Brokerages forecast that Sprint Corp (NYSE:S) will announce earnings per share (EPS) of ($0.03) for the current quarter, Zacks Investment Research reports. Fourteen analysts have issued estimates for Sprint’s earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at $0.02. Sprint posted earnings of $0.04 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 175%. The business is scheduled to announce its next quarterly earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Sprint will report full year earnings of ($0.14) per share for the current year, with EPS estimates ranging from ($0.52) to $0.02. For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.17) per share, with EPS estimates ranging from ($0.82) to $0.12. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Sprint.
Sprint (NYSE:S) last issued its quarterly earnings data on Tuesday, May 7th. The cell phone carrier reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). The business had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.19 billion. Sprint had a positive return on equity of 0.21% and a negative net margin of 5.78%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 EPS.
Several analysts recently commented on S shares. ValuEngine downgraded Wolverine World Wide from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. Raymond James started coverage on PennantPark Investment in a research note on Monday, April 29th. They set an “outperform” rating and a $8.00 price objective on the stock. New Street Research started coverage on Uber Technologies in a research note on Thursday, May 23rd. They set a “buy” rating and a $50.00 price objective on the stock. Finally, Macquarie reaffirmed a “hold” rating and set a $5.50 price objective on shares of Sprint in a research note on Sunday, May 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $5.64.
Sprint stock traded down $0.06 during mid-day trading on Friday, hitting $7.16. 5,710,916 shares of the company’s stock were exchanged, compared to its average volume of 18,193,414. The firm has a market capitalization of $29.09 billion, a price-to-earnings ratio of 715.50 and a beta of 0.13. Sprint has a fifty-two week low of $5.35 and a fifty-two week high of $7.90. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 1.35. The company has a 50 day moving average price of $6.93.
In other Sprint news, insider John Saw sold 7,419 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $7.05, for a total transaction of $52,303.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 92,729 shares of company stock valued at $583,389. Corporate insiders own 0.39% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Joseph P. Lucia & Associates LLC bought a new position in shares of Sprint in the 1st quarter valued at about $405,000. Atwood & Palmer Inc. grew its holdings in shares of Sprint by 64.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 4,260 shares of the cell phone carrier’s stock valued at $28,000 after acquiring an additional 1,674 shares in the last quarter. Private Capital Group LLC grew its holdings in shares of Sprint by 35.2% in the 1st quarter. Private Capital Group LLC now owns 8,115 shares of the cell phone carrier’s stock valued at $46,000 after acquiring an additional 2,113 shares in the last quarter. Harwood Advisory Group LLC bought a new position in shares of Sprint in the 1st quarter valued at about $62,000. Finally, NuWave Investment Management LLC grew its holdings in shares of Sprint by 1,200.7% in the 1st quarter. NuWave Investment Management LLC now owns 10,991 shares of the cell phone carrier’s stock valued at $62,000 after acquiring an additional 10,146 shares in the last quarter. Hedge funds and other institutional investors own 12.96% of the company’s stock.
Sprint Company Profile
Sprint Corporation, together with its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. It operates in two segments, Wireless and Wireline.
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