$8.09 Billion in Sales Expected for Sprint Corp (S) This Quarter

Brokerages expect Sprint Corp (NYSE:S) to report sales of $8.09 billion for the current fiscal quarter, Zacks Investment Research reports. Fifteen analysts have provided estimates for Sprint’s earnings, with estimates ranging from $7.82 billion to $8.54 billion. Sprint posted sales of $8.54 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 5.3%. The company is scheduled to report its next earnings report on Wednesday, May 2nd.

On average, analysts expect that Sprint will report full-year sales of $8.09 billion for the current fiscal year, with estimates ranging from $31.82 billion to $33.00 billion. For the next financial year, analysts expect that the company will post sales of $32.55 billion per share, with estimates ranging from $31.45 billion to $33.45 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Sprint.

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

Several analysts have commented on S shares. Vetr downgraded Sprint from a “strong-buy” rating to a “buy” rating and set a $5.90 target price on the stock. in a research note on Thursday, January 4th. UBS Group reiterated a “buy” rating and set a $7.50 target price (down from $9.00) on shares of Sprint in a research note on Monday, November 6th. Macquarie reiterated a “hold” rating and set a $8.00 target price on shares of Sprint in a research note on Thursday, October 26th. Barclays reiterated a “hold” rating and set a $5.00 target price on shares of Sprint in a research note on Friday, January 19th. Finally, KeyCorp downgraded Sprint from a “sector weight” rating to an “underweight” rating and set a $5.50 target price on the stock. in a research note on Monday, November 6th. Nine 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 stock presently has an average rating of “Hold” and an average target price of $6.11.

In other Sprint news, major shareholder Group Corp Softbank purchased 5,039,477 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were acquired at an average cost of $5.60 per share, with a total value of $28,221,071.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jorge Enrique Gracia sold 112,959 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $6.18, for a total value of $698,086.62. Following the sale, the insider now directly owns 858,383 shares in the company, valued at $5,304,806.94. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 58,397,765 shares of company stock worth $336,943,820 and sold 549,707 shares worth $3,196,239. 0.18% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of S. Commerce Bank bought a new stake in Sprint during the third quarter valued at about $100,000. Crossmark Global Holdings Inc. bought a new stake in shares of Sprint in the third quarter worth about $141,000. Americafirst Capital Management LLC bought a new stake in shares of Sprint in the third quarter worth about $156,000. Capital Bank & Trust Co increased its holdings in shares of Sprint by 10,821.7% in 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 last quarter. Finally, ING Groep NV bought a new stake in shares of Sprint in the fourth quarter worth about $188,000. 13.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sprint (NYSE S) opened at $5.30 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.92. Sprint has a 52 week low of $4.91 and a 52 week high of $9.44. The company has a market capitalization of $21,220.00, a price-to-earnings ratio of 3.06 and a beta of 0.64.

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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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