Wall Street analysts predict that Sprint Corp (NYSE:S) will report $8.10 billion in sales for the current fiscal quarter, Zacks reports. Twelve analysts have provided estimates for Sprint’s earnings, with the highest sales estimate coming in at $8.40 billion and the lowest estimate coming in at $7.98 billion. Sprint posted sales of $8.08 billion during the same quarter last year, which would indicate a positive year over year growth rate of 0.2%. The business is expected to announce its next quarterly earnings results on Wednesday, May 1st.
On average, analysts expect that Sprint will report full-year sales of $33.08 billion for the current fiscal year, with estimates ranging from $32.64 billion to $33.55 billion. For the next fiscal year, analysts expect that the firm will report sales of $33.24 billion, with estimates ranging from $32.54 billion to $34.17 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Sprint.
Sprint (NYSE:S) last posted its quarterly earnings data on Thursday, January 31st. The cell phone carrier reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). The business 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 quarter in the prior year, the company earned $1.76 earnings per share.
A number of brokerages recently weighed in on S. ValuEngine raised shares of Sprint from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Cowen reissued a “hold” rating and set a $4.50 target price on shares of Sprint in a research note on Monday, February 4th. Finally, Zacks Investment Research raised shares of Sprint from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research note on Tuesday, November 27th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Sprint has an average rating of “Hold” and an average target price of $5.83.
Shares of NYSE S traded up $0.05 during trading hours on Monday, hitting $5.95. 13,142,400 shares of the stock were exchanged, compared to its average volume of 12,912,307. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $23.62 billion, a price-to-earnings ratio of 85.00, a P/E/G ratio of 5.84 and a beta of 0.53. Sprint has a 1-year low of $4.81 and a 1-year high of $6.62.
In other Sprint news, Director Ronald D. Fisher sold 327,525 shares of Sprint stock in a transaction on Monday, November 19th. The shares were sold at an average price of $6.20, for a total value of $2,030,655.00. Following the completion of the sale, the director now directly owns 2,419,275 shares of the company’s stock, valued at $14,999,505. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.39% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its holdings in shares of Sprint by 70.4% in the second quarter. Renaissance Technologies LLC now owns 478,100 shares of the cell phone carrier’s stock worth $2,601,000 after buying an additional 197,607 shares during the last quarter. Raymond James & Associates increased its position in Sprint by 94.6% during the second quarter. Raymond James & Associates now owns 93,176 shares of the cell phone carrier’s stock worth $507,000 after buying an additional 45,286 shares during the period. Voya Investment Management LLC increased its position in Sprint by 122.6% during the second quarter. Voya Investment Management LLC now owns 135,680 shares of the cell phone carrier’s stock worth $738,000 after buying an additional 74,718 shares during the period. Tower Research Capital LLC TRC increased its position in Sprint by 1,223.7% during the second quarter. Tower Research Capital LLC TRC now owns 19,855 shares of the cell phone carrier’s stock worth $108,000 after buying an additional 18,355 shares during the period. Finally, California Public Employees Retirement System increased its position in Sprint by 4.4% during the second quarter. California Public Employees Retirement System now owns 1,986,544 shares of the cell phone carrier’s stock worth $10,807,000 after buying an additional 84,552 shares during the period. 12.90% of the stock is owned by hedge funds and other institutional investors.
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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