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.
TRADEMARK VIOLATION NOTICE: This news story was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://sportsperspectives.com/2017/08/12/0-02-earnings-per-share-expected-for-sprint-corporation-s-this-quarter.html.
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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sprint Corporation Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Sprint Corporation and related companies with MarketBeat.com’s FREE daily email newsletter.