Sprint Corp (NYSE:S) – Investment analysts at Jefferies Group issued their FY2018 earnings per share estimates for shares of Sprint in a research report issued to clients and investors on Monday. Jefferies Group analyst S. Goldman anticipates that the cell phone carrier will post earnings per share of $1.77 for the year. Jefferies Group currently has a “Underperform” rating and a $4.50 target price on the stock. Jefferies Group also issued estimates for Sprint’s Q4 2018 earnings at ($0.05) EPS, Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at ($0.04) EPS, Q3 2019 earnings at ($0.06) EPS, Q4 2019 earnings at $0.02 EPS, FY2019 earnings at ($0.06) EPS and FY2020 earnings at $0.02 EPS.
Sprint (NYSE:S) last issued its quarterly earnings results on Friday, February 2nd. The cell phone carrier reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ 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 company earned ($0.46) earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis.
Shares of Sprint (S) traded up $0.43 during midday trading on Wednesday, hitting $5.53. The company had a trading volume of 10,276,718 shares, compared to its average volume of 18,515,250. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Sprint has a 52-week low of $4.91 and a 52-week high of $9.44. The firm has a market capitalization of $20,400.00, a P/E ratio of 2.95 and a beta of 0.64.
A number of institutional investors have recently added to or reduced their stakes in S. Janus Henderson Group PLC lifted its position in Sprint by 6,509.8% during the 2nd quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock worth $58,944,000 after acquiring an additional 7,070,812 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Sprint by 1,182.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,235,281 shares of the cell phone carrier’s stock worth $9,609,000 after acquiring an additional 1,138,942 shares in the last quarter. SG Americas Securities LLC lifted its position in Sprint by 453.2% during the 4th quarter. SG Americas Securities LLC now owns 1,109,501 shares of the cell phone carrier’s stock worth $6,535,000 after acquiring an additional 908,943 shares in the last quarter. Gabelli Funds LLC increased its holdings in Sprint by 26.3% during the 4th quarter. Gabelli Funds LLC now owns 3,331,253 shares of the cell phone carrier’s stock worth $19,621,000 after purchasing an additional 692,700 shares during the last quarter. Finally, Cerebellum GP LLC purchased a new stake in Sprint during the 4th quarter worth approximately $3,382,000. 13.76% of the stock is currently owned by hedge funds and other institutional investors.
In related news, major shareholder Group Corp Softbank purchased 2,102,152 shares of Sprint stock in a transaction that occurred on Friday, December 28th. The shares were purchased at an average cost of $5.92 per share, with a total value of $12,444,739.84. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dow Draper sold 292,707 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $5.71, for a total value of $1,671,356.97. Following the transaction, the insider now directly owns 1,165,158 shares in the company, valued at $6,653,052.18. The disclosure for this sale can be found here. Over the last three months, insiders acquired 65,924,416 shares of company stock worth $383,395,993 and sold 913,236 shares worth $5,377,413. 0.18% of the stock is currently owned by company insiders.
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Sprint Company Profile
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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