Sprint Corp (NYSE:S) – Investment analysts at SunTrust Banks raised their FY2018 EPS estimates for Sprint in a research note issued on Sunday. SunTrust Banks analyst G. Miller now forecasts that the cell phone carrier will earn $1.80 per share for the year, up from their previous forecast of ($0.01). SunTrust Banks also issued estimates for Sprint’s Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at ($0.05) EPS, Q3 2019 earnings at ($0.08) EPS, Q4 2019 earnings at ($0.07) EPS, FY2019 earnings at ($0.20) EPS, Q1 2020 earnings at ($0.11) EPS, Q2 2020 earnings at ($0.09) EPS, Q3 2020 earnings at ($0.13) EPS and FY2020 earnings at ($0.45) EPS.

Sprint (NYSE:S) last released its quarterly earnings data on Friday, February 2nd. The cell phone carrier reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Sprint had a negative return on equity of 0.94% and a net margin of 21.41%. The firm had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $8.19 billion. During the same period last year, the business posted ($0.46) EPS. Sprint’s quarterly revenue was down 3.6% on a year-over-year basis.

Several other research firms also recently weighed in on S. ValuEngine downgraded Sprint from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Macquarie reaffirmed a “hold” rating and issued a $8.00 price objective on shares of Sprint in a research note on Thursday, October 26th. Nomura reaffirmed a “neutral” rating and issued a $7.00 price objective (down from $8.00) on shares of Sprint in a research note on Thursday, October 26th. BTIG Research raised their price objective on Sprint from $3.85 to $4.00 and gave the company a “sell” rating in a research note on Wednesday, October 18th. Finally, Zacks Investment Research downgraded Sprint from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Nine analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $6.11.

Sprint (NYSE S) traded down $0.13 during midday trading on Wednesday, reaching $5.24. The company had a trading volume of 13,617,883 shares, compared to its average volume of 19,445,621. Sprint has a 12-month low of $4.91 and a 12-month high of $9.44. The stock has a market cap of $20,640.00, a P/E ratio of 2.98 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.25.

Several hedge funds have recently bought and sold shares of S. Janus Henderson Group PLC boosted its holdings in shares of Sprint by 6,509.8% during the second quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock worth $58,944,000 after purchasing an additional 7,070,812 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in Sprint by 1,182.2% in the third quarter. Asset Management One Co. Ltd. now owns 1,235,281 shares of the cell phone carrier’s stock valued at $9,609,000 after acquiring an additional 1,138,942 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Sprint by 453.2% in the fourth quarter. SG Americas Securities LLC now owns 1,109,501 shares of the cell phone carrier’s stock valued at $6,535,000 after acquiring an additional 908,943 shares during the last quarter. Gabelli Funds LLC boosted its holdings in Sprint by 26.3% in the fourth quarter. Gabelli Funds LLC now owns 3,331,253 shares of the cell phone carrier’s stock valued at $19,621,000 after acquiring an additional 692,700 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new position in Sprint in the fourth quarter valued at $3,382,000. Institutional investors and hedge funds own 13.76% of the company’s stock.

In other news, insider Jorge Enrique Gracia sold 112,959 shares of the firm’s stock in a transaction on 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 owns 858,383 shares in the company, valued at $5,304,806.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Group Corp Softbank acquired 3,203,661 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $6.12 per share, for a total transaction of $19,606,405.32. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 61,601,426 shares of company stock worth $356,550,225 and have sold 913,236 shares worth $5,377,413. 0.18% of the stock is currently owned by corporate insiders.

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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.

Earnings History and Estimates for Sprint (NYSE:S)

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