Sprint Corporation (S) Scheduled to Post Quarterly Earnings on Monday
Sprint Corporation (NYSE:S) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, October 23rd.
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 consensus estimate of ($0.01) by $0.06. The firm 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 firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.08) earnings per share. On average, analysts expect Sprint Corporation to post $-0.03 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Sprint Corporation (NYSE:S) opened at 7.12 on Monday. Sprint Corporation has a 12-month low of $5.83 and a 12-month high of $9.65. The stock’s market capitalization is $28.46 billion. The company’s 50-day moving average is $7.81 and its 200 day moving average is $8.20.
Several analysts recently weighed in on S shares. Zacks Investment Research upgraded shares of Sprint Corporation from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a research report on Tuesday, October 10th. Deutsche Bank AG dropped their price target on shares of Sprint Corporation from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Tuesday, October 10th. Cowen and Company restated a “market perform” rating and set a $6.50 price target on shares of Sprint Corporation in a research report on Wednesday, August 2nd. Jefferies Group LLC restated an “underperform” rating on shares of Sprint Corporation in a research report on Friday, June 30th. Finally, J P Morgan Chase & Co restated a “neutral” rating on shares of Sprint Corporation in a research report on Wednesday, June 28th. Six investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Sprint Corporation presently has an average rating of “Hold” and an average price target of $10.10.
About Sprint Corporation
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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