Sprint Corp (NYSE:S) has been given a consensus rating of “Hold” by the twenty-five ratings firms that are currently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $5.94.
A number of research firms have weighed in on S. TheStreet raised Sprint from a “d+” rating to a “c” rating in a report on Friday, February 2nd. Citigroup reaffirmed a “neutral” rating and set a $6.50 target price (down previously from $7.50) on shares of Sprint in a report on Thursday. Cowen reaffirmed a “hold” rating on shares of Sprint in a report on Monday, February 5th. Robert W. Baird reaffirmed a “hold” rating and set a $6.00 target price on shares of Sprint in a report on Friday, February 2nd. Finally, Bank of America lifted their target price on Sprint from $2.60 to $3.00 and gave the company an “underperform” rating in a report on Monday, February 5th.
In other news, major shareholder Group Corp Softbank bought 2,633,814 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price of $5.98 per share, with a total value of $15,750,207.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jorge Enrique Gracia sold 112,959 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $6.18, for a total value of $698,086.62. Following the completion of the sale, the insider now directly owns 858,383 shares of the company’s stock, valued at approximately $5,304,806.94. The disclosure for this sale can be found here. In the last three months, insiders have bought 58,397,765 shares of company stock valued at $336,943,820 and have sold 549,707 shares valued at $3,196,239. 0.18% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of S. BlackRock Inc. boosted its stake in Sprint by 19.8% in the fourth quarter. BlackRock Inc. now owns 43,490,226 shares of the cell phone carrier’s stock worth $256,158,000 after buying an additional 7,188,919 shares in the last quarter. Janus Henderson Group PLC lifted its position in Sprint by 6,509.8% in the second quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock valued at $58,944,000 after purchasing an additional 7,070,812 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Sprint by 1,182.2% in the third quarter. Asset Management One Co. Ltd. now owns 1,235,281 shares of the cell phone carrier’s stock valued at $9,609,000 after purchasing an additional 1,138,942 shares during the last quarter. SG Americas Securities LLC lifted its position in Sprint by 453.2% in the fourth quarter. SG Americas Securities LLC now owns 1,109,501 shares of the cell phone carrier’s stock valued at $6,535,000 after purchasing an additional 908,943 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Sprint in the fourth quarter valued at approximately $4,469,000. 13.77% of the stock is owned by institutional investors and hedge funds.
Shares of Sprint (NYSE:S) traded down $0.03 during trading on Wednesday, reaching $5.27. The company had a trading volume of 7,368,459 shares, compared to its average volume of 19,370,000. Sprint has a fifty-two week low of $4.91 and a fifty-two week high of $9.44. The company has a market cap of $21,100.00, a PE ratio of 3.05 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.25.
Sprint (NYSE:S) last announced its quarterly earnings data on Friday, February 2nd. The cell phone carrier reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. The business had revenue of $8.24 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the business posted ($0.46) EPS. research analysts predict that Sprint will post 1.76 earnings per share for the current fiscal year.
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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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