Sprint Corp (NYSE:S) – Stock analysts at KeyCorp issued their Q1 2020 EPS estimates for Sprint in a research note issued to investors on Monday, January 21st. KeyCorp analyst B. Nispel anticipates that the cell phone carrier will post earnings of $0.03 per share for the quarter. KeyCorp also issued estimates for Sprint’s Q2 2020 earnings at $0.04 EPS, Q3 2020 earnings at ($0.04) EPS and Q4 2020 earnings at ($0.07) EPS.

Sprint (NYSE:S) last announced its quarterly earnings data on Wednesday, October 31st. The cell phone carrier reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. The business had revenue of $8.43 billion for the quarter, compared to the consensus estimate of $7.95 billion. Sprint had a net margin of 23.12% and a return on equity of 1.36%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) earnings per share.

Several other equities analysts also recently issued reports on the stock. ValuEngine downgraded shares of Sprint from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Zacks Investment Research raised shares of Sprint from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research note on Tuesday, November 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $5.70.

Shares of S opened at $6.17 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.05 and a debt-to-equity ratio of 1.24. The company has a market cap of $24.30 billion, a P/E ratio of 88.14, a PEG ratio of 5.48 and a beta of 0.64. Sprint has a 1 year low of $4.81 and a 1 year high of $6.62.

In other news, insider Jorge Enrique Gracia sold 129,652 shares of the firm’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $6.38, for a total value of $827,179.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald D. Fisher sold 327,525 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $6.20, for a total transaction of $2,030,655.00. Following the completion of the transaction, the director now directly owns 2,419,275 shares in the company, valued at approximately $14,999,505. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Several hedge funds have recently modified their holdings of S. FMR LLC raised its stake in shares of Sprint by 6.0% in the 2nd quarter. FMR LLC now owns 3,049,175 shares of the cell phone carrier’s stock valued at $16,588,000 after acquiring an additional 172,400 shares during the period. Renaissance Technologies LLC raised its stake in shares of Sprint by 70.4% in the 2nd quarter. Renaissance Technologies LLC now owns 478,100 shares of the cell phone carrier’s stock valued at $2,601,000 after acquiring an additional 197,607 shares during the period. Raymond James & Associates raised its stake in shares of Sprint by 94.6% in the 2nd quarter. Raymond James & Associates now owns 93,176 shares of the cell phone carrier’s stock valued at $507,000 after acquiring an additional 45,286 shares during the period. Voya Investment Management LLC raised its stake in shares of Sprint by 122.6% in the 2nd quarter. Voya Investment Management LLC now owns 135,680 shares of the cell phone carrier’s stock valued at $738,000 after acquiring an additional 74,718 shares during the period. Finally, Vident Investment Advisory LLC purchased a new position in shares of Sprint in the 2nd quarter valued at $232,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for Sprint (NYSE:S)

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