SoftBank Group (OTCMKTS:SFTBY) Posts Quarterly Earnings Results

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

SoftBank Group Stock Down 1.5 %

SFTBY opened at $30.92 on Wednesday. SoftBank Group has a twelve month low of $22.35 and a twelve month high of $37.19. The company has a 50-day moving average price of $30.14 and a 200 day moving average price of $29.43. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.82. The company has a market cap of $90.90 billion, a PE ratio of 6.18 and a beta of 1.14.

Analyst Ratings Changes

Separately, Jefferies Financial Group lowered 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.