News headlines about Sprint (NYSE:S) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sprint earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the cell phone carrier an impact score of 44.9007642227884 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
Several equities research analysts recently weighed in on the company. ValuEngine cut Sprint from a “sell” rating to a “strong sell” rating in a report on Wednesday. SunTrust Banks dropped their price objective on Sprint to $6.50 and set a “hold” rating for the company in a report on Tuesday, May 8th. Jefferies Group upgraded Sprint from an “underperform” rating to a “hold” rating and set a $4.50 price objective for the company in a report on Tuesday, May 1st. Citigroup increased their price objective on Sprint from $6.50 to $7.00 and gave the stock a “neutral” rating in a report on Monday, April 30th. Finally, Guggenheim upgraded Sprint from a “sell” rating to a “neutral” rating and set a $4.50 price objective for the company in a report on Monday, April 30th. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $5.91.
Shares of Sprint traded up $0.02, hitting $5.11, during trading on Friday, MarketBeat reports. The stock had a trading volume of 13,960,347 shares, compared to its average volume of 24,226,622. Sprint has a 12 month low of $4.81 and a 12 month high of $9.02. The firm has a market capitalization of $20.38 billion, a P/E ratio of 127.25 and a beta of 0.66. 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 (NYSE:S) last announced its earnings results on Wednesday, May 2nd. The cell phone carrier reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.09. Sprint had a return on equity of 0.73% and a net margin of 22.80%. The firm had revenue of $8.08 billion during the quarter, compared to analyst estimates of $7.99 billion. During the same quarter in the prior year, the company earned ($0.07) EPS. The business’s revenue was down 5.3% compared to the same quarter last year. equities analysts forecast that Sprint will post -0.04 EPS for the current fiscal year.
In other news, insider John Saw sold 88,319 shares of the stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $6.50, for a total value of $574,073.50. Following the completion of the transaction, the insider now owns 1,149,057 shares of the company’s stock, valued at approximately $7,468,870.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.
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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