Paul W. Schieber, Jr. Sells 144,041 Shares of Sprint Corp (S) Stock
Sprint Corp (NYSE:S) VP Paul W. Schieber, Jr. sold 144,041 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $5.74, for a total value of $826,795.34. Following the completion of the transaction, the vice president now directly owns 204,168 shares in the company, valued at $1,171,924.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Sprint Corp (NYSE:S) opened at $5.49 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.80. Sprint Corp has a 1-year low of $5.42 and a 1-year high of $9.65.
Sprint (NYSE:S) last issued its quarterly earnings data on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. Sprint had a negative return on equity of 3.19% and a negative net margin of 1.82%. The company had revenue of $7.93 billion for the quarter, compared to analyst estimates of $8.05 billion. During the same period last year, the company earned ($0.04) earnings per share. Sprint’s quarterly revenue was down 3.9% compared to the same quarter last year. equities research analysts predict that Sprint Corp will post -0.02 EPS for the current year.
S has been the topic of several analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Sprint in a report on Wednesday, October 11th. Zacks Investment Research lowered Sprint from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Macquarie reaffirmed a “hold” rating and set a $8.00 target price on shares of Sprint in a report on Thursday, October 26th. Deutsche Bank dropped their target price on Sprint from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Tuesday, October 10th. Finally, Nomura reaffirmed a “neutral” rating and set a $7.00 target price (down from $8.00) on shares of Sprint in a report on Thursday, October 26th. Eight research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $7.10.
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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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