Analysts predict that Sprint Corp (NYSE:S) will post earnings per share of ($0.04) for the current quarter, according to Zacks Investment Research. Eighteen analysts have provided estimates for Sprint Corp’s earnings. The highest EPS estimate is $0.01 and the lowest is ($0.10). Sprint Corp posted earnings per share of ($0.14) during the same quarter last year, which would indicate a positive year-over-year growth rate of 71.4%. The company is scheduled to report its next earnings results before the market opens on Wednesday, May 3rd.
According to Zacks, analysts expect that Sprint Corp will report full year earnings of ($0.26) per share for the current year, with EPS estimates ranging from ($0.33) to ($0.19). For the next fiscal year, analysts forecast that the company will report earnings of ($0.03) per share, with EPS estimates ranging from ($0.20) to $0.15. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow Sprint Corp.
Sprint Corp (NYSE:S) last released its earnings results on Tuesday, January 31st. The cell phone carrier reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. Sprint Corp had a negative net margin of 4.49% and a negative return on equity of 7.23%. The business had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter in the previous year, the business posted ($0.21) earnings per share. Sprint Corp’s revenue for the quarter was up 5.5% on a year-over-year basis.
A number of research firms have recently weighed in on S. Wells Fargo & Co reiterated an “outperform” rating and issued a $11.00 price objective on shares of Sprint Corp in a research note on Wednesday, December 28th. Royal Bank of Canada reiterated a “hold” rating and issued a $6.00 price objective on shares of Sprint Corp in a research note on Tuesday, January 3rd. Vetr upgraded shares of Sprint Corp from a “buy” rating to a “strong-buy” rating and set a $9.50 price objective on the stock in a research note on Wednesday, April 5th. Jefferies Group LLC increased their price objective on shares of Sprint Corp from $4.50 to $5.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 1st. Finally, Macquarie reiterated a “buy” rating and issued a $10.25 price objective on shares of Sprint Corp in a research note on Sunday, January 22nd. Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.79.
Several institutional investors have recently bought and sold shares of S. DnB Asset Management AS increased its position in Sprint Corp by 8.7% in the first quarter. DnB Asset Management AS now owns 89,120 shares of the cell phone carrier’s stock valued at $774,000 after buying an additional 7,100 shares in the last quarter. Capstone Asset Management Co. increased its position in Sprint Corp by 9.2% in the first quarter. Capstone Asset Management Co. now owns 18,432 shares of the cell phone carrier’s stock valued at $160,000 after buying an additional 1,552 shares in the last quarter. Creative Planning increased its position in Sprint Corp by 5.0% in the first quarter. Creative Planning now owns 123,149 shares of the cell phone carrier’s stock valued at $1,069,000 after buying an additional 5,884 shares in the last quarter. Wsfs Capital Management LLC acquired a new position in Sprint Corp during the fourth quarter valued at $169,000. Finally, Hudson Bay Capital Management LP acquired a new position in Sprint Corp during the fourth quarter valued at $2,105,000. 14.35% of the stock is currently owned by hedge funds and other institutional investors.
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Sprint Corp (NYSE:S) traded down 0.93% during trading on Tuesday, hitting $8.50. 7,863,445 shares of the stock traded hands. The firm has a 50-day moving average price of $8.47 and a 200 day moving average price of $8.10. The firm’s market cap is $33.89 billion. Sprint Corp has a 12 month low of $3.37 and a 12 month high of $9.65.
Sprint Corp 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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