Softbank Corp. (Japan) (SFTBY) Posts Quarterly Earnings Results

Softbank Corp. (Japan) (OTCMKTS:SFTBY) posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $3.58 earnings per share (EPS) for the quarter, reports. The business had revenue of $21.27 billion during the quarter. Softbank Corp. (Japan) had a net margin of 17.15% and a return on equity of 32.24%.

Shares of Softbank Corp. (OTCMKTS SFTBY) traded down $0.35 on Thursday, reaching $41.42. 48,768 shares of the company’s stock traded hands, compared to its average volume of 342,315. Softbank Corp. has a twelve month low of $35.01 and a twelve month high of $46.56. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 2.06.

A number of research firms have recently weighed in on SFTBY. Zacks Investment Research upgraded shares of Softbank Corp. (Japan) from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Jefferies Group set a $53.00 target price on shares of Softbank Corp. (Japan) and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Sanford C. Bernstein assumed coverage on shares of Softbank Corp. (Japan) in a report on Thursday, October 19th. They issued an “outperform” rating for the company.

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About Softbank Corp. (Japan)

SoftBank Group Corp., together with its subsidiaries, operates in the information industry in Japan and internationally. The company operates through five segments: Domestic Telecommunications, Sprint, Yahoo Japan, Distribution, and ARM. The Domestic Telecommunications segment provides mobile communications and broadband services; sells mobile devices; and provision of fixed-line telecommunications services to corporate customers, such as data communications and fixed-line telephone services.

Earnings History for Softbank Corp. (Japan) (OTCMKTS:SFTBY)

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