-$0.02 Earnings Per Share Expected for Sprint Corporation (S) This Quarter

Wall Street brokerages expect Sprint Corporation (NYSE:S) to post earnings of ($0.02) per share for the current fiscal quarter, Zacks Investment Research reports. Eighteen analysts have made estimates for Sprint Corporation’s earnings, with the lowest EPS estimate coming in at ($0.13) and the highest estimate coming in at $0.04. Sprint Corporation reported earnings of ($0.04) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The firm is scheduled to report its next earnings results on Tuesday, October 24th.

According to Zacks, analysts expect that Sprint Corporation will report full year earnings of ($0.05) per share for the current year, with EPS estimates ranging from ($0.24) to $0.07. For the next financial year, analysts anticipate that the business will report earnings of $0.02 per share, with EPS estimates ranging from ($0.38) to $0.27. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Sprint Corporation.

Sprint Corporation (NYSE:S) last posted its quarterly earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.06. The business had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.14 billion. Sprint Corporation had a negative net margin of 2.08% and a negative return on equity of 3.66%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.08) earnings per share.

Several research firms recently commented on S. Wells Fargo & Company reiterated an “outperform” rating on shares of Sprint Corporation in a research report on Wednesday, August 2nd. Cowen and Company reiterated a “market perform” rating and issued a $6.50 price target on shares of Sprint Corporation in a research report on Tuesday. Barclays PLC reiterated a “neutral” rating and issued a $8.00 price target on shares of Sprint Corporation in a research report on Wednesday. BidaskClub downgraded shares of Sprint Corporation from a “hold” rating to a “sell” rating in a research report on Friday. Finally, UBS AG reiterated a “neutral” rating and issued a $9.00 price target on shares of Sprint Corporation in a research report on Wednesday, August 2nd. Seven research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $9.89.

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Sprint Corporation (NYSE S) traded up 3.49% on Friday, hitting $8.31. 12,658,570 shares of the company’s stock were exchanged. Sprint Corporation has a 12-month low of $5.83 and a 12-month high of $9.65. The company’s market cap is $33.21 billion. The company’s 50-day moving average price is $8.33 and its 200-day moving average price is $8.47.

In other news, VP Paul W. Schieber, Jr. sold 24,465 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $8.22, for a total transaction of $201,102.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

A number of large investors have recently modified their holdings of S. Wetherby Asset Management Inc. acquired a new stake in shares of Sprint Corporation during the second quarter worth approximately $100,000. Financial Counselors Inc. boosted its stake in shares of Sprint Corporation by 1.7% in the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock worth $100,000 after buying an additional 201 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Sprint Corporation during the second quarter worth approximately $108,000. Advisors Asset Management Inc. boosted its stake in shares of Sprint Corporation by 60.4% in the first quarter. Advisors Asset Management Inc. now owns 14,491 shares of the cell phone carrier’s stock worth $126,000 after buying an additional 5,459 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Sprint Corporation by 17.0% in the second quarter. Stratos Wealth Partners LTD. now owns 15,188 shares of the cell phone carrier’s stock worth $125,000 after buying an additional 2,210 shares during the last quarter. 14.35% of the stock is currently owned by hedge funds and other institutional investors.

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Sprint Corporation Company Profile

Sprint Corporation (Sprint) is a holding company. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It operates through two segments: Wireless and Wireline.

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Earnings History and Estimates for Sprint Corporation (NYSE:S)

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