Sony (SNE) has a market cap of $35.7 billion. It fell 0.35% to close at $28.28 per share on December 28, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -1.6%, -4.4%, and 14.9%, respectively, on the same day.
SNE is trading 1.5% below its 20-day moving average, 5.8% below its 50-day moving average, and 4.3% below its 200-day moving average.
Related ETF and peers
The Vanguard FTSE Pacific ETF (VPL) invests 0.56% of its holdings in Sony. The YTD price movement of VPL was 5.7% on December 28.
The market caps of Sony’s competitors are as follows:
- Canon Inc.-ADR (CAJ) — $37.6 billion
- Harman International Industries (HAR) — $7.7 billion
- Dolby Laboratories (DLB) — $4.6 billion
Latest news on Sony
On December 26, 2016, Reuters reported, “Sony Music Entertainment’s Twitter account was hacked on Monday, publishing fake statements that pop music icon Britney Spears had died. Sony Music, a unit of Sony Corp., said in a short statement that its social media account was ‘compromised’ but that the situation ‘has been rectified’. The company said it ‘apologizes to Britney Spears and her fans for any confusion.'”
The report added, “The Twitter account of folk music icon Bob Dylan may also have been subjected to a hoax, Billboard reported, when it sent out a now-deleted tweet reading ‘Rest in peace @britneyspears.’ The Sony spokeswoman confirmed that Bob Dylan is also a Sony artist and that the company’s statement ‘holds true for what’s happened.’”
Performance of Sony in fiscal 2Q16
Sony reported fiscal 2Q16 sales and operating revenue of ~1.7 trillion yen, a fall of 10.8% compared to sales and operating revenue of ~1.9 trillion yen in fiscal 2Q15. Sales and operating revenue from its Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Semiconductors, and Components segments fell 39.6%, 11.3%, 25.2%, 18.7%, 5.0%, and 23.7%, respectively.
Plus, sales and operating revenues from its Pictures, Music, and Financial Services segments rose 4.6%, 8.0%, and 23.6%, respectively, in fiscal 2Q16 compared to fiscal 2Q15.
Sony’s (SNE) net income and EPS (earnings per share) fell to 4.8 billion yen and 3.76 yen, respectively, in fiscal 2Q16 compared to 33.6 billion yen and 26.10 yen, respectively, in fiscal 2Q15.
SNE’s cash and cash equivalents fell 46.6%, and its inventories rose 26.2% between fiscal 2Q16 and fiscal 4Q15.
Sony made the following projection for fiscal 2016:
- sales and operating revenues of 7.4 trillion yen
- operating income of 270.0 billion yen
- income before income taxes of 250.0 billion yen
- net income of 60.0 billion yen
In the final part of this series, we’ll discuss GoPro (GPRO).