Sequans Communications SA (SQNS) Expected to Announce Earnings of -$0.07 Per Share

Wall Street brokerages expect Sequans Communications SA (NYSE:SQNS) to announce earnings per share (EPS) of ($0.07) for the current quarter, Zacks reports. Three analysts have issued estimates for Sequans Communications’ earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at ($0.06). Sequans Communications also reported earnings of ($0.07) per share during the same quarter last year. The firm is scheduled to report its next earnings report before the market opens on Tuesday, February 19th.

According to Zacks, analysts expect that Sequans Communications will report full year earnings of ($0.31) per share for the current year, with EPS estimates ranging from ($0.33) to ($0.30). For the next financial year, analysts forecast that the company will report earnings of ($0.19) per share, with EPS estimates ranging from ($0.21) to ($0.15). Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Sequans Communications.

SQNS has been the topic of several recent analyst reports. B. Riley dropped their target price on shares of Sequans Communications from $2.25 to $1.65 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Zacks Investment Research downgraded shares of Sequans Communications from a “hold” rating to a “sell” rating in a research note on Friday, November 23rd. Finally, Canaccord Genuity decreased their price target on shares of Sequans Communications from $3.00 to $2.50 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $2.22.

A number of institutional investors have recently added to or reduced their stakes in the stock. Divisar Capital Management LLC boosted its holdings in Sequans Communications by 15.9% during the third quarter. Divisar Capital Management LLC now owns 5,516,616 shares of the semiconductor company’s stock worth $7,834,000 after purchasing an additional 757,262 shares during the last quarter. AWM Investment Company Inc. boosted its holdings in Sequans Communications by 2.2% during the third quarter. AWM Investment Company Inc. now owns 9,264,157 shares of the semiconductor company’s stock worth $13,155,000 after purchasing an additional 198,100 shares during the last quarter. FMR LLC purchased a new position in Sequans Communications during the third quarter worth about $558,000. Finally, FNY Investment Advisers LLC boosted its holdings in Sequans Communications by 62.1% during the third quarter. FNY Investment Advisers LLC now owns 130,465 shares of the semiconductor company’s stock worth $185,000 after purchasing an additional 50,000 shares during the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

Shares of NYSE:SQNS traded up $0.01 during mid-day trading on Tuesday, reaching $0.92. 136,708 shares of the company’s stock were exchanged, compared to its average volume of 110,325. The firm has a market cap of $73.67 million, a PE ratio of -2.97 and a beta of 3.05. The company has a debt-to-equity ratio of 4.36, a quick ratio of 1.10 and a current ratio of 1.34. Sequans Communications has a twelve month low of $0.75 and a twelve month high of $2.24.

Sequans Communications Company Profile

Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband and Internet of Things applications. Its solutions incorporate baseband processor and radio frequency (RF) transceiver integrated circuits along with proprietary signal processing techniques, algorithms, and software stacks.

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