Sequans Communications SA (NYSE:SQNS) – Equities researchers at B. Riley reduced their FY2017 earnings per share estimates for shares of Sequans Communications in a research note issued on Wednesday, according to Zacks Investment Research. B. Riley analyst C. Ellis now expects that the semiconductor company will earn ($0.29) per share for the year, down from their prior forecast of ($0.26). B. Riley has a “Buy” rating and a $2.75 price objective on the stock. B. Riley also issued estimates for Sequans Communications’ Q1 2018 earnings at ($0.08) EPS, Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at ($0.05) EPS, Q4 2018 earnings at ($0.04) EPS, FY2018 earnings at ($0.22) EPS, Q1 2019 earnings at ($0.04) EPS, Q2 2019 earnings at ($0.03) EPS and FY2019 earnings at ($0.09) EPS.
A number of other research firms have also recently commented on SQNS. Zacks Investment Research raised Sequans Communications from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Roth Capital assumed coverage on Sequans Communications in a report on Friday, January 5th. They set a “buy” rating and a $4.00 price target on the stock. Canaccord Genuity reissued a “buy” rating and set a $3.75 price target on shares of Sequans Communications in a report on Wednesday, January 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $3.00 price target on shares of Sequans Communications in a report on Monday, January 22nd. Three equities research analysts have rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $3.79.
Shares of Sequans Communications (NYSE:SQNS) traded up $0.04 during trading on Friday, reaching $1.56. The company had a trading volume of 571,843 shares, compared to its average volume of 497,271. Sequans Communications has a one year low of $1.44 and a one year high of $4.75. The company has a market cap of $144.05, a PE ratio of -5.03 and a beta of 2.35. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 0.80.
Several institutional investors have recently modified their holdings of the company. Tudor Investment Corp ET AL purchased a new position in shares of Sequans Communications during the second quarter valued at about $162,000. Gradient Investments LLC grew its position in shares of Sequans Communications by 47.2% during the fourth quarter. Gradient Investments LLC now owns 165,825 shares of the semiconductor company’s stock valued at $317,000 after purchasing an additional 53,184 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Sequans Communications during the second quarter valued at about $220,000. Manatuck Hill Partners LLC grew its position in shares of Sequans Communications by 47.2% during the second quarter. Manatuck Hill Partners LLC now owns 312,000 shares of the semiconductor company’s stock valued at $1,033,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of Sequans Communications during the fourth quarter valued at about $198,000. Hedge funds and other institutional investors own 30.38% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Sequans Communications SA Forecasted to Earn FY2017 Earnings of ($0.29) Per Share (NYSE:SQNS)” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2018/02/12/fy2017-earnings-estimate-for-sequans-communications-sa-issued-by-b-riley-sqns.html.
Sequans Communications Company Profile
Sequans Communications SA is a fabless designer, developer and supplier of fourth Generation long term evolution (4G LTE) semiconductor solutions for wireless broadband applications, with a specific focus on the single-mode device market. Its semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques, algorithms and software stacks.
Get a free copy of the Zacks research report on Sequans Communications (SQNS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sequans Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sequans Communications and related companies with MarketBeat.com's FREE daily email newsletter.