Equities analysts expect Sprint Corporation (NYSE:S) to post earnings of ($0.04) per share for the current fiscal quarter, according to Zacks Investment Research. Fifteen analysts have made estimates for Sprint’s earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at $0.01. Sprint posted earnings of ($0.12) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 66.7%. The firm is expected to issue its next earnings report on Tuesday, January 30th.

According to Zacks, analysts expect that Sprint will report full year earnings of ($0.03) per share for the current financial year, with EPS estimates ranging from ($0.13) to $0.10. For the next year, analysts expect that the company will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.38) to $0.20. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Sprint.

Sprint (NYSE:S) last announced its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. Sprint had a negative return on equity of 3.19% and a negative net margin of 1.82%. The firm had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $8.05 billion. During the same period in the previous year, the business earned ($0.04) EPS. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis.

Several equities research analysts have commented on S shares. Cowen reiterated a “market perform” rating and set a $6.50 price objective on shares of Sprint in a research note on Tuesday, August 8th. Barclays reiterated a “neutral” rating and issued a $8.00 price objective on shares of Sprint in a report on Wednesday, August 9th. BidaskClub cut Sprint from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Oppenheimer reiterated a “hold” rating on shares of Sprint in a research note on Wednesday, September 20th. Finally, Zacks Investment Research upgraded Sprint from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research note on Tuesday, October 3rd. Eight analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.19.

In related news, major shareholder Group Corp Softbank purchased 4,322,990 shares of Sprint stock in a transaction on Thursday, November 9th. The stock was purchased at an average cost of $6.21 per share, with a total value of $26,845,767.90. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Tarek Robbiati sold 363,529 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $6.00, for a total transaction of $2,181,174.00. Following the completion of the sale, the chief financial officer now directly owns 1,901,974 shares of the company’s stock, valued at $11,411,844. The disclosure for this sale can be found here. In the last quarter, insiders acquired 17,606,212 shares of company stock worth $106,348,500. Company insiders own 0.18% of the company’s stock.

Several large investors have recently modified their holdings of S. Janus Henderson Group PLC grew its position in shares of Sprint by 6,509.8% during the 2nd quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock worth $58,944,000 after buying an additional 7,070,812 shares during the period. Odey Asset Management Group Ltd grew its position in shares of Sprint by 107.3% during the 2nd quarter. Odey Asset Management Group Ltd now owns 8,124,955 shares of the cell phone carrier’s stock worth $66,706,000 after buying an additional 4,204,955 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Sprint by 1,182.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,235,281 shares of the cell phone carrier’s stock worth $9,609,000 after buying an additional 1,138,942 shares during the period. Naya Capital Management UK Ltd. grew its position in shares of Sprint by 67.1% during the 2nd quarter. Naya Capital Management UK Ltd. now owns 2,423,100 shares of the cell phone carrier’s stock worth $19,894,000 after buying an additional 973,100 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Sprint by 753.3% during the 2nd quarter. SG Americas Securities LLC now owns 845,293 shares of the cell phone carrier’s stock worth $6,940,000 after buying an additional 746,231 shares during the period. Institutional investors own 13.74% of the company’s stock.

Shares of Sprint (NYSE:S) opened at $5.97 on Monday. Sprint has a 52-week low of $5.62 and a 52-week high of $9.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.10 and a quick ratio of 1.03.

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

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