SoftBank Group (OTCMKTS:SFTBY) Announces Quarterly Earnings Results

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

SoftBank Group Stock Up 2.1 %

SFTBY stock opened at $31.65 on Friday. The firm’s 50-day moving average is $30.16 and its two-hundred day moving average is $29.44. The company has a market capitalization of $93.05 billion, a price-to-earnings ratio of 6.36 and a beta of 1.14. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.82. SoftBank Group has a 52 week low of $22.35 and a 52 week high of $37.19.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group downgraded shares of SoftBank Group from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

About SoftBank Group

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.