William Blair Research Analysts Increase Earnings Estimates for Sprint Corp (S)

Sprint Corp (NYSE:S) – Equities research analysts at William Blair raised their FY2018 earnings estimates for shares of Sprint in a research note issued on Monday, Zacks Investment Research reports. William Blair analyst J. Breen now forecasts that the cell phone carrier will post earnings of $1.77 per share for the year, up from their previous estimate of $0.06. William Blair also issued estimates for Sprint’s Q4 2018 earnings at ($0.03) EPS and FY2019 earnings at $0.01 EPS.

Other equities research analysts also recently issued research reports about the company. Vetr downgraded Sprint from a “strong-buy” rating to a “buy” rating and set a $7.10 price target on the stock. in a research report on Thursday, November 2nd. UBS Group reissued a “buy” rating and set a $7.50 price target (down previously from $9.00) on shares of Sprint in a research report on Monday, November 6th. TheStreet raised Sprint from a “d+” rating to a “c” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded Sprint from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Deutsche Bank reduced their target price on Sprint to $5.50 and set a “hold” rating on the stock in a report on Monday, December 11th. Nine investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.11.

Shares of Sprint (NYSE:S) traded up $0.05 during trading hours on Wednesday, reaching $5.31. The company had a trading volume of 3,063,169 shares, compared to its average volume of 18,623,037. The firm has a market capitalization of $21,096.05, a P/E ratio of 3.08 and a beta of 0.64. Sprint has a 1-year low of $4.91 and a 1-year high of $9.44. 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 earnings results on Friday, February 2nd. The cell phone carrier reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. The company had revenue of $8.24 billion for the quarter, compared to analyst estimates 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 last year, the company earned ($0.46) earnings per share.

Several hedge funds have recently bought and sold shares of S. BlackRock Inc. grew its stake in shares of Sprint by 19.8% in the 4th quarter. BlackRock Inc. now owns 43,490,226 shares of the cell phone carrier’s stock valued at $256,158,000 after buying an additional 7,188,919 shares during the period. Vanguard Group Inc. grew its stake in shares of Sprint by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 37,971,867 shares of the cell phone carrier’s stock valued at $311,749,000 after buying an additional 301,765 shares during the period. Janus Henderson Group PLC grew its stake in shares of Sprint by 6,509.8% in 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 buying an additional 7,070,812 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Sprint by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,075,012 shares of the cell phone carrier’s stock valued at $58,083,000 after buying an additional 50,302 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Sprint by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 4,706,246 shares of the cell phone carrier’s stock valued at $27,698,000 after buying an additional 69,950 shares during the period. 13.77% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Jorge Enrique Gracia sold 112,959 shares of Sprint stock in a transaction dated 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 transaction, the insider now directly owns 858,383 shares of the company’s stock, valued at approximately $5,304,806.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Group Corp Softbank acquired 5,039,477 shares of the stock in a transaction dated Monday, December 18th. The stock was acquired at an average cost of $5.60 per share, with a total value of $28,221,071.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 55,763,951 shares of company stock valued at $321,193,612 and have sold 549,707 shares valued at $3,196,239. 0.18% of the stock is owned by company insiders.

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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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