Sonos (NASDAQ:SONO – Get Free Report) will issue its quarterly earnings data 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 wish to register for the company’s earnings conference call can do so using this link.
Sonos (NASDAQ:SONO – Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.22. The firm had revenue of $612.87 million for the quarter, compared to analyst estimates of $588.96 million. Sonos had a positive return on equity of 5.65% and a negative net margin of 0.28%. 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 $17.31 on Tuesday. The business has a 50 day moving average of $18.36 and a 200 day moving average of $16.15. Sonos has a 52 week low of $9.78 and a 52 week high of $21.98.
Wall Street Analyst Weigh In
Check Out Our Latest Report on SONO
Insider Buying and Selling at Sonos
In other Sonos news, insider Christopher Scott Mason sold 20,000 shares of Sonos stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $17.62, for a total transaction of $352,400.00. Following the completion of the transaction, the insider now owns 119,179 shares in the company, valued at $2,099,933.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Sonos news, insider Christopher Scott Mason sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $17.62, for a total transaction of $352,400.00. Following the completion of the sale, the insider now directly owns 119,179 shares in the company, valued at approximately $2,099,933.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas Conrad sold 5,337 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was 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 owns 37,334 shares in the company, valued at approximately $683,585.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,147 shares of company stock valued at $484,972. Corporate 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.
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