Brokers Offer Predictions for Sonova Holding’s FY2018 Earnings (SONVY)

Sonova Holding (OTCMKTS:SONVY) – Jefferies Group decreased their FY2018 earnings per share (EPS) estimates for Sonova Holding in a report released on Tuesday. Jefferies Group analyst C. Cooper now anticipates that the company will earn $1.36 per share for the year, down from their previous forecast of $1.43. Jefferies Group also issued estimates for Sonova Holding’s FY2019 earnings at $1.50 EPS, FY2020 earnings at $1.60 EPS and FY2021 earnings at $1.66 EPS.

Separately, Zacks Investment Research upgraded Sonova Holding from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Saturday, September 16th.

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Sonova Holding (OTCMKTS:SONVY) opened at $33.09 on Friday. Sonova Holding has a 52 week low of $22.70 and a 52 week high of $36.19. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.87 and a quick ratio of 1.45.

Sonova Holding Company Profile

Sonova Holding AG designs, develops, manufactures, and distributes hearing systems for adults and children with hearing impairment. It offers hearing instruments, cochlear implants, wireless communication products, and rechargeable hearing aids, as well as professional audiological services. The company provides hearing instruments under the Phonak, Unitron, and Hansaton brand names; cochlear implants under the Advanced Bionics brand name; and professional audiological services under the Connect Hearing brand name.

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