Equities analysts expect that Sprint Co. (NYSE:S) will announce earnings of ($0.06) per share for the current quarter, according to Zacks Investment Research. Fifteen analysts have provided estimates for Sprint’s earnings. The lowest EPS estimate is ($0.14) and the highest is $0.01. Sprint posted earnings of ($0.07) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The firm is scheduled to announce its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Sprint will report full-year earnings of $1.61 per share for the current financial year, with EPS estimates ranging from ($0.10) to $1.81. For the next fiscal year, analysts forecast that the business will report earnings of ($0.08) per share, with EPS estimates ranging from ($0.53) to $0.10. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Sprint.
Sprint (NYSE:S) last released its quarterly earnings data on Friday, February 2nd. The cell phone carrier reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $8.19 billion. Sprint had a negative return on equity of 0.94% and a net margin of 21.41%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.46) EPS.
Shares of S stock traded down $0.01 on Thursday, reaching $5.87. 5,086,585 shares of the stock were exchanged, compared to its average volume of 14,980,679. The company has a market cap of $24,018.23, a price-to-earnings ratio of -20.96 and a beta of 0.68. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.25. Sprint has a 1-year low of $4.81 and a 1-year high of $9.22.
Several institutional investors have recently modified their holdings of S. Macquarie Group Ltd. raised its stake in shares of Sprint by 518.9% in the 3rd quarter. Macquarie Group Ltd. now owns 29,832 shares of the cell phone carrier’s stock valued at $232,000 after purchasing an additional 25,012 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Sprint by 21.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,399,854 shares of the cell phone carrier’s stock valued at $10,891,000 after purchasing an additional 251,351 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Sprint by 39.4% in the 3rd quarter. Stifel Financial Corp now owns 230,782 shares of the cell phone carrier’s stock valued at $1,797,000 after purchasing an additional 65,224 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Sprint by 5.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 233,970 shares of the cell phone carrier’s stock valued at $1,378,000 after purchasing an additional 11,800 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Sprint in the 4th quarter valued at about $292,000. Institutional investors and hedge funds own 13.63% of the company’s stock.
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Sprint Company Profile
Sprint Corporation, through its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates in two segments, Wireless and Wireline.
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