Brokerages expect Sequans Communications SA (NYSE:SQNS) to report earnings per share (EPS) of ($0.07) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Sequans Communications’ earnings. Sequans Communications reported earnings per share of ($0.08) in the same quarter last year, which indicates a positive year-over-year growth rate of 12.5%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, May 9th.

On average, analysts expect that Sequans Communications will report full-year earnings of ($0.22) per share for the current financial year, with EPS estimates ranging from ($0.23) to ($0.20). For the next fiscal year, analysts expect that the company will report earnings of ($0.05) per share, with EPS estimates ranging from ($0.07) to ($0.03). Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Sequans Communications.

Sequans Communications (NYSE:SQNS) last released its earnings results on Tuesday, February 19th. The semiconductor company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.02). Sequans Communications had a negative return on equity of 523.25% and a negative net margin of 91.72%. The business had revenue of $6.10 million during the quarter, compared to analysts’ expectations of $10.39 million. During the same period last year, the business earned ($0.07) earnings per share. The company’s revenue for the quarter was down 46.0% compared to the same quarter last year.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Sequans Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, January 1st. Needham & Company LLC reissued a “buy” rating and issued a $1.75 target price on shares of Sequans Communications in a research note on Wednesday, February 20th. Finally, Robert W. Baird reissued a “buy” rating on shares of Sequans Communications in a research note on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Sequans Communications presently has a consensus rating of “Buy” and a consensus price target of $1.97.

SQNS traded down $0.02 during trading on Friday, reaching $1.08. The company’s stock had a trading volume of 41,459 shares, compared to its average volume of 121,385. The company has a debt-to-equity ratio of 4.36, a current ratio of 1.64 and a quick ratio of 1.31. Sequans Communications has a 1 year low of $0.75 and a 1 year high of $2.24. The firm has a market capitalization of $86.72 million, a price-to-earnings ratio of -3.01 and a beta of 3.06.

A hedge fund recently bought a new stake in Sequans Communications stock. FMR LLC purchased a new stake in shares of Sequans Communications SA (NYSE:SQNS) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 393,300 shares of the semiconductor company’s stock, valued at approximately $558,000. FMR LLC owned 0.49% of Sequans Communications as of its most recent filing with the SEC. 37.08% of the stock is owned by institutional investors.

About Sequans Communications

Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband and Internet of Things applications. Its solutions incorporate baseband processor and radio frequency (RF) transceiver integrated circuits along with proprietary signal processing techniques, algorithms, and software stacks.

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