S has been the subject of several other research reports. Cowen reiterated a “hold” rating and issued a $4.50 price objective on shares of Sprint in a research note on Monday, February 4th. William Blair reiterated an “underperform” rating on shares of Sprint in a research note on Monday, February 11th. Macquarie reiterated a “hold” rating and issued a $5.50 price objective on shares of Sprint in a research note on Sunday, May 12th. Finally, Raymond James cut shares of Sprint from an “outperform” rating to a “market perform” rating and set a $5.57 price objective for the company. in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $5.71.
Shares of NYSE:S opened at $7.22 on Monday. The stock has a market capitalization of $29.02 billion, a PE ratio of 722.00 and a beta of 0.47. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. Sprint has a fifty-two week low of $5.09 and a fifty-two week high of $7.90.
Sprint (NYSE:S) last issued its earnings results on Tuesday, May 7th. The cell phone carrier reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). The firm had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.19 billion. Sprint had a negative net margin of 5.78% and a positive return on equity of 0.21%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS. On average, equities analysts predict that Sprint will post -0.07 earnings per share for the current fiscal year.
In related news, CTO John Saw sold 62,444 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $5.96, for a total value of $372,166.24. Following the completion of the sale, the chief technology officer now owns 1,090,096 shares in the company, valued at $6,496,972.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. MML Investors Services LLC raised its position in Sprint by 15.7% during the fourth quarter. MML Investors Services LLC now owns 13,834 shares of the cell phone carrier’s stock worth $81,000 after acquiring an additional 1,881 shares during the last quarter. Wetherby Asset Management Inc. raised its position in Sprint by 5.6% during the first quarter. Wetherby Asset Management Inc. now owns 37,708 shares of the cell phone carrier’s stock worth $213,000 after acquiring an additional 1,993 shares during the last quarter. Private Capital Group LLC raised its position in Sprint by 51.7% during the fourth quarter. Private Capital Group LLC now owns 6,002 shares of the cell phone carrier’s stock worth $35,000 after acquiring an additional 2,045 shares during the last quarter. IFM Investors Pty Ltd raised its position in Sprint by 4.7% during the fourth quarter. IFM Investors Pty Ltd now owns 50,928 shares of the cell phone carrier’s stock worth $296,000 after acquiring an additional 2,281 shares during the last quarter. Finally, Joseph P. Lucia & Associates LLC acquired a new position in Sprint during the first quarter worth about $405,000. Institutional investors own 13.47% of the company’s stock.
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.
Read More: How a Back-End Load Mutual Fund Works
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.