Equities analysts forecast that Sprint Corp (NYSE:S) will post sales of $8.40 billion for the current quarter, according to Zacks. Twelve analysts have provided estimates for Sprint’s earnings, with the lowest sales estimate coming in at $8.14 billion and the highest estimate coming in at $8.82 billion. Sprint reported sales of $8.24 billion in the same quarter last year, which would suggest a positive year over year growth rate of 1.9%. The company is expected to issue its next quarterly earnings report on Friday, February 1st.
According to Zacks, analysts expect that Sprint will report full year sales of $33.10 billion for the current fiscal year, with estimates ranging from $32.72 billion to $33.59 billion. For the next year, analysts forecast that the firm will report sales of $33.27 billion, with estimates ranging from $32.37 billion to $34.31 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Sprint.
Sprint (NYSE:S) last announced its quarterly earnings data on Wednesday, October 31st. The cell phone carrier reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.06. The company had revenue of $8.43 billion during the quarter, compared to the consensus estimate of $7.95 billion. Sprint had a net margin of 23.12% and a return on equity of 1.36%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.01) EPS.
A number of equities analysts recently issued reports on the company. ValuEngine cut Sprint from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded Sprint from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Tuesday, November 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $5.70.
Shares of S traded down $0.04 during trading hours on Friday, reaching $6.01. The stock had a trading volume of 13,101,605 shares, compared to its average volume of 11,171,017. Sprint has a 12 month low of $4.81 and a 12 month high of $6.62. The company has a quick ratio of 1.05, a current ratio of 1.12 and a debt-to-equity ratio of 1.24. The stock has a market cap of $24.46 billion, a P/E ratio of 85.86, a P/E/G ratio of 5.52 and a beta of 0.64.
In other Sprint news, Director Ronald D. Fisher sold 327,525 shares of Sprint stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $6.20, for a total transaction of $2,030,655.00. Following the completion of the transaction, the director now owns 2,419,275 shares of the company’s stock, valued at approximately $14,999,505. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jorge Enrique Gracia sold 129,652 shares of Sprint stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $6.38, for a total value of $827,179.76. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Bristlecone Advisors LLC bought a new stake in shares of Sprint during the 4th quarter valued at about $58,000. Rehmann Capital Advisory Group boosted its position in shares of Sprint by 343.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 11,556 shares of the cell phone carrier’s stock valued at $1,767,000 after acquiring an additional 8,949 shares during the last quarter. Oakbrook Investments LLC bought a new stake in shares of Sprint during the 3rd quarter valued at about $102,000. Schroder Investment Management Group bought a new stake in shares of Sprint during the 3rd quarter valued at about $112,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Sprint by 1,223.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 19,855 shares of the cell phone carrier’s stock valued at $108,000 after acquiring an additional 18,355 shares during the last quarter. 12.95% of the stock is owned by institutional investors and hedge funds.
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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