Zacks: Analysts Anticipate Sprint Co. (S) Will Post Earnings of -$0.06 Per Share

Equities research analysts forecast that Sprint Co. (NYSE:S) will report earnings per share (EPS) of ($0.06) for the current fiscal quarter, Zacks reports. Fifteen analysts have provided estimates for Sprint’s earnings. The lowest EPS estimate is ($0.14) and the highest is $0.01. Sprint posted earnings per share of ($0.07) during the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The company is scheduled to announce its next earnings report on Wednesday, May 2nd.

On average, analysts expect that Sprint will report full-year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from ($0.10) to $1.80. For the next financial year, analysts forecast that the company will report earnings of ($0.11) per share, with EPS estimates ranging from ($0.53) to $0.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Sprint.

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

S has been the subject of several research analyst reports. KeyCorp set a $5.00 target price on shares of Sprint and gave the company an “underweight” rating in a research report on Tuesday, January 2nd. ValuEngine lowered shares of Sprint from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 4th. Macquarie lowered shares of Sprint from a “neutral” rating to an “underperform” rating and set a $5.00 target price for the company. in a research report on Tuesday, January 23rd. Vetr lowered shares of Sprint from a “strong-buy” rating to a “buy” rating and set a $5.90 target price for the company. in a research report on Thursday, January 4th. Finally, Cowen reiterated a “hold” rating on shares of Sprint in a research report on Monday, February 5th. Nine analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Sprint currently has a consensus rating of “Hold” and a consensus price target of $5.84.

A number of large investors have recently bought and sold shares of S. Macquarie Group Ltd. raised its holdings in Sprint by 518.9% during the 3rd quarter. Macquarie Group Ltd. now owns 29,832 shares of the cell phone carrier’s stock valued at $232,000 after buying an additional 25,012 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Sprint by 21.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,399,854 shares of the cell phone carrier’s stock valued at $10,891,000 after buying an additional 251,351 shares during the last quarter. Stifel Financial Corp raised its holdings in Sprint by 39.4% during the 3rd quarter. Stifel Financial Corp now owns 230,782 shares of the cell phone carrier’s stock valued at $1,797,000 after buying an additional 65,224 shares during the last quarter. Gateway Investment Advisers LLC raised its holdings in Sprint by 5.3% during the 4th quarter. Gateway Investment Advisers LLC now owns 233,970 shares of the cell phone carrier’s stock valued at $1,378,000 after buying an additional 11,800 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Sprint during the 4th quarter valued at $292,000. Institutional investors own 13.64% of the company’s stock.

Shares of Sprint stock opened at $6.00 on Thursday. Sprint has a 1 year low of $4.81 and a 1 year high of $9.22. The company has a market cap of $23,417.77, a price-to-earnings ratio of -21.43 and a beta of 0.68. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.92 and a quick ratio of 0.83.

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Sprint Company Profile

Sprint Corporation, through its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates in two segments, Wireless and Wireline.

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Earnings History and Estimates for Sprint (NYSE:S)

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