Equities analysts expect Sprint Corp (NYSE:S) to report sales of $8.21 billion for the current quarter, according to Zacks Investment Research. Fifteen analysts have provided estimates for Sprint’s earnings, with the highest sales estimate coming in at $8.57 billion and the lowest estimate coming in at $7.97 billion. Sprint reported sales of $8.55 billion in the same quarter last year, which would suggest a negative year over year growth rate of 4%. The company is expected to report its next earnings report on Tuesday, January 30th.
On average, analysts expect that Sprint will report full-year sales of $8.21 billion for the current year, with estimates ranging from $31.92 billion to $33.28 billion. For the next fiscal year, analysts expect that the firm will report sales of $32.77 billion per share, with estimates ranging from $31.07 billion to $34.18 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Sprint.
Sprint (NYSE:S) last announced its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $7.93 billion for the quarter, compared to analysts’ expectations of $8.05 billion. Sprint had a negative return on equity of 3.19% and a negative net margin of 1.82%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the firm posted ($0.04) earnings per share.
S has been the topic of a number of analyst reports. Zacks Investment Research raised Sprint from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a research report on Tuesday, October 10th. UBS Group reaffirmed a “buy” rating and set a $7.50 price objective (down from $9.00) on shares of Sprint in a research report on Monday, November 6th. Macquarie reaffirmed a “hold” rating and set a $8.00 price objective on shares of Sprint in a research report on Thursday, October 26th. KeyCorp cut Sprint from a “sector weight” rating to an “underweight” rating and set a $5.50 price objective on the stock. in a research report on Monday, November 6th. Finally, Deutsche Bank lowered their price objective on Sprint to $5.50 and set a “hold” rating on the stock in a research report on Monday, December 11th. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Sprint has a consensus rating of “Hold” and a consensus target price of $6.72.
In related news, major shareholder Group Corp Softbank bought 4,322,990 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average price of $6.21 per share, with a total value of $26,845,767.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jorge Enrique Gracia sold 112,959 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $6.18, for a total value of $698,086.62. Following the transaction, the insider now directly owns 858,383 shares in the company, valued at approximately $5,304,806.94. The disclosure for this sale can be found here. In the last three months, insiders have bought 54,671,979 shares of company stock worth $320,164,863 and have sold 913,236 shares worth $5,377,413. Insiders own 0.18% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of S. Janus Henderson Group PLC boosted its holdings in Sprint by 6,509.8% during the 2nd quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock valued at $58,944,000 after acquiring an additional 7,070,812 shares during the period. Odey Asset Management Group Ltd lifted its holdings in shares of Sprint by 107.3% in the 2nd quarter. Odey Asset Management Group Ltd now owns 8,124,955 shares of the cell phone carrier’s stock worth $66,706,000 after buying an additional 4,204,955 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Sprint by 1,182.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,235,281 shares of the cell phone carrier’s stock worth $9,609,000 after buying an additional 1,138,942 shares during the period. Naya Capital Management UK Ltd. lifted its holdings in shares of Sprint by 67.1% in the 2nd quarter. Naya Capital Management UK Ltd. now owns 2,423,100 shares of the cell phone carrier’s stock worth $19,894,000 after buying an additional 973,100 shares during the period. Finally, Koch Industries Inc. purchased a new stake in shares of Sprint in the 2nd quarter worth $434,000. Institutional investors own 13.74% of the company’s stock.
Sprint (S) remained flat at $$5.80 during mid-day trading on Tuesday. 16,264,899 shares of the stock traded hands, compared to its average volume of 18,695,660. Sprint has a one year low of $5.42 and a one year 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. The stock has a market capitalization of $23,370.00, a PE ratio of -38.67 and a beta of 0.79.
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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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