Sprint Corp (NYSE:S) – Research analysts at KeyCorp decreased their Q3 2018 earnings estimates for shares of Sprint in a research report issued on Monday, Zacks Investment Research reports. KeyCorp analyst B. Nispel now anticipates that the cell phone carrier will post earnings of ($0.12) per share for the quarter, down from their previous forecast of ($0.09). KeyCorp has a “Underweight” rating and a $5.00 price objective on the stock. KeyCorp also issued estimates for Sprint’s Q4 2018 earnings at ($0.03) EPS, FY2018 earnings at ($0.11) EPS and FY2019 earnings at ($0.12) EPS.
Sprint (NYSE:S) last issued its quarterly earnings data on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Sprint had a negative return on equity of 3.19% and a negative net margin of 1.82%. The company had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $8.05 billion. During the same quarter last year, the company earned ($0.04) earnings per share. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year.
Several other equities research analysts also recently weighed in on S. Moffett Nathanson reissued a “sell” rating on shares of Sprint in a report on Thursday, October 12th. Oppenheimer reissued a “hold” rating on shares of Sprint in a report on Wednesday, September 20th. TheStreet downgraded Sprint from a “c-” rating to a “d+” rating in a report on Tuesday, December 19th. Zacks Investment Research downgraded Sprint from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Vetr downgraded Sprint from a “strong-buy” rating to a “buy” rating and set a $5.90 price target for the company. in a report on Thursday, January 4th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.72.
Shares of Sprint (S) traded up $0.07 during mid-day trading on Thursday, reaching $5.69. The company had a trading volume of 17,627,301 shares, compared to its average volume of 18,925,201. Sprint has a 12 month low of $5.42 and a 12 month high of $9.65. The company has a market capitalization of $22,760.00, a P/E ratio of -37.93 and a beta of 0.79. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.03 and a current ratio of 1.10.
A number of hedge funds have recently made changes to their positions in S. Financial Counselors Inc. increased its position in shares of Sprint by 1.7% in the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock valued at $100,000 after buying an additional 201 shares in the last quarter. Commerce Bank purchased a new stake in shares of Sprint in the third quarter valued at approximately $100,000. Advisors Asset Management Inc. increased its position in shares of Sprint by 2.2% in the second quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier’s stock valued at $122,000 after buying an additional 318 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Sprint in the third quarter valued at approximately $141,000. Finally, Americafirst Capital Management LLC purchased a new stake in shares of Sprint in the third quarter valued at approximately $156,000. Institutional investors own 13.74% of the company’s stock.
In related news, major shareholder Group Corp Softbank purchased 5,348,176 shares of Sprint stock in a transaction that occurred on Tuesday, January 9th. The stock was bought at an average cost of $5.82 per share, for a total transaction of $31,126,384.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Paul W. Schieber, Jr. sold 144,041 shares of Sprint stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $5.74, for a total value of $826,795.34. Following the transaction, the vice president now owns 204,168 shares of the company’s stock, valued at $1,171,924.32. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 60,020,155 shares of company stock valued at $351,291,248 and have sold 913,236 shares valued at $5,377,413. Insiders own 0.18% of the company’s stock.
Sprint 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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