Zacks: Brokerages Anticipate Sprint Corp (S) to Announce -$0.01 EPS

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Wall Street brokerages expect that Sprint Corp (NYSE:S) will report earnings per share of ($0.01) for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have issued estimates for Sprint’s earnings. The highest EPS estimate is $0.03 and the lowest is ($0.07). Sprint posted earnings per share of $0.02 in the same quarter last year, which would indicate a negative year-over-year growth rate of 150%. The company is scheduled to report its next earnings report on Wednesday, May 1st.

On average, analysts expect that Sprint will report full year earnings of $0.05 per share for the current year, with EPS estimates ranging from ($0.01) to $0.09. For the next financial year, analysts anticipate that the business will report earnings of $0.07 per share, with EPS estimates ranging from ($0.26) to $0.24. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Sprint.

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

A number of brokerages recently issued reports on S. ValuEngine upgraded Sprint from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. William Blair restated an “underperform” rating on shares of Sprint in a report on Monday, February 11th. Finally, Cowen restated a “hold” rating and issued a $4.50 target price on shares of Sprint in a report on Monday, February 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $5.83.

Shares of S stock traded up $0.06 during mid-day trading on Thursday, hitting $5.94. 29,272 shares of the stock traded hands, compared to its average volume of 14,214,800. Sprint has a twelve month low of $5.04 and a twelve month high of $6.62. The stock has a market cap of $23.54 billion, a PE ratio of 84.71, a price-to-earnings-growth ratio of 4.59 and a beta of 0.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.07 and a current ratio of 1.16.

Several institutional investors have recently modified their holdings of S. Private Capital Group LLC boosted its position in shares of Sprint by 51.7% in the fourth quarter. Private Capital Group LLC now owns 6,002 shares of the cell phone carrier’s stock worth $35,000 after buying an additional 2,045 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Sprint in the fourth quarter worth $36,000. Bristlecone Advisors LLC acquired a new stake in shares of Sprint in the fourth quarter worth $58,000. Econ Financial Services Corp acquired a new stake in shares of Sprint in the fourth quarter worth $59,000. Finally, NuWave Investment Management LLC boosted its position in shares of Sprint by 1,200.7% in the first quarter. NuWave Investment Management LLC now owns 10,991 shares of the cell phone carrier’s stock worth $62,000 after buying an additional 10,146 shares during the period. 13.46% of the stock is owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for Sprint (NYSE:S)

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