Sprint Corporation (NYSE:S) – Research analysts at SunTrust Banks upped their Q2 2018 earnings per share estimates for Sprint Corporation in a note issued to investors on Tuesday. SunTrust Banks analyst G. Miller now forecasts that the cell phone carrier will post earnings of $0.02 per share for the quarter, up from their previous estimate of ($0.02). SunTrust Banks currently has a “Hold” rating and a $9.00 target price on the stock. SunTrust Banks also issued estimates for Sprint Corporation’s Q3 2018 earnings at ($0.05) EPS, Q4 2018 earnings at $0.00 EPS, FY2018 earnings at $0.01 EPS, Q1 2019 earnings at ($0.02) EPS, Q3 2019 earnings at ($0.10) EPS, Q4 2019 earnings at ($0.03) EPS and FY2019 earnings at ($0.21) EPS.

Sprint Corporation (NYSE:S) last posted its earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.14 billion. Sprint Corporation had a negative return on equity of 3.66% and a negative net margin of 2.08%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the company earned ($0.08) earnings per share. TRADEMARK VIOLATION NOTICE: “Equities Analysts Offer Predictions for Sprint Corporation’s Q2 2018 Earnings (S)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/08/04/equities-analysts-offer-predictions-for-sprint-corporations-q2-2018-earnings-s.html.

Other equities research analysts have also issued research reports about the company. BidaskClub lowered Sprint Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Vetr downgraded Sprint Corporation from a “strong-buy” rating to a “buy” rating and set a $9.26 target price on the stock. in a report on Monday, April 10th. TheStreet upgraded Sprint Corporation from a “d+” rating to a “c+” rating in a report on Wednesday, May 3rd. Royal Bank Of Canada reiterated a “hold” rating and set a $8.00 target price on shares of Sprint Corporation in a report on Sunday, July 9th. Finally, ValuEngine upgraded Sprint Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. Sprint Corporation presently has a consensus rating of “Hold” and a consensus price target of $9.78.

Sprint Corporation (NYSE:S) traded up 1.87% during trading on Friday, reaching $8.70. The company’s stock had a trading volume of 9,772,712 shares. The stock has a 50-day moving average price of $8.25 and a 200 day moving average price of $8.49. The company’s market cap is $34.74 billion. Sprint Corporation has a 52-week low of $5.83 and a 52-week high of $9.65. Sprint Corporation also saw some unusual options trading on Wednesday. Stock traders acquired 2,058 put options on the company. This is an increase of approximately 459% compared to the typical volume of 368 put options.

In related news, VP Paul W. Schieber, Jr. sold 24,465 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Ronald Blue & Co. LLC boosted its position in Sprint Corporation by 1.1% in the first quarter. Ronald Blue & Co. LLC now owns 21,322 shares of the cell phone carrier’s stock worth $185,000 after buying an additional 222 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Sprint Corporation 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. Pacer Advisors Inc. boosted its stake in Sprint Corporation by 1.9% in the first quarter. Pacer Advisors Inc. now owns 25,756 shares of the cell phone carrier’s stock valued at $223,000 after buying an additional 483 shares in the last quarter. World Asset Management Inc boosted its stake in Sprint Corporation by 2.9% in the first quarter. World Asset Management Inc now owns 24,645 shares of the cell phone carrier’s stock valued at $214,000 after buying an additional 693 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Sprint Corporation by 5.8% in the first quarter. Mackenzie Financial Corp now owns 15,701 shares of the cell phone carrier’s stock valued at $136,000 after buying an additional 854 shares in the last quarter. 14.33% of the stock is owned by institutional investors and hedge funds.

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.

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

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