Equities analysts predict that Sequans Communications S.A. (NYSE:SQNS) will report earnings of ($0.05) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Sequans Communications’ earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at ($0.04). Sequans Communications reported earnings per share of ($0.08) during the same quarter last year, which suggests a positive year over year growth rate of 37.5%. The firm is expected to announce its next earnings results on Thursday, October 26th.

On average, analysts expect that Sequans Communications will report full-year earnings of ($0.20) per share for the current fiscal year, with EPS estimates ranging from ($0.23) to ($0.17). For the next year, analysts anticipate that the firm will report earnings of ($0.06) per share, with EPS estimates ranging from ($0.16) to $0.04. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Sequans Communications.

Sequans Communications (NYSE:SQNS) last announced its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $13.22 million for the quarter, compared to analyst estimates of $14.48 million. Sequans Communications had a negative return on equity of 212.46% and a negative net margin of 42.44%. Sequans Communications’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.10) EPS.

A number of analysts recently commented on SQNS shares. B. Riley restated a “buy” rating and set a $5.50 price objective on shares of Sequans Communications in a research note on Friday, August 25th. Canaccord Genuity lifted their price objective on shares of Sequans Communications from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Benchmark Co. lifted their price objective on shares of Sequans Communications from $4.00 to $5.70 and gave the company a “buy” rating in a research note on Monday, May 22nd. BidaskClub upgraded shares of Sequans Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research cut shares of Sequans Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $4.87.

Institutional investors have recently added to or reduced their stakes in the company. FNY Managed Accounts LLC purchased a new stake in shares of Sequans Communications during the second quarter worth $134,000. Tudor Investment Corp ET AL purchased a new stake in shares of Sequans Communications during the second quarter worth $162,000. Granite Point Capital Management L.P. purchased a new stake in shares of Sequans Communications during the first quarter worth $138,000. Verition Fund Management LLC purchased a new stake in shares of Sequans Communications during the second quarter worth $220,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Sequans Communications during the first quarter worth $191,000. 31.86% of the stock is owned by institutional investors and hedge funds.

Shares of Sequans Communications (NYSE:SQNS) opened at 3.14 on Monday. The company has a 50 day moving average price of $3.07 and a 200 day moving average price of $3.33. Sequans Communications has a 52 week low of $1.60 and a 52 week high of $4.75. The company’s market capitalization is $250.45 million.

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About Sequans Communications

Sequans Communications SA is a fabless designer, developer and supplier of fourth Generation long term evolution (4G LTE) semiconductor solutions for wireless broadband applications, with a specific focus on the single-mode device market. Its semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques, algorithms and software stacks.

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