Sprint (S) Set to Announce Earnings on Monday

Sprint (NYSE:S) will release its earnings data before the market opens on Monday, January 29th.

Sprint (NYSE:S) last issued its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $7.93 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same period in the previous year, the company posted ($0.04) EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. On average, analysts expect Sprint to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Sprint (S) opened at $5.47 on Monday. Sprint has a 12-month low of $5.24 and a 12-month high of $9.65. The company has a market capitalization of $21,880.00, a PE ratio of -36.47 and a beta of 0.79. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.10 and a quick ratio of 1.03.

A number of analysts have commented on the company. Zacks Investment Research raised Sprint from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a report on Tuesday, October 3rd. Deutsche Bank decreased their price objective on Sprint from $8.00 to $7.00 and set a “hold” rating for the company in a report on Tuesday, October 10th. KeyCorp reissued a “hold” rating on shares of Sprint in a report on Wednesday, October 11th. ValuEngine lowered Sprint from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Finally, BTIG Research boosted their price objective on Sprint from $3.85 to $4.00 and gave the stock a “sell” rating in a report on Wednesday, October 18th. Seven investment 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 has an average rating of “Hold” and an average price target of $6.52.

In other news, major shareholder Group Corp Softbank acquired 5,039,477 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were acquired at an average price of $5.60 per share, for a total transaction of $28,221,071.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paul W. Schieber, Jr. sold 144,041 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $5.74, for a total value of $826,795.34. Following the completion of the transaction, the vice president now owns 204,168 shares in the company, valued at approximately $1,171,924.32. The disclosure for this sale can be found here. In the last quarter, insiders purchased 72,408,783 shares of company stock worth $421,783,446 and sold 913,236 shares worth $5,377,413. 0.18% of the stock is currently owned by corporate insiders.

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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 for Sprint (NYSE:S)

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