Q2 2018 EPS Estimates for Sprint Corporation Reduced by Analyst (S)
Sprint Corporation (NYSE:S) – Equities researchers at Oppenheimer Holdings reduced their Q2 2018 earnings per share estimates for Sprint Corporation in a note issued to investors on Wednesday. Oppenheimer Holdings analyst T. Horan now expects that the cell phone carrier will earn ($0.03) per share for the quarter, down from their previous forecast of ($0.02). Oppenheimer Holdings also issued estimates for Sprint Corporation’s Q3 2018 earnings at ($0.03) EPS and FY2018 earnings at ($0.01) EPS.
Sprint Corporation (NYSE:S) last issued its quarterly earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.14 billion. Sprint Corporation had a negative return on equity of 3.66% and a negative net margin of 2.08%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company earned ($0.08) earnings per share.
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A number of other equities analysts have also commented on S. Vetr lowered Sprint Corporation from a “strong-buy” rating to a “buy” rating and set a $9.26 price objective on the stock. in a research note on Monday, April 10th. SunTrust Banks, Inc. started coverage on Sprint Corporation in a research note on Tuesday, April 18th. They issued a “hold” rating and a $9.00 price objective on the stock. Macquarie boosted their price objective on Sprint Corporation from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, May 4th. Cowen and Company reduced their price objective on Sprint Corporation from $7.50 to $6.50 and set a “market perform” rating on the stock in a research note on Thursday, May 4th. Finally, TheStreet raised Sprint Corporation from a “d+” rating to a “c+” rating in a research note on Wednesday, May 3rd. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $9.78.
Sprint Corporation (NYSE:S) opened at 8.70 on Monday. The firm’s market capitalization is $34.74 billion. Sprint Corporation has a one year low of $5.83 and a one year high of $9.65. The stock’s 50 day moving average price is $8.25 and its 200-day moving average price is $8.49.
A number of hedge funds and other institutional investors have recently bought and sold shares of S. Ronald Blue & Co. LLC boosted its position in Sprint Corporation by 1.1% in the first quarter. Ronald Blue & Co. LLC now owns 21,322 shares of the cell phone carrier’s stock worth $185,000 after buying an additional 222 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Sprint Corporation by 2.2% in the second quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier’s stock worth $122,000 after buying an additional 318 shares during the last quarter. Pacer Advisors Inc. boosted its position in Sprint Corporation by 1.9% in the first quarter. Pacer Advisors Inc. now owns 25,756 shares of the cell phone carrier’s stock worth $223,000 after buying an additional 483 shares during the last quarter. World Asset Management Inc boosted its position in Sprint Corporation by 2.9% in the first quarter. World Asset Management Inc now owns 24,645 shares of the cell phone carrier’s stock worth $214,000 after buying an additional 693 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in Sprint Corporation by 5.8% in the first quarter. Mackenzie Financial Corp now owns 15,701 shares of the cell phone carrier’s stock worth $136,000 after buying an additional 854 shares during the last quarter. 14.35% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Paul W. Schieber, Jr. sold 24,465 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $8.22, for a total value of $201,102.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.18% of the company’s stock.
Sprint Corporation 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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