Sprint Corp (S) Expected to Announce Earnings of -$0.02 Per Share

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Equities analysts expect Sprint Corp (NYSE:S) to report earnings of ($0.02) per share for the current quarter, according to Zacks. Twelve analysts have provided estimates for Sprint’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at ($0.07). Sprint reported earnings per share of $0.02 during the same quarter last year, which indicates a negative year-over-year growth rate of 200%. The company is expected to announce its next quarterly earnings results on Wednesday, May 1st.

According to Zacks, analysts expect that Sprint will report full year earnings of $0.05 per share for the current fiscal year, with EPS estimates ranging from ($0.04) to $0.16. For the next fiscal year, analysts anticipate that the company will report earnings of $0.05 per share, with EPS estimates ranging from ($0.29) to $0.26. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Sprint.

Sprint (NYSE:S) last released its quarterly earnings results on Thursday, January 31st. The cell phone carrier reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.40 billion. Sprint had a return on equity of 1.08% and a net margin of 0.90%. During the same period last year, the firm posted $1.76 earnings per share.

Several research firms recently commented on S. Cowen reissued a “hold” rating and set a $4.50 price target on shares of Sprint in a research report on Monday, February 4th. ValuEngine raised Sprint from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research raised Sprint from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research report on Tuesday, November 27th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Sprint currently has an average rating of “Hold” and an average price target of $5.83.

Sprint stock remained flat at $$5.90 during midday trading on Friday. The company had a trading volume of 16,711,875 shares, compared to its average volume of 12,918,050. The firm has a market cap of $23.62 billion, a price-to-earnings ratio of 84.29, a PEG ratio of 5.84 and a beta of 0.53. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 1.28. Sprint has a 12-month low of $4.81 and a 12-month high of $6.62.

In other Sprint news, Director Ronald D. Fisher sold 327,525 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $6.20, for a total value of $2,030,655.00. Following the transaction, the director now directly owns 2,419,275 shares of the company’s stock, valued at approximately $14,999,505. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Several hedge funds have recently bought and sold shares of S. Renaissance Technologies LLC raised its position in shares of Sprint by 2,277.5% during the 3rd quarter. Renaissance Technologies LLC now owns 11,366,643 shares of the cell phone carrier’s stock valued at $74,338,000 after acquiring an additional 10,888,543 shares in the last quarter. Alpine Associates Management Inc. raised its position in shares of Sprint by 298.9% during the 3rd quarter. Alpine Associates Management Inc. now owns 7,206,000 shares of the cell phone carrier’s stock valued at $47,126,000 after acquiring an additional 5,399,600 shares in the last quarter. Morgan Stanley raised its position in shares of Sprint by 145.5% during the 3rd quarter. Morgan Stanley now owns 8,604,661 shares of the cell phone carrier’s stock valued at $56,275,000 after acquiring an additional 5,100,266 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Sprint during the 3rd quarter valued at approximately $20,928,000. Finally, Korea Investment CORP grew its stake in Sprint by 414.8% during the 3rd quarter. Korea Investment CORP now owns 1,930,900 shares of the cell phone carrier’s stock worth $12,628,000 after buying an additional 1,555,800 shares during the last quarter. 12.88% of the stock is currently owned by institutional investors and hedge funds.

About Sprint

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.

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Earnings History and Estimates for Sprint (NYSE:S)

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