Sprint Corp (S) VP Sells $826,795.34 in Stock
Sprint Corp (NYSE:S) VP Paul W. Schieber, Jr. sold 144,041 shares of Sprint stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $5.74, for a total transaction of $826,795.34. Following the completion of the transaction, the vice president now owns 204,168 shares in the company, valued at $1,171,924.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Sprint Corp (NYSE:S) traded up $0.01 during trading on Thursday, hitting $5.69. 19,069,100 shares of the company traded hands, compared to its average volume of 15,214,931. Sprint Corp has a 1-year low of $5.42 and a 1-year high of $9.65. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.03 and a current ratio of 1.10.
Sprint (NYSE:S) last released its quarterly earnings data on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. Sprint had a negative net margin of 1.82% and a negative return on equity of 3.19%. The business had revenue of $7.93 billion for the quarter, compared to analyst estimates of $8.05 billion. During the same period in the previous year, the firm earned ($0.04) EPS. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. analysts forecast that Sprint Corp will post -0.03 EPS for the current fiscal year.
Several brokerages have commented on S. KeyCorp restated a “hold” rating on shares of Sprint in a research report on Wednesday, October 11th. Zacks Investment Research lowered shares of Sprint from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Macquarie restated a “hold” rating and set a $8.00 target price on shares of Sprint in a research report on Thursday, October 26th. Deutsche Bank decreased their target price on shares of Sprint from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Tuesday, October 10th. Finally, Nomura restated a “neutral” rating and set a $7.00 target price (down from $8.00) on shares of Sprint in a research report on Thursday, October 26th. Eight analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $7.10.
ILLEGAL ACTIVITY NOTICE: This report was first posted by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/12/14/sprint-corp-s-vp-sells-826795-34-in-stock.html.
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.
Receive News & Ratings for Sprint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint and related companies with MarketBeat.com's FREE daily email newsletter.