Brokerages Expect Sequans Communications SA (NYSE:SQNS) Will Post Quarterly Sales of $8.55 Million

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Wall Street brokerages expect that Sequans Communications SA (NYSE:SQNS) will report sales of $8.55 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Sequans Communications’ earnings, with estimates ranging from $8.09 million to $9.00 million. Sequans Communications posted sales of $12.66 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 32.5%. The firm is scheduled to report its next quarterly earnings report on Tuesday, July 30th.

On average, analysts expect that Sequans Communications will report full-year sales of $41.68 million for the current year, with estimates ranging from $40.26 million to $43.10 million. For the next fiscal year, analysts expect that the company will post sales of $78.62 million, with estimates ranging from $71.84 million to $85.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Sequans Communications.

Sequans Communications (NYSE:SQNS) last announced its quarterly earnings data on Thursday, May 9th. The semiconductor company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.01). Sequans Communications had a negative return on equity of 5,061.35% and a negative net margin of 103.20%. The company had revenue of $7.00 million for the quarter, compared to analyst estimates of $8.17 million. During the same period last year, the business earned ($0.08) EPS. The business’s quarterly revenue was down 37.5% compared to the same quarter last year.

A number of equities analysts recently issued reports on SQNS shares. Robert W. Baird reiterated a “buy” rating on shares of Sequans Communications in a report on Tuesday, February 19th. Needham & Company LLC reiterated a “buy” rating and issued a $1.75 target price on shares of Sequans Communications in a report on Wednesday, February 20th. Zacks Investment Research cut Sequans Communications from a “hold” rating to a “sell” rating in a report on Saturday, February 23rd. Finally, Roth Capital set a $3.00 target price on Sequans Communications and gave the stock a “buy” rating in a report on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Sequans Communications currently has an average rating of “Buy” and an average target price of $2.23.

A hedge fund recently raised its stake in Sequans Communications stock. Divisar Capital Management LLC increased its position in Sequans Communications SA (NYSE:SQNS) by 30.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,170,592 shares of the semiconductor company’s stock after purchasing an additional 1,653,976 shares during the period. Sequans Communications makes up 1.8% of Divisar Capital Management LLC’s investment portfolio, making the stock its 21st largest holding. Divisar Capital Management LLC owned about 8.96% of Sequans Communications worth $5,593,000 at the end of the most recent quarter. Institutional investors own 36.21% of the company’s stock.

Shares of SQNS traded up $0.02 during trading hours on Friday, reaching $0.90. The stock had a trading volume of 381,972 shares, compared to its average volume of 121,211. Sequans Communications has a 12 month low of $0.75 and a 12 month high of $2.19. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 4.36. The stock has a market cap of $72.03 million, a P/E ratio of -2.50 and a beta of 2.96.

About Sequans Communications

Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband and Internet of Things applications. Its solutions incorporate baseband processor and radio frequency (RF) transceiver integrated circuits along with proprietary signal processing techniques, algorithms, and software stacks.

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