News coverage about Sprint Corporation (NYSE:S) has trended somewhat positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sprint Corporation earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave news articles about the cell phone carrier an impact score of 46.9608396453342 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Sprint Corporation (S) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Sprint Corporation (S) and its Peers Head-To-Head Contrast (americanbankingnews.com)
- SoftBank and Sprint are testing blockchain payments (venturebeat.com)
- August Update: Dividend Growth Investing Is A March, Not A Sprint (seekingalpha.com)
- SoftBank, Sprint, Far EasTone and TBCASoft Launch Blockchain Consortium for Telecom Carriers (newsroom.sprint.com)
Sprint Corporation (S) traded down 2.89% during mid-day trading on Friday, hitting $7.74. 14,911,246 shares of the stock were exchanged. The company has a 50 day moving average price of $8.32 and a 200 day moving average price of $8.37. The firm’s market cap is $30.94 billion. Sprint Corporation has a 52-week low of $5.83 and a 52-week high of $9.65.
Sprint Corporation (NYSE:S) last issued its quarterly earnings data on Tuesday, August 1st. The cell phone carrier reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.06. The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.14 billion. Sprint Corporation had a negative net margin of 2.08% and a negative return on equity of 3.66%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) EPS. On average, analysts anticipate that Sprint Corporation will post ($0.83) EPS for the current year.
S has been the subject of several research reports. ValuEngine raised shares of Sprint Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Sprint Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. HSBC Holdings plc reaffirmed a “reduce” rating and issued a $7.20 price target on shares of Sprint Corporation in a research report on Friday, June 16th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Sprint Corporation in a research report on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Sprint Corporation in a research report on Wednesday, June 28th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. Sprint Corporation currently has an average rating of “Hold” and an average price target of $10.26.
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In related news, VP Paul W. Schieber, Jr. sold 24,465 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $8.22, for a total value of $201,102.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by insiders.
Sprint Corporation 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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