Brokerages expect that Sprint Corporation (NYSE:S) will report $8.23 billion in sales for the current quarter, Zacks Investment Research reports. Fifteen analysts have made estimates for Sprint’s earnings, with estimates ranging from $7.98 billion to $8.57 billion. Sprint reported sales of $8.55 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 3.7%. The firm is expected to report its next quarterly earnings report on Tuesday, January 30th.

On average, analysts expect that Sprint will report full-year sales of $8.23 billion for the current fiscal year, with estimates ranging from $31.97 billion to $33.28 billion. For the next year, analysts anticipate that the business will post sales of $32.98 billion per share, with estimates ranging from $31.69 billion to $34.18 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Sprint.

Sprint (NYSE:S) last posted its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $8.05 billion. Sprint had a negative net margin of 1.82% and a negative return on equity of 3.19%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) earnings per share.

Several equities analysts have commented on S shares. Cowen reissued a “market perform” rating and set a $6.50 target price on shares of Sprint in a research report on Tuesday, August 8th. Barclays reissued a “neutral” rating and set a $8.00 target price on shares of Sprint in a research report on Wednesday, August 9th. BidaskClub downgraded shares of Sprint from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Oppenheimer reissued a “hold” rating on shares of Sprint in a research report on Wednesday, September 20th. Finally, Zacks Investment Research raised shares of Sprint from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research report on Tuesday, October 3rd. Eight investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $7.19.

Sprint (NYSE:S) traded down $0.21 during trading on Wednesday, reaching $5.74. 15,245,301 shares of the company’s stock traded hands, compared to its average volume of 15,118,537. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.03 and a current ratio of 1.10. Sprint has a 52-week low of $5.62 and a 52-week high of $9.65.

In related news, insider Jorge Enrique Gracia sold 112,959 shares of Sprint stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $6.18, for a total transaction of $698,086.62. Following the sale, the insider now directly owns 858,383 shares of the company’s stock, valued at $5,304,806.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Group Corp Softbank bought 4,322,990 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average cost of $6.21 per share, for a total transaction of $26,845,767.90. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 18,651,252 shares of company stock worth $112,608,289. 0.18% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Financial Counselors Inc. lifted its stake in Sprint by 1.7% during the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock worth $100,000 after purchasing an additional 201 shares during the period. Wetherby Asset Management Inc. bought a new position in Sprint during the second quarter worth about $100,000. Commerce Bank bought a new position in Sprint during the third quarter worth about $100,000. Summit Securities Group LLC bought a new position in Sprint during the second quarter worth about $108,000. Finally, Advisors Asset Management Inc. lifted its stake in Sprint by 2.2% during the second quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier’s stock worth $122,000 after purchasing an additional 318 shares during the period. 13.74% of the stock is currently owned by institutional investors and hedge funds.

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About Sprint

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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Earnings History and Estimates for Sprint (NYSE:S)

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