Equities analysts expect that Sprint Corp (NYSE:S) will announce sales of $8.33 billion for the current fiscal quarter, Zacks reports. Twelve analysts have provided estimates for Sprint’s earnings, with the highest sales estimate coming in at $8.77 billion and the lowest estimate coming in at $8.06 billion. Sprint posted sales of $8.24 billion in the same quarter last year, which would indicate a positive year over year growth rate of 1.1%. The firm is scheduled to announce its next quarterly earnings report on Friday, February 1st.
On average, analysts expect that Sprint will report full year sales of $32.73 billion for the current financial year, with estimates ranging from $32.04 billion to $33.59 billion. For the next fiscal year, analysts expect that the firm will report sales of $32.94 billion, with estimates ranging from $31.73 billion to $34.03 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Sprint.
Sprint (NYSE:S) last released its quarterly earnings results on Wednesday, October 31st. The cell phone carrier reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. Sprint had a net margin of 22.73% and a return on equity of 0.51%. The business had revenue of $8.43 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period last year, the firm earned ($0.01) earnings per share. Sprint’s revenue for the quarter was up 6.4% compared to the same quarter last year.
A number of equities analysts recently commented on the stock. ValuEngine raised shares of Sprint from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 12th. Zacks Investment Research downgraded shares of Sprint from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $5.85.
In other Sprint news, insider John Saw sold 260,095 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $6.14, for a total transaction of $1,596,983.30. Following the sale, the insider now directly owns 1,333,982 shares in the company, valued at $8,190,649.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.39% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of S. Financial Counselors Inc. acquired a new stake in shares of Sprint in the 2nd quarter valued at approximately $100,000. Oakbrook Investments LLC acquired a new stake in shares of Sprint in the 3rd quarter valued at approximately $102,000. Tower Research Capital LLC TRC boosted its stake in shares of Sprint by 1,223.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 19,855 shares of the cell phone carrier’s stock valued at $108,000 after purchasing an additional 18,355 shares in the last quarter. Levin Capital Strategies L.P. acquired a new stake in shares of Sprint in the 2nd quarter valued at approximately $136,000. Finally, Caption Management LLC boosted its stake in shares of Sprint by 294.4% in the 2nd quarter. Caption Management LLC now owns 28,000 shares of the cell phone carrier’s stock valued at $153,000 after purchasing an additional 20,900 shares in the last quarter. Institutional investors own 13.13% of the company’s stock.
NYSE:S opened at $6.27 on Friday. Sprint has a 52 week low of $4.81 and a 52 week high of $6.75. The stock has a market cap of $22.74 billion, a P/E ratio of 89.57 and a beta of 0.81. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.10 and a current ratio of 1.15.
Sprint Company Profile
Sprint Corporation, together with 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 United States Virgin Islands. It operates in two segments, Wireless and Wireline.
Featured Story: Risk Tolerance
Get a free copy of the Zacks research report on Sprint (S)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sprint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint and related companies with MarketBeat.com's FREE daily email newsletter.