Sprint Corporation (NYSE:S) – Gabelli lifted their FY2021 earnings per share (EPS) estimates for Sprint Corporation in a research note issued to investors on Thursday. Gabelli analyst S. Dluzhevskiy now forecasts that the cell phone carrier will post earnings of $0.45 per share for the year, up from their previous estimate of $0.40. Gabelli also issued estimates for Sprint Corporation’s FY2022 earnings at $0.55 EPS.

Sprint Corporation (NYSE:S) last issued its quarterly earnings data on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $7.93 billion for the quarter, compared to analysts’ expectations of $8.05 billion. Sprint Corporation had a negative return on equity of 3.19% and a negative net margin of 1.82%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) EPS. WARNING: “FY2021 EPS Estimates for Sprint Corporation Increased by Gabelli (S)” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/30/fy2021-eps-estimates-for-sprint-corporation-increased-by-gabelli-s.html.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Sprint Corporation from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research report on Tuesday, October 10th. Cowen and Company reissued a “hold” rating and issued a $6.50 price target on shares of Sprint Corporation in a research report on Wednesday, July 19th. Macquarie reissued a “hold” rating and issued a $8.00 price target on shares of Sprint Corporation in a research report on Thursday. Deutsche Bank AG reduced their price target on shares of Sprint Corporation from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Tuesday, October 10th. Finally, BTIG Research boosted their price target on shares of Sprint Corporation from $3.85 to $4.00 and gave the company a “sell” rating in a research report on Wednesday, October 18th. Seven analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has given a buy rating to the stock. Sprint Corporation currently has a consensus rating of “Hold” and an average price target of $10.26.

Shares of Sprint Corporation (S) traded down 0.29% during trading on Monday, hitting $6.97. The stock had a trading volume of 1,789,015 shares. Sprint Corporation has a 12 month low of $5.83 and a 12 month high of $9.65. The stock has a 50 day moving average of $7.51 and a 200 day moving average of $8.10. The company’s market cap is $27.86 billion.

Hedge funds have recently modified their holdings of the company. Wetherby Asset Management Inc. acquired a new stake in Sprint Corporation during the 2nd quarter valued at $100,000. Financial Counselors Inc. grew its holdings in Sprint Corporation by 1.7% during the 2nd quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock valued at $100,000 after purchasing an additional 201 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Sprint Corporation during the 2nd quarter valued at $108,000. Advisors Asset Management Inc. grew its holdings in Sprint Corporation by 2.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier’s stock valued at $122,000 after purchasing an additional 318 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in Sprint Corporation by 17.0% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 15,188 shares of the cell phone carrier’s stock valued at $125,000 after purchasing an additional 2,210 shares in the last quarter. 13.90% of the stock is currently owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Sprint Corporation (NYSE:S)

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