Economy

Analysts Issue Forecasts for Sprint Corporation's FY2021 Earnings (S)

SunTrust Banks also issued estimates for Sprint Corporation's Q1 2019 earnings at ($0.05) EPS, Q2 2019 earnings at ($0.10) EPS and FY2019 earnings at ($0.28) EPS. Cowen and Company reiterated a "hold" rating and set a $6.50 price objective on shares of Sprint Corporation in a research report on Wednesday, July 19th. Finally, Naya Capital Management UK Ltd. lifted its position in shares of Sprint Corporation by 67.1% in the 2nd quarter. Wells Fargo & Co. reissued a "buy" rating on shares of Sprint Corp in a research note on Sunday, September 11th. Advisors Asset Management Inc. increased its position in Sprint Corporation by 2.2% during the 2nd quarter. Summit Securities Group LLC acquired a new position in shares of Sprint Corporation during the 2nd quarter valued at $108,000. Nomura reiterated a "neutral" rating and set a $7.00 price target (down previously from $8.00) on shares of Sprint Corporation in a research note on Thursday, October 26th. Finally, Vanguard Group Inc. increased its position in Sprint Corporation by 5.1% in the first quarter. Vanguard Group Inc. grew its position in shares of Sprint Corporation by 0.8% during the 2nd quarter.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Primecap Management Co. CA now owns 36,561,800 shares of the cell phone carrier's stock valued at $165,625,000 after buying an additional 7,671,300 shares in the last quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier's stock valued at $100,000 after acquiring an additional 201 shares during the period. BlackRock Fund Advisors now owns 17,746,561 shares of the cell phone carrier's stock valued at $80,392,000 after buying an additional 3,676,883 shares in the last quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier's stock valued at $58,944,000 after acquiring an additional 7,070,812 shares during the period.

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Sprint Corp (NYSE:S) last released its quarterly earnings results on Monday, July 25th. The company reported the earnings of $-0.21/Share in the last quarter where the estimated EPS by analysts was $-0.33/share. The company presently has a consensus rating of "Hold" and an average target price of $10.26. The Stock now has a Weekly Volatility of 5.88% and Monthly Volatility of 3.82%. Currently, Sprint Corporation (NYSE:S) has an average volume of 14.03 Million. The firm's 50-day moving average price is $6.53 and its 200-day moving average price is $4.88. The cell phone carrier reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01.

Shares of Sprint Corporation (NYSE:S) now have an Average Brokerage Recommendation of 3.42, number of Recs in ABR is 18 while industry rank of the company by ABR is 175 out of 265.

Analysts believe that the company has the potential to earn average revenue of $8.69 Billion for the current quarter.

While having a peek at profitability ratios Sprint Corporation (NYSE:S) has trailing twelve month gross margin at 57.8%, its trailing twelve month operating margin stands at 5.3% whereas its trailing twelve month net profit margin spots at -3.6%. According to these analysts, the Low Revenue Estimate for Sprint Corporation is 8.46 Billion and the High Revenue Estimate is 8.84 Billion. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are created to meet the needs of consumers, businesses, government subscribers and resellers. It operates in two segments: Wireless and Wireline.



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