Equities analysts forecast that Sprint Corp (NYSE:S) will report $8.20 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Sprint’s earnings, with the lowest sales estimate coming in at $7.90 billion and the highest estimate coming in at $8.39 billion. Sprint reported sales of $8.60 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.7%. The firm is expected to report its next earnings results on Thursday, January 30th.
On average, analysts expect that Sprint will report full year sales of $32.19 billion for the current year, with estimates ranging from $31.76 billion to $32.63 billion. For the next financial year, analysts expect that the company will post sales of $31.67 billion, with estimates ranging from $30.75 billion to $32.39 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Sprint.
Sprint (NYSE:S) last announced its quarterly earnings results on Monday, November 4th. The cell phone carrier reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.05). Sprint had a negative return on equity of 2.63% and a negative net margin of 8.19%. The firm had revenue of $7.80 billion for the quarter, compared to analysts’ expectations of $8.17 billion. During the same period last year, the company posted $0.05 earnings per share. The business’s quarterly revenue was down 7.6% on a year-over-year basis.
A number of brokerages recently issued reports on S. ValuEngine raised shares of Sprint from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. Barclays reissued a “hold” rating and set a $6.00 price target on shares of Sprint in a report on Tuesday, October 15th. Finally, TheStreet downgraded shares of Sprint from a “c-” rating to a “d+” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $6.31.
NYSE S traded down $0.10 during mid-day trading on Friday, reaching $4.82. 27,151,319 shares of the stock were exchanged, compared to its average volume of 15,050,680. The business’s 50 day moving average is $5.27 and its 200-day moving average is $6.25. Sprint has a 1 year low of $4.75 and a 1 year high of $8.06. The company has a market capitalization of $20.10 billion, a P/E ratio of 482.00 and a beta of 0.22. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.71 and a current ratio of 0.78.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC raised its position in shares of Sprint by 572.1% in the second quarter. Jane Street Group LLC now owns 253,673 shares of the cell phone carrier’s stock valued at $1,667,000 after buying an additional 215,931 shares during the last quarter. Pictet Asset Management Ltd. raised its position in shares of Sprint by 4.8% in the third quarter. Pictet Asset Management Ltd. now owns 320,234 shares of the cell phone carrier’s stock valued at $1,976,000 after buying an additional 14,600 shares during the last quarter. TIG Advisors LLC raised its position in shares of Sprint by 105.6% in the second quarter. TIG Advisors LLC now owns 3,483,407 shares of the cell phone carrier’s stock valued at $22,886,000 after buying an additional 1,789,015 shares during the last quarter. Ancora Advisors LLC acquired a new stake in shares of Sprint in the third quarter valued at about $118,000. Finally, Penserra Capital Management LLC raised its position in shares of Sprint by 25.0% in the third quarter. Penserra Capital Management LLC now owns 99,410 shares of the cell phone carrier’s stock valued at $613,000 after buying an additional 19,880 shares during the last quarter. 14.22% of the stock is currently 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.
Featured Article: Beige Book
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sprint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint and related companies with MarketBeat.com's FREE daily email newsletter.