Jefferies Group Weighs in on Sprint Corp’s FY2018 Earnings (S)

Sprint Corp (NYSE:S) – Analysts at Jefferies Group issued their FY2018 earnings estimates for shares of Sprint in a research report issued to clients and investors on Monday. Jefferies Group analyst S. Goldman anticipates that the cell phone carrier will post earnings of $1.77 per share for the year. Jefferies Group has a “Underperform” rating and a $4.50 price target on the stock. Jefferies Group also issued estimates for Sprint’s Q4 2018 earnings at ($0.05) EPS, Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at ($0.04) EPS, Q3 2019 earnings at ($0.06) EPS, Q4 2019 earnings at $0.02 EPS, FY2019 earnings at ($0.06) EPS and FY2020 earnings at $0.02 EPS.

S has been the subject of a number of other research reports. TheStreet upgraded Sprint from a “d+” rating to a “c” rating in a research report on Friday, February 2nd. Robert W. Baird reiterated a “hold” rating and set a $6.00 price target on shares of Sprint in a research report on Friday, February 2nd. Bank of America boosted their price objective on Sprint from $2.60 to $3.00 and gave the stock an “underperform” rating in a research note on Monday. Cowen reissued a “hold” rating on shares of Sprint in a research note on Monday. Finally, Moffett Nathanson reaffirmed a “sell” rating on shares of Sprint in a research report on Thursday, October 12th. Nine investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.08.

Shares of Sprint (NYSE:S) traded up $0.43 on Wednesday, hitting $5.53. The stock had a trading volume of 10,276,718 shares, compared to its average volume of 18,515,250. The firm has a market cap of $20,400.00, a price-to-earnings ratio of 2.95 and a beta of 0.64. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Sprint has a one year low of $4.91 and a one year high of $9.44.

Sprint (NYSE:S) last announced its earnings results on Friday, February 2nd. The cell phone carrier reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. Sprint had a negative return on equity of 0.94% and a net margin of 21.41%. The business had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $8.19 billion. During the same period last year, the business posted ($0.46) EPS. The company’s revenue was down 3.6% on a year-over-year basis.

In other news, major shareholder Group Corp Softbank acquired 4,322,990 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average cost of $6.21 per share, for a total transaction of $26,845,767.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $2,181,174.00. Following the completion of the transaction, the chief financial officer now owns 1,901,974 shares in the company, valued at $11,411,844. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 65,924,416 shares of company stock worth $383,395,993 and have sold 913,236 shares worth $5,377,413. 0.18% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC boosted its position in Sprint by 1.2% in the 2nd quarter. Advisory Services Network LLC now owns 69,627 shares of the cell phone carrier’s stock valued at $572,000 after buying an additional 802 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Sprint by 4.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 43,611 shares of the cell phone carrier’s stock worth $359,000 after purchasing an additional 1,898 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Sprint by 12.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 44,213 shares of the cell phone carrier’s stock worth $363,000 after purchasing an additional 4,771 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Sprint by 0.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 997,947 shares of the cell phone carrier’s stock worth $8,193,000 after purchasing an additional 8,529 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Sprint by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 128,589 shares of the cell phone carrier’s stock worth $1,055,000 after purchasing an additional 9,491 shares during the last quarter. Hedge funds and other institutional investors own 13.76% of the company’s stock.

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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.

Earnings History and Estimates for Sprint (NYSE:S)

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