Sonos (SONO) Scheduled to Post Quarterly Earnings on Tuesday

Sonos (NASDAQ:SONO) is scheduled to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.27) per share for the quarter. Sonos has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Sonos (NASDAQ:SONO) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.22. Sonos had a positive return on equity of 5.65% and a negative net margin of 0.28%. The firm had revenue of $612.87 million for the quarter, compared to analyst estimates of $588.96 million. On average, analysts expect Sonos to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sonos Stock Performance

Shares of Sonos stock opened at $17.05 on Monday. The firm has a 50-day moving average of $18.23 and a 200-day moving average of $16.31. Sonos has a 52-week low of $9.78 and a 52-week high of $21.98. The stock has a market cap of $2.11 billion, a PE ratio of -568.14 and a beta of 2.00.

Analyst Ratings Changes

SONO has been the subject of a number of recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $24.00 target price on shares of Sonos in a research report on Monday, March 25th. Morgan Stanley increased their price objective on shares of Sonos from $20.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Finally, TheStreet raised shares of Sonos from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Sonos presently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Insider Buying and Selling at Sonos

In other news, Director Thomas Conrad sold 5,337 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $18.31, for a total value of $97,720.47. Following the completion of the transaction, the director now owns 37,334 shares of the company’s stock, valued at $683,585.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Thomas Conrad sold 5,337 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $18.31, for a total transaction of $97,720.47. Following the completion of the transaction, the director now directly owns 37,334 shares in the company, valued at $683,585.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Scott Mason sold 20,000 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $17.62, for a total value of $352,400.00. Following the completion of the transaction, the insider now owns 119,179 shares of the company’s stock, valued at $2,099,933.98. The disclosure for this sale can be found here. Insiders have sold a total of 27,147 shares of company stock worth $484,972 over the last 90 days. Insiders own 3.30% of the company’s stock.

Sonos Company Profile

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.