Analysts Expect Sprint Corp (S) Will Announce Earnings of -$0.04 Per Share

Brokerages predict that Sprint Corp (NYSE:S) will announce ($0.04) earnings per share for the current quarter, Zacks Investment Research reports. Fifteen analysts have issued estimates for Sprint’s earnings. The highest EPS estimate is $0.02 and the lowest is ($0.09). Sprint reported 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 scheduled to report its next earnings results on Tuesday, January 30th.

According to Zacks, analysts expect that Sprint will report full-year earnings of ($0.02) per share for the current fiscal year, with EPS estimates ranging from ($0.13) to $0.10. For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.03) per share, with EPS estimates ranging from ($0.38) to $0.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Sprint.

Sprint (NYSE:S) last announced its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, beating the 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 company had revenue of $7.93 billion for the quarter, compared to analyst estimates of $8.05 billion. During the same quarter in the prior year, the company earned ($0.04) EPS. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year.

Several equities research analysts recently commented on S shares. Zacks Investment Research upgraded Sprint from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a research report on Tuesday, October 10th. UBS restated a “buy” rating and set a $7.50 target price (down previously from $9.00) on shares of Sprint in a research report on Monday, November 6th. Macquarie restated a “hold” rating and set a $8.00 target price on shares of Sprint in a research report on Thursday, October 26th. KeyCorp lowered Sprint from a “sector weight” rating to an “underweight” rating and set a $5.50 target price on the stock. in a research report on Monday, November 6th. Finally, Nomura restated a “neutral” rating and set a $7.00 target price (down previously from $8.00) on shares of Sprint in a research report on Thursday, October 26th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $7.10.

Shares of Sprint (S) traded up $0.04 during trading on Thursday, hitting $5.62. The company had a trading volume of 12,419,116 shares, compared to its average volume of 15,373,469. Sprint has a 52 week low of $5.42 and a 52 week 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.

In related news, major shareholder Group Corp Softbank acquired 6,484,367 shares of the stock in a transaction dated Tuesday, November 7th. The stock was purchased at an average cost of $5.92 per share, with a total value of $38,387,452.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Tarek Robbiati sold 363,529 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $6.00, for a total value 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 32,017,395 shares of company stock worth $187,921,002 and sold 913,236 shares worth $5,377,413. 0.18% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Financial Counselors Inc. raised its stake in shares of Sprint by 1.7% in the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock worth $100,000 after purchasing an additional 201 shares during the last quarter. Commerce Bank purchased a new stake in shares of Sprint in the third quarter worth approximately $100,000. Advisors Asset Management Inc. raised its stake in shares of Sprint 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 purchasing an additional 318 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Sprint in the second quarter worth approximately $125,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Sprint in the third quarter worth approximately $141,000. 13.74% of the stock is owned by hedge funds and other institutional investors.

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About Sprint

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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