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.
COPYRIGHT VIOLATION NOTICE: This story was first posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.thelincolnianonline.com/2017/12/08/sprint-corporation-expected-to-earn-q3-2018-earnings-of-0-01-per-share-s-updated-updated-updated.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sprint Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint Corp and related companies with MarketBeat.com's FREE daily email newsletter.