Sprint Corporation (NYSE:S) to Release Quarterly Earnings on Monday
Sprint Corporation (NYSE:S) is set to announce its earnings results before the market opens on Monday, July 24th.
Sprint Corporation (NYSE:S) last announced its earnings results on Wednesday, May 3rd. The cell phone carrier reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.03. Sprint Corporation had a negative net margin of 3.62% and a negative return on equity of 5.90%. The business had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $7.94 billion. During the same period in the prior year, the company posted ($0.14) earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts expect Sprint Corporation to post $-0.05 EPS for the current fiscal year and $0.05 EPS for the next fiscal year.
Shares of Sprint Corporation (NYSE S) opened at 8.55 on Monday. The stock’s market capitalization is $34.12 billion. Sprint Corporation has a one year low of $4.42 and a one year high of $9.65. The firm’s 50-day moving average is $8.20 and its 200-day moving average is $8.52.
Several analysts have commented on S shares. ValuEngine upgraded shares of Sprint Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. J P Morgan Chase & Co restated a “neutral” rating on shares of Sprint Corporation in a research note on Wednesday, June 28th. Vetr cut shares of Sprint Corporation from a “strong-buy” rating to a “buy” rating and set a $9.26 price objective for the company. in a research note on Monday, April 10th. SunTrust Banks, Inc. started coverage on shares of Sprint Corporation in a research note on Tuesday, April 18th. They set a “hold” rating and a $9.00 price objective for the company. Finally, HSBC Holdings plc restated a “reduce” rating and set a $7.20 price objective on shares of Sprint Corporation in a research note on Friday, June 16th. Seven equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $9.31.
In related news, VP Paul W. Schieber, Jr. sold 24,465 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $8.22, for a total value of $201,102.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.
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About Sprint Corporation
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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