Headlines about Sprint (NYSE:S) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sprint earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news coverage about the cell phone carrier an impact score of 46.6672512026247 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
A number of research analysts have commented on S shares. Vetr cut shares of Sprint from a “strong-buy” rating to a “buy” rating and set a $5.90 target price on the stock. in a research report on Thursday, January 4th. Cowen reaffirmed a “hold” rating on shares of Sprint in a research report on Monday, February 5th. Barclays reaffirmed a “hold” rating and issued a $5.00 target price on shares of Sprint in a research report on Friday, January 19th. Deutsche Bank decreased their target price on shares of Sprint to $5.50 and set a “hold” rating on the stock in a research report on Monday, December 11th. Finally, KeyCorp set a $5.00 price target on shares of Sprint and gave the stock an “underweight” rating in a research note on Tuesday, January 2nd. Ten equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. Sprint currently has a consensus rating of “Hold” and a consensus price target of $6.02.
Shares of S stock traded down $0.01 during trading hours on Monday, reaching $5.14. 7,161,264 shares of the stock were exchanged, compared to its average volume of 14,529,164. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.92. Sprint has a 12-month low of $4.81 and a 12-month high of $9.22. The firm has a market capitalization of $20,615.64, a price-to-earnings ratio of -18.36 and a beta of 0.68.
Sprint (NYSE:S) last released 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. Sprint had a net margin of 21.41% and a negative return on equity of 0.94%. The firm had revenue of $8.24 billion for the quarter, compared to analyst estimates of $8.19 billion. During the same period in the prior year, the firm earned ($0.46) earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. equities analysts forecast that Sprint will post -0.01 EPS for the current fiscal year.
In other news, major shareholder Group Corp Softbank bought 6,149,090 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were purchased at an average cost of $5.68 per share, for a total transaction of $34,926,831.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased 17,736,804 shares of company stock worth $101,618,582 over the last 90 days. Insiders own 0.18% of the company’s stock.
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Sprint Company Profile
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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