Sonos (SONO) Set to Announce Quarterly Earnings on Tuesday

Sonos (NASDAQ:SONOGet Free Report) will post its quarterly earnings results after the market closes on Tuesday, February 6th. Analysts expect Sonos to post earnings of $0.60 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Sonos (NASDAQ:SONOGet Free Report) last issued its quarterly earnings results on Wednesday, November 15th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.04). The business had revenue of $305.15 million during the quarter, compared to the consensus estimate of $305.79 million. Sonos had a positive return on equity of 3.59% and a negative net margin of 0.62%. On average, analysts expect Sonos to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sonos Stock Up 0.8 %

Shares of NASDAQ SONO opened at $15.99 on Monday. The business’s 50 day moving average is $16.35 and its two-hundred day moving average is $14.32. The company has a market cap of $1.99 billion, a P/E ratio of -159.88, a P/E/G ratio of 17.54 and a beta of 1.94. Sonos has a 12 month low of $9.78 and a 12 month high of $21.98.

Wall Street Analysts Forecast Growth

SONO has been the topic of a number of research reports. Bank of America cut Sonos from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $12.00 in a research report on Tuesday, November 7th. Morgan Stanley upgraded Sonos from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $17.00 to $20.00 in a research report on Tuesday, December 12th. Finally, Rosenblatt Securities restated a “buy” rating and set a $20.00 price objective on shares of Sonos in a research report on Monday, November 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $19.20.

Read Our Latest Report on SONO

Insider Activity

In other Sonos news, insider Maxime Bouvat-Merlin sold 6,917 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $11.27, for a total value of $77,954.59. Following the sale, the insider now directly owns 24,138 shares in the company, valued at $272,035.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 8,727 shares of company stock worth $106,878. Company insiders own 3.13% of the company’s stock.

Institutional Trading of Sonos

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its position in Sonos by 74.1% in the third quarter. Public Employees Retirement System of Ohio now owns 1,826 shares of the company’s stock valued at $25,000 after acquiring an additional 777 shares during the period. State of Wyoming bought a new stake in Sonos in the second quarter valued at $31,000. First Manhattan Co. bought a new stake in Sonos in the first quarter valued at $36,000. Pacific Center for Financial Services acquired a new position in Sonos in the first quarter worth $39,000. Finally, Money Concepts Capital Corp boosted its stake in Sonos by 3,649.3% in the fourth quarter. Money Concepts Capital Corp now owns 2,812 shares of the company’s stock worth $48,000 after purchasing an additional 2,737 shares in the last quarter. 84.26% of the stock is currently owned by institutional investors.

About Sonos

(Get Free Report)

Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers wireless, portable, and home theater speakers; components; and accessories. The company offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its website.

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Earnings History for Sonos (NASDAQ:SONO)

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