Sprint (S) Receives Underperform Rating from William Blair

Sprint (NYSE:S)‘s stock had its “underperform” rating reiterated by William Blair in a research report issued to clients and investors on Monday. William Blair also issued estimates for Sprint’s FY2020 earnings at $0.17 EPS.

Several other research analysts also recently weighed in on the stock. ValuEngine downgraded shares of Sprint from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Zacks Investment Research raised shares of Sprint from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research report on Tuesday, November 27th. Finally, Cowen reissued a “hold” rating and issued a $4.50 target price on shares of Sprint in a research report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $5.83.

NYSE S opened at $6.14 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.07 and a current ratio of 1.16. Sprint has a 12 month low of $4.81 and a 12 month high of $6.62. The company has a market capitalization of $24.00 billion, a P/E ratio of 87.71, a price-to-earnings-growth ratio of 5.84 and a beta of 0.53.

Sprint (NYSE:S) last released its earnings results on Thursday, January 31st. The cell phone carrier reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Sprint had a return on equity of 1.08% and a net margin of 0.90%. The business had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.40 billion. During the same quarter in the previous year, the firm earned $1.76 earnings per share. On average, research analysts expect that Sprint will post 0.05 EPS for the current fiscal year.

In other news, Director Ronald D. Fisher sold 327,525 shares of Sprint stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $6.20, for a total value of $2,030,655.00. Following the transaction, the director now directly owns 2,419,275 shares of the company’s stock, valued at $14,999,505. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.39% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its position in Sprint by 2,277.5% during the third quarter. Renaissance Technologies LLC now owns 11,366,643 shares of the cell phone carrier’s stock valued at $74,338,000 after purchasing an additional 10,888,543 shares in the last quarter. Morgan Stanley grew its position in Sprint by 145.5% during the third quarter. Morgan Stanley now owns 8,604,661 shares of the cell phone carrier’s stock valued at $56,275,000 after purchasing an additional 5,100,266 shares in the last quarter. Alpine Associates Management Inc. grew its position in Sprint by 298.9% in the third quarter. Alpine Associates Management Inc. now owns 7,206,000 shares of the cell phone carrier’s stock worth $47,126,000 after acquiring an additional 5,399,600 shares in the last quarter. Northern Trust Corp grew its position in Sprint by 2.6% in the fourth quarter. Northern Trust Corp now owns 5,571,151 shares of the cell phone carrier’s stock worth $32,425,000 after acquiring an additional 140,090 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in Sprint by 2.9% in the third quarter. TIAA CREF Investment Management LLC now owns 4,585,969 shares of the cell phone carrier’s stock worth $29,992,000 after acquiring an additional 127,824 shares in the last quarter. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

Sprint Company Profile

Sprint Corporation, together with 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 United States Virgin Islands. It operates in two segments, Wireless and Wireline.

See Also: Earnings Reports

Analyst Recommendations for Sprint (NYSE:S)

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