.