Zacks: Analysts Anticipate Sprint Corp (S) Will Post Earnings of -$0.05 Per Share

Brokerages forecast that Sprint Corp (NYSE:S) will report earnings per share of ($0.05) for the current fiscal quarter, Zacks Investment Research reports. Fifteen analysts have made estimates for Sprint’s earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at $0.02. Sprint reported earnings of ($0.07) per share during the same quarter last year, which would suggest a positive year over year growth rate of 28.6%. The business is scheduled to report its next earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that Sprint will report full year earnings of $1.52 per share for the current year, with EPS estimates ranging from ($0.01) to $1.81. For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.11) per share, with EPS estimates ranging from ($0.53) to $0.11. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Sprint.

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Sprint (NYSE:S) last announced its quarterly earnings data on Friday, February 2nd. The cell phone carrier reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The company had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $8.19 billion. Sprint had a negative return on equity of 0.94% and a net margin of 21.41%. Sprint’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.46) EPS.

A number of equities research analysts recently weighed in on S shares. Vetr cut Sprint from a “strong-buy” rating to a “buy” rating and set a $5.90 price objective for the company. in a research note on Thursday, January 4th. TheStreet upgraded Sprint from a “d+” rating to a “c” rating in a research note on Friday, February 2nd. Deutsche Bank decreased their price objective on Sprint to $5.50 and set a “hold” rating for the company in a research note on Monday, December 11th. Cowen restated a “hold” rating on shares of Sprint in a research note on Monday, February 5th. Finally, Robert W. Baird restated a “hold” rating and set a $6.00 price objective on shares of Sprint in a research note on Friday, February 2nd. Ten analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.02.

In other Sprint news, major shareholder Group Corp Softbank purchased 5,095,549 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was bought at an average cost of $5.64 per share, for a total transaction of $28,738,896.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders acquired 50,526,414 shares of company stock valued at $290,822,412. 0.18% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the company. Banco de Sabadell S.A purchased a new position in shares of Sprint in the fourth quarter worth about $176,000. Westside Investment Management Inc. raised its stake in shares of Sprint by 872.7% in the fourth quarter. Westside Investment Management Inc. now owns 17,490 shares of the cell phone carrier’s stock worth $101,000 after purchasing an additional 15,692 shares during the last quarter. Gotham Asset Management LLC raised its stake in shares of Sprint by 113.8% in the fourth quarter. Gotham Asset Management LLC now owns 1,324,732 shares of the cell phone carrier’s stock worth $7,803,000 after purchasing an additional 705,022 shares during the last quarter. Element Capital Management LLC purchased a new position in shares of Sprint in the fourth quarter worth about $14,449,000. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in shares of Sprint by 47.4% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 295,726 shares of the cell phone carrier’s stock worth $1,741,000 after purchasing an additional 95,093 shares during the last quarter. Hedge funds and other institutional investors own 13.63% of the company’s stock.

Sprint (NYSE S) opened at $5.26 on Friday. Sprint has a 12-month low of $4.91 and a 12-month high of $9.22. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.92. The stock has a market capitalization of $21,060.00, a price-to-earnings ratio of -526.00 and a beta of 0.64.

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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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Earnings History and Estimates for Sprint (NYSE:S)

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