Equities research analysts expect that Sprint Corp (NYSE:S) will report $8.09 billion in sales for the current quarter, according to Zacks. Fifteen analysts have provided estimates for Sprint’s earnings. The lowest sales estimate is $7.82 billion and the highest is $8.54 billion. Sprint reported sales of $8.54 billion in the same quarter last year, which would suggest a negative year over year growth rate of 5.3%. The business is scheduled to issue its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Sprint will report full-year sales of $8.09 billion for the current fiscal year, with estimates ranging from $31.82 billion to $33.00 billion. For the next financial year, analysts anticipate that the firm will report sales of $32.55 billion per share, with estimates ranging from $31.45 billion to $33.45 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Sprint.
Sprint (NYSE:S) last released its quarterly earnings results on Friday, February 2nd. The cell phone carrier reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. Sprint had a negative return on equity of 0.94% and a net margin of 21.41%. The business had revenue of $8.24 billion during the quarter, compared to analysts’ expectations of $8.19 billion. During the same period in the previous year, the business posted ($0.46) earnings per share. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year.
Several analysts have weighed in on S shares. UBS Group reissued a “buy” rating and set a $7.50 price objective (down from $9.00) on shares of Sprint in a report on Monday, November 6th. Vetr cut Sprint from a “strong-buy” rating to a “buy” rating and set a $7.10 price objective for the company. in a report on Thursday, November 2nd. TheStreet raised Sprint from a “d+” rating to a “c” rating in a report on Friday, February 2nd. Deutsche Bank dropped their price objective on Sprint to $5.50 and set a “hold” rating for the company in a report on Monday, December 11th. Finally, Macquarie reissued a “hold” rating and set a $8.00 price objective on shares of Sprint in a report on Thursday, October 26th. Nine investment 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’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.11.
In other news, insider Dow Draper sold 292,707 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $5.71, for a total value of $1,671,356.97. Following the completion of the sale, the insider now directly owns 1,165,158 shares of the company’s stock, valued at approximately $6,653,052.18. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Group Corp Softbank purchased 6,149,090 shares of the stock in a transaction dated Tuesday, January 16th. The stock was bought at an average cost of $5.68 per share, with a total value of $34,926,831.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 55,763,951 shares of company stock valued at $321,193,612 and sold 549,707 shares valued at $3,196,239. Corporate insiders own 0.18% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of S. BlackRock Inc. grew its position in shares of Sprint by 19.8% in the 4th quarter. BlackRock Inc. now owns 43,490,226 shares of the cell phone carrier’s stock valued at $256,158,000 after purchasing an additional 7,188,919 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Sprint in the 4th quarter valued at approximately $26,207,000. Two Sigma Investments LP acquired a new position in shares of Sprint in the 4th quarter valued at approximately $16,599,000. Element Capital Management LLC acquired a new position in shares of Sprint in the 4th quarter valued at approximately $14,449,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of Sprint in the 4th quarter valued at approximately $9,311,000. Institutional investors and hedge funds own 13.77% of the company’s stock.
Sprint (NYSE S) traded up $0.18 during trading on Monday, hitting $5.49. The company had a trading volume of 10,390,245 shares, compared to its average volume of 18,650,662. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.92 and a quick ratio of 0.83. Sprint has a fifty-two week low of $4.91 and a fifty-two week high of $9.44. The company has a market capitalization of $21,640.00, a PE ratio of 3.16 and a beta of 0.64.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint and related companies with MarketBeat.com's FREE daily email newsletter.