Sequans Communications SA Forecasted to Earn FY2017 Earnings of ($0.29) Per Share (NYSE:SQNS)

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.

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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.

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Earnings History and Estimates for Sequans Communications (NYSE:SQNS)

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