Sprint Corp (NYSE:S) – Investment analysts at KeyCorp issued their Q1 2019 earnings per share (EPS) estimates for Sprint in a report released on Monday. KeyCorp analyst B. Nispel anticipates that the cell phone carrier will earn $0.01 per share for the quarter. KeyCorp currently has a “Underweight” rating and a $5.00 target price on the stock. KeyCorp also issued estimates for Sprint’s Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at ($0.12) EPS and Q4 2019 earnings at ($0.01) EPS.

Sprint (NYSE:S) last issued its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $8.05 billion. During the same quarter in the previous year, the firm posted ($0.04) EPS. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year.

A number of other brokerages have also recently issued reports on S. Oppenheimer reissued a “hold” rating on shares of Sprint in a report on Wednesday, September 20th. Zacks Investment Research raised shares of Sprint from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a report on Tuesday, October 3rd. UBS Group reissued a “buy” rating and set a $7.50 target price (down previously from $9.00) on shares of Sprint in a report on Monday, November 6th. Deutsche Bank decreased their price target on shares of Sprint to $5.50 and set a “hold” rating on the stock in a report on Monday, December 11th. Finally, Vetr cut shares of Sprint from a “strong-buy” rating to a “buy” rating and set a $7.10 price target on the stock. in a report on Thursday, November 2nd. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $6.80.

Shares of Sprint (NYSE:S) traded down $0.27 during mid-day trading on Wednesday, reaching $5.63. 35,172,816 shares of the company’s stock were exchanged, compared to its average volume of 20,422,473. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.10 and a quick ratio of 1.03. Sprint has a 1-year low of $5.42 and a 1-year high of $9.65. The company has a market cap of $22,520.00, a PE ratio of -37.53 and a beta of 0.79.

Several institutional investors have recently bought and sold shares of S. Americafirst Capital Management LLC purchased a new stake in shares of Sprint during the third quarter worth about $156,000. Capital Bank & Trust Co boosted its holdings in shares of Sprint by 10,821.7% during the third quarter. Capital Bank & Trust Co now owns 21,625 shares of the cell phone carrier’s stock worth $168,000 after purchasing an additional 21,427 shares during the period. Cowen Inc. purchased a new stake in shares of Sprint during the third quarter worth about $934,000. Magnetar Financial LLC purchased a new stake in shares of Sprint during the third quarter worth about $771,000. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Sprint by 1,182.2% during the third quarter. Asset Management One Co. Ltd. now owns 1,235,281 shares of the cell phone carrier’s stock worth $9,609,000 after purchasing an additional 1,138,942 shares during the period. Institutional investors own 13.74% of the company’s stock.

In other Sprint news, major shareholder Group Corp Softbank purchased 6,484,367 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was acquired at an average cost of $5.92 per share, for a total transaction of $38,387,452.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tarek Robbiati sold 363,529 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 1,901,974 shares of the company’s stock, valued at $11,411,844. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 45,209,379 shares of company stock valued at $265,212,964 and have sold 913,236 shares valued at $5,377,413. Corporate insiders own 0.18% of the company’s stock.

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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.

Earnings History and Estimates for Sprint (NYSE:S)

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