Sony Group Corporation (SONY)

NYSE: SONY · IEX Real-Time Price · USD
85.74
-0.80 (-0.92%)
At close: Mar 28, 2024, 4:00 PM
86.29
+0.55 (0.64%)
After-hours: Mar 28, 2024, 7:56 PM EDT
-0.92%
Market Cap 106.09B
Revenue (ttm) 88.88B
Net Income (ttm) 6.42B
Shares Out 1.23B
EPS (ttm) 4.86
PE Ratio 18.80
Forward PE 16.37
Dividend $0.56 (0.65%)
Ex-Dividend Date Sep 28, 2023
Volume 660,801
Open 86.19
Previous Close 86.54
Day's Range 85.73 - 86.35
52-Week Range 79.62 - 100.94
Beta 0.85
Analysts Strong Buy
Price Target 108.00 (+25.96%)
Earnings Date Apr 26, 2024

About SONY

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices. It also develops, produces, markets, and distributes recorded music; publishes m... [Read more]

Sector Technology
IPO Date Dec 1, 1958
Employees 113,000
Stock Exchange NYSE
Ticker Symbol SONY
Full Company Profile

Financial Performance

In 2022, Sony Group's revenue was 11.54 trillion, an increase of 16.31% compared to the previous year's 9.92 trillion. Earnings were 937.13 billion, an increase of 6.23%.

Financial numbers in JPY Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for SONY stock is "Strong Buy." The 12-month stock price forecast is $108.0, which is an increase of 25.96% from the latest price.

Price Target
$108.0
(25.96% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Sony Semiconductor Brings Inference Close To The Edge

AI only matters to businesses if the technology enables competitive differentiation or drives increased efficiencies. The past year has seen technology companies focus on training models that promise ...

1 day ago - Forbes

How Sony's PlayStation has rivaled Microsoft and Nintendo in the console wars

CNBC takes a look back at the how the Sony's PlayStation brand created the best-selling video game console of all time.

19 days ago - CNBC

PlayStation is laying off 900 people globally — read the full email employees received about it

Sony announced roughly 900 employees would be laid off from the PlayStation division. The decision comes amidst a slowing gaming market, with others like Microsoft also cutting jobs.

4 weeks ago - Business Insider

Sony to lay off 900 workers in its PlayStation division

Company will cut 8% of workforce, citing changes in industry and a need to ‘deliver on expectations from developers and gamers'

4 weeks ago - The Guardian

Sony to cut about 900 jobs in its PlayStation unit as layoffs in technology, gaming sector continue

Sony will cut about 900 jobs in its PlayStation division, or about 8% of its global workforce, becoming the latest company in the technology and gaming sector to announce layoffs.

4 weeks ago - TechXplore

Sony lays off 900 workers from PlayStation division amid videogame slump

Sony Interactive Entertainment said Tuesday that it's laying off some 900 employees in its PlayStation unit -- 8% of its global workforce.

4 weeks ago - New York Post

Sony Laying Off 900 PlayStation Employees In Latest Gaming Industry Cuts

Sony Interactive Entertainment, Sony's video game division, is laying off 900 employees across multiple PlayStation studios and will completely close its London studio, the company announced Tuesday, ...

4 weeks ago - Forbes

Sony to lay off 900 PlayStation employees, shut London studio

Japan's Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said on Tuesday as the videogame industry struggles to recover from a post-pandemic slump.

4 weeks ago - Reuters

Sony plans to lay off 900 employees as part of global restructuring

Sony joins the list of games companies laying off employees as it plans to reduce its global headcount by 8%, or about 900 people.

4 weeks ago - VentureBeat

Sony to lay off 900 workers from PlayStation division, or 8% of unit's global workforce

Sony to lay off 900 workers from PlayStation division, or 8% of unit's global workforce

4 weeks ago - CNBC

Available at B&H Photo: Sony Announces FE 24-50mm F2.8 G Lens, YouTube First Look Video and More Info at B&H

NEW YORK--(BUSINESS WIRE)-- #Apple--ND B&H is pleased to announce the Sony FE 24-50mm f/2.8 G Lens. This compact and lightweight standard zoom offers a fast and constant f/2.8 aperture while maintaini...

5 weeks ago - Business Wire

Disney Reaches Deal With Sony Pictures Home Entertainment For Its Physical Media Production

Disney has reached a deal with Sony under which the latter's home entertainment division will handle all Disney releases on DVD and Blu-ray as well as all physical media production. It's the latest si...

Other symbols: DIS
5 weeks ago - Deadline

Zee Entertainment shares soar on reports Sony deal talks are back on

Nearly a month after ending merger talks with Sony Group Corp., India's Zee Entertainment Enterprises Ltd. may be ready to try again for a deal that had been in the works for two years.

5 weeks ago - Market Watch

Top 4 Consumer Stocks That Could Blast Off In Q1 - iRobot (NASDAQ:IRBT), Leggett & Platt (NYSE:LEG)

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

Other symbols: IRBTLEGLL
5 weeks ago - Benzinga

India's Zee Entertainment pops 10% on report that $10 billion merger with Sony is being revived

Sony first proposed to combine its India entertainment business with Zee in December 2021. Those negotiations collapsed after more than two years.

5 weeks ago - CNBC

India's Zee Entertainment seeks to revive $10 bln merger with Sony, ET reports

India's Zee Entertainment is making a final attempt to restart discussions with Japan's Sony Group to revive their $10 billion merger deal which was scrapped on Jan. 22, Indian business daily Economic...

5 weeks ago - Reuters

Sony to release a 'Pro' version of the PlayStation 5 this year after cutting outlook, analysts say

Analysts told CNBC they expect Sony to launch the PlayStation 5 Pro this year which would offer new hardware for the release of Grand Theft Auto VI in 2025.

5 weeks ago - CNBC

Sony plunged $10 billion after its PS5 sales cut. But a bigger issue is its near decade low games margin

Around $10 billion of value was wiped off Sony's stock this week after it cut its sales forecast for its flagship PlayStation 5 console for the fiscal year.

5 weeks ago - CNBC

Sony to partner with Seagate on hard disk drives used for AI -Nikkei

Sony to partner with U.S.-based Seagate Technology on mass production of hard disk drives (HDDs) to meet growing AI demand, the Nikkei newspaper reported on Friday.

Other symbols: STX
6 weeks ago - Reuters

Sony stock slumps as PlayStation 5 sales to miss target

Shares of Sony slumped in Tokyo trade on Thursday as the electronics giant cut its sales forecast, citing worse-than-expected PlayStation 5 sales.

6 weeks ago - Market Watch

Sony Plans Financial Services IPO as PS5 Sales Cool

Electronics/entertainment giant Sony plans to take its financial services unit public next fall. The company announced the partial spin-off of Sony Financial Group (SFGI), a business that includes ban...

6 weeks ago - PYMNTS

Sony cuts forecast for PlayStation 5 sales

Sony said it now expects to sell 21 million units fo the PlayStation 5 in the fiscal year ended March, down from a previous forecast of 25 million units. CNBC's Arjun Kharpal reports.

6 weeks ago - CNBC International TV

Sony, Honda EV venture to roll out three models before 2030 - Nikkei

A joint venture set up by Japan's Sony Group and Honda Motor will introduce three electric vehicle (EV) models by the second half of this decade, the Nikkei business daily reported on Wednesday.

Other symbols: HMC
6 weeks ago - Reuters

Sony's profit rises on growing sales of music, games, pictures, sensors

Japanese electronics and entertainment company Sony's profit rose 13% in October-December on growing growing sales of music, image sensors and video games, the company said Wednesday.

6 weeks ago - TechXplore

Sony Pictures Entertainment Third-Quarter Profits Jump 57% To $281M

Sony Pictures Entertainment recorded profits of $281 million for the third-quarter of fiscal year 2023, a 57% hike versus the comparable period in 2022. Revenues were also up 5% to $2.473 billion.

6 weeks ago - Deadline