Brokerages Expect Sprint Corp (S) to Announce $0.01 Earnings Per Share

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Analysts forecast that Sprint Corp (NYSE:S) will announce earnings per share of $0.01 for the current fiscal quarter, according to Zacks. Fourteen analysts have made estimates for Sprint’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at ($0.07). Sprint reported earnings per share of $0.05 during the same quarter last year, which would suggest a negative year over year growth rate of 80%. The company is scheduled to issue its next quarterly earnings report on Tuesday, August 7th.

On average, analysts expect that Sprint will report full year earnings of ($0.04) per share for the current year, with EPS estimates ranging from ($0.32) to $0.15. For the next financial year, analysts expect that the business will report earnings of ($0.01) per share, with EPS estimates ranging from ($0.46) to $0.27. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Sprint.

Sprint (NYSE:S) last announced its earnings results on Wednesday, May 2nd. The cell phone carrier reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.09. The firm had revenue of $8.08 billion during the quarter, compared to analyst estimates of $7.99 billion. Sprint had a net margin of 22.80% and a return on equity of 0.69%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) EPS.

A number of equities analysts have recently commented on the stock. Raymond James upgraded shares of Sprint from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $5.19 to $7.50 in a research note on Wednesday. ValuEngine downgraded shares of Sprint from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 16th. SunTrust Banks reduced their price objective on shares of Sprint to $6.50 and set a “hold” rating for the company in a research note on Tuesday, May 8th. Jefferies Financial Group upgraded shares of Sprint from an “underperform” rating to a “hold” rating and set a $4.50 price objective for the company in a research note on Tuesday, May 1st. Finally, Citigroup increased their price objective on shares of Sprint from $6.50 to $7.00 and gave the stock a “neutral” rating in a research note on Monday, April 30th. Six equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $5.93.

Shares of Sprint stock traded up $0.03 during trading hours on Friday, reaching $5.49. 12,451,323 shares of the company’s stock were exchanged, compared to its average volume of 10,790,390. Sprint has a fifty-two week low of $4.81 and a fifty-two week high of $8.92. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.32 and a quick ratio of 1.23. The company has a market cap of $21.98 billion, a price-to-earnings ratio of 137.25 and a beta of 0.63.

In other news, insider John Saw sold 88,319 shares of the firm’s stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $6.50, for a total transaction of $574,073.50. Following the transaction, the insider now directly owns 1,149,057 shares of the company’s stock, valued at $7,468,870.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Westside Investment Management Inc. boosted its position in shares of Sprint by 872.7% during the 4th quarter. Westside Investment Management Inc. now owns 17,490 shares of the cell phone carrier’s stock worth $101,000 after acquiring an additional 15,692 shares in the last quarter. BancorpSouth Bank acquired a new stake in shares of Sprint during the 4th quarter worth approximately $104,000. Delpha Capital Management LLC acquired a new stake in shares of Sprint during the 4th quarter worth approximately $131,000. Wetherby Asset Management Inc. acquired a new stake in shares of Sprint during the 1st quarter worth approximately $126,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Sprint during the 4th quarter worth approximately $157,000. 12.70% of the stock is currently owned by institutional investors.

Sprint Company Profile

Sprint Corporation, through 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 U.S. Virgin Islands. The company operates in two segments, Wireless and Wireline.

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Earnings History and Estimates for Sprint (NYSE:S)

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