Equities research analysts forecast that Sequans Communications SA (NYSE:SQNS) will announce earnings per share (EPS) of ($0.08) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Sequans Communications’ earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at ($0.07). Sequans Communications posted earnings of ($0.07) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 14.3%. The firm is expected to issue its next earnings results on Tuesday, May 1st.
On average, analysts expect that Sequans Communications will report full-year earnings of ($0.23) per share for the current year, with EPS estimates ranging from ($0.26) to ($0.19). For the next financial year, analysts anticipate that the company will post earnings of ($0.07) per share, with EPS estimates ranging from ($0.17) to $0.02. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Sequans Communications.
Sequans Communications (NYSE:SQNS) last announced its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). The business had revenue of $11.30 million for the quarter, compared to analysts’ expectations of $11.20 million. Sequans Communications had a negative return on equity of 314.69% and a negative net margin of 54.20%. The company’s revenue for the quarter was down 19.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) earnings per share.
Sequans Communications (SQNS) traded up $0.05 during trading on Monday, reaching $1.60. The company’s stock had a trading volume of 275,100 shares, compared to its average volume of 513,752. Sequans Communications has a one year low of $1.44 and a one year high of $4.75. The company has a debt-to-equity ratio of 4.12, a quick ratio of 1.16 and a current ratio of 1.42. The firm has a market capitalization of $128.04, a PE ratio of -4.71 and a beta of 2.36.
Hedge funds have recently modified their holdings of the business. Citadel Advisors LLC purchased a new position in shares of Sequans Communications during the fourth quarter worth about $198,000. Verition Fund Management LLC purchased a new position in shares of Sequans Communications during the second quarter worth about $220,000. Gradient Investments LLC grew its holdings in shares of Sequans Communications by 47.2% during the fourth quarter. Gradient Investments LLC now owns 165,825 shares of the semiconductor company’s stock worth $317,000 after purchasing an additional 53,184 shares during the last quarter. FNY Managed Accounts LLC grew its holdings in shares of Sequans Communications by 342.4% during the third quarter. FNY Managed Accounts LLC now owns 180,060 shares of the semiconductor company’s stock worth $565,000 after purchasing an additional 139,360 shares during the last quarter. Finally, Granite Point Capital Management L.P. grew its holdings in shares of Sequans Communications by 47.9% during the third quarter. Granite Point Capital Management L.P. now owns 339,700 shares of the semiconductor company’s stock worth $1,067,000 after purchasing an additional 110,000 shares during the last quarter. 27.65% of the stock is currently owned by institutional investors.
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Sequans Communications Company Profile
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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