Zacks: Analysts Anticipate Sequans Communications SA (SQNS) to Announce -$0.08 Earnings Per Share
Brokerages expect Sequans Communications SA (NYSE:SQNS) to announce earnings per share (EPS) of ($0.08) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Sequans Communications’ earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at ($0.07). Sequans Communications reported earnings per share of ($0.07) in the same quarter last year, which suggests a negative year over year growth rate of 14.3%. The business is expected to announce its next earnings report on Tuesday, May 1st.
On average, analysts expect that Sequans Communications will report full-year earnings of ($0.24) per share for the current fiscal year, with EPS estimates ranging from ($0.27) to ($0.19). For the next fiscal year, analysts expect that the firm will post earnings of ($0.08) per share, with EPS estimates ranging from ($0.17) to ($0.02). Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Sequans Communications.
Sequans Communications (NYSE:SQNS) last issued its earnings results on Tuesday, February 13th. The semiconductor company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). Sequans Communications had a negative net margin of 54.20% and a negative return on equity of 314.69%. The business had revenue of $11.30 million for the quarter, compared to analyst estimates of $11.20 million. During the same period in the previous year, the business earned ($0.06) EPS. The firm’s revenue was down 19.3% on a year-over-year basis.
Shares of Sequans Communications (NYSE SQNS) remained flat at $$1.84 during trading on Thursday. 163,648 shares of the stock traded hands, compared to its average volume of 333,028. The company has a current ratio of 1.42, a quick ratio of 1.16 and a debt-to-equity ratio of 4.12. Sequans Communications has a fifty-two week low of $1.44 and a fifty-two week high of $4.75.
Large investors have recently added to or reduced their stakes in the business. FNY Managed Accounts LLC boosted its position in Sequans Communications by 342.4% in the third quarter. FNY Managed Accounts LLC now owns 180,060 shares of the semiconductor company’s stock valued at $565,000 after buying an additional 139,360 shares in the last quarter. Granite Point Capital Management L.P. boosted its position in Sequans Communications by 47.9% in the third quarter. Granite Point Capital Management L.P. now owns 339,700 shares of the semiconductor company’s stock valued at $1,067,000 after buying an additional 110,000 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in Sequans Communications by 18.5% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 918,053 shares of the semiconductor company’s stock valued at $2,883,000 after buying an additional 143,203 shares in the last quarter. Gradient Investments LLC boosted its position in Sequans Communications by 47.2% in the fourth quarter. Gradient Investments LLC now owns 165,825 shares of the semiconductor company’s stock valued at $317,000 after buying an additional 53,184 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in Sequans Communications in the fourth quarter valued at about $198,000. Hedge funds and other institutional investors own 25.64% of the company’s stock.
About Sequans Communications
Sequans Communications SA is a fabless designer, developer and supplier of fourth Generation long term evolution (4G LTE) semiconductor solutions for wireless broadband applications, with a specific focus on the single-mode device market. Its semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques, algorithms and software stacks.
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