Brokerages Anticipate Sprint Corp (NYSE:S) Will Announce Earnings of -$0.01 Per Share

Equities analysts predict that Sprint Corp (NYSE:S) will report earnings of ($0.01) per share for the current quarter, according to Zacks. Twelve analysts have issued estimates for Sprint’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at ($0.07). Sprint reported earnings per share of $0.05 during the same quarter last year, which would suggest a negative year-over-year growth rate of 120%. The company is scheduled to report its next earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that Sprint will report full year earnings of ($0.07) per share for the current financial year, with EPS estimates ranging from ($0.32) to $0.12. For the next year, analysts expect that the company will post earnings of ($0.10) per share, with EPS estimates ranging from ($0.58) to $0.17. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Sprint.

Sprint (NYSE:S) last released its quarterly earnings data on Friday, August 2nd. The cell phone carrier reported ($0.03) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.03). The business had revenue of $8.14 billion during the quarter, compared to analyst estimates of $8.02 billion. Sprint had a negative return on equity of 0.84% and a negative net margin of 6.63%. During the same quarter in the previous year, the firm posted $0.04 EPS.

Several analysts have weighed in on the company. ValuEngine downgraded Sprint from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. UBS Group raised Sprint from a “neutral” rating to a “buy” rating and lifted their target price for the company from $6.50 to $10.00 in a research note on Monday, July 29th. Finally, Barclays reaffirmed a “hold” rating and set a $6.00 target price on shares of Sprint in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.43.

In other news, CTO John Saw sold 189,531 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $6.83, for a total value of $1,294,496.73. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jorge Enrique Gracia sold 194,480 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $6.58, for a total value of $1,279,678.40. The disclosure for this sale can be found here. Insiders have sold a total of 386,085 shares of company stock worth $2,588,693 in the last ninety days. 0.39% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of S. Atwood & Palmer Inc. raised its stake 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 worth $28,000 after buying an additional 1,674 shares in the last quarter. Rational Advisors LLC grew its holdings in shares of Sprint by 7,285.3% in the 2nd quarter. Rational Advisors LLC now owns 5,022 shares of the cell phone carrier’s stock worth $33,000 after acquiring an additional 4,954 shares during the last quarter. CSat Investment Advisory L.P. acquired a new position in shares of Sprint in the 2nd quarter worth $34,000. NuWave Investment Management LLC grew its holdings in shares of Sprint by 85.8% in the 3rd quarter. NuWave Investment Management LLC now owns 9,329 shares of the cell phone carrier’s stock worth $58,000 after acquiring an additional 4,307 shares during the last quarter. Finally, Strategic Advisors LLC acquired a new position in shares of Sprint in the 2nd quarter worth $65,000. 14.14% of the stock is currently owned by institutional investors.

Sprint stock traded down $0.02 during mid-day trading on Friday, hitting $6.47. 4,788,087 shares of the company’s stock traded hands, compared to its average volume of 14,356,925. The firm has a 50 day moving average price of $6.52 and a 200 day moving average price of $6.56. The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 1.57. The company has a market cap of $26.28 billion, a PE ratio of 646.50 and a beta of 0.26. Sprint has a one year low of $5.44 and a one year high of $8.06.

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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Earnings History and Estimates for Sprint (NYSE:S)

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