William Blair Comments on Sprint Corp’s Q3 2018 Earnings (NYSE:S)

Sprint Corp (NYSE:S) – Stock analysts at William Blair issued their Q3 2018 EPS estimates for Sprint in a research note issued on Monday, Zacks Investment Research reports. William Blair analyst J. Breen anticipates that the cell phone carrier will post earnings per share of $0.01 for the quarter. William Blair also issued estimates for Sprint’s FY2019 earnings at $0.07 EPS.

A number of other equities analysts have also recently commented on S. Barclays restated a “neutral” rating and set a $8.00 target price on shares of Sprint in a report on Wednesday, August 9th. BidaskClub cut Sprint from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Oppenheimer restated a “hold” rating on shares of Sprint in a report on Wednesday, September 20th. Zacks Investment Research upgraded Sprint from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a report on Tuesday, October 3rd. Finally, Deutsche Bank lowered their target price on Sprint from $8.00 to $7.00 and set a “hold” rating for the company in a report on Tuesday, October 10th. Eight research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.19.

Sprint (NYSE:S) traded down $0.23 during midday trading on Wednesday, hitting $5.46. The stock had a trading volume of 23,567,641 shares, compared to its average volume of 15,148,726. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.10 and a quick ratio of 1.03. Sprint has a fifty-two week low of $5.43 and a fifty-two week high of $9.65.

Sprint (NYSE:S) last released its quarterly earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $7.93 billion during the quarter, compared to analysts’ expectations of $8.05 billion. Sprint had a negative return on equity of 3.19% and a negative net margin of 1.82%. The company’s revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) EPS.

Hedge funds have recently made changes to their positions in the business. Financial Counselors Inc. boosted its stake in shares of Sprint by 1.7% in the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock valued at $100,000 after buying an additional 201 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Sprint by 2.2% in the second quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier’s stock valued at $122,000 after buying an additional 318 shares in the last quarter. Ronald Blue & Co. LLC boosted its stake in shares of Sprint by 1.5% in the second quarter. Ronald Blue & Co. LLC now owns 21,648 shares of the cell phone carrier’s stock valued at $178,000 after buying an additional 326 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Sprint by 1.9% in the second quarter. Pacer Advisors Inc. now owns 26,256 shares of the cell phone carrier’s stock valued at $216,000 after buying an additional 500 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in shares of Sprint by 1.2% in the second quarter. Advisory Services Network LLC now owns 69,627 shares of the cell phone carrier’s stock valued at $572,000 after buying an additional 802 shares in the last quarter. Institutional investors own 13.74% of the company’s stock.

In related news, major shareholder Group Corp Softbank bought 6,484,367 shares of the stock in a transaction on Tuesday, November 7th. The shares were bought at an average cost of $5.92 per share, for a total transaction of $38,387,452.64. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dow Draper sold 292,707 shares of Sprint stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $5.71, for a total value of $1,671,356.97. Following the completion of the transaction, the insider now owns 1,165,158 shares in the company, valued at $6,653,052.18. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 18,651,252 shares of company stock worth $112,608,289 and have sold 769,195 shares worth $4,550,618. Insiders own 0.18% of the company’s stock.

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Sprint Company Profile

Sprint Corporation (Sprint) is a holding company. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It operates through two segments: Wireless and Wireline.

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Earnings History and Estimates for Sprint (NYSE:S)

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