Wall Street brokerages expect Sequans Communications S.A. (NYSE:SQNS) to post earnings of ($0.05) per share for the current quarter, Zacks reports. Three analysts have issued estimates for Sequans Communications’ earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.06). 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 37.5%. The business is scheduled to announce its next earnings results on Thursday, October 26th.

On average, analysts expect that Sequans Communications will report full-year earnings of ($0.22) per share for the current fiscal year, with EPS estimates ranging from ($0.23) to ($0.21). For the next financial year, analysts forecast that the company will post earnings of ($0.07) per share, with EPS estimates ranging from ($0.16) to ($0.01). Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Sequans Communications.

Sequans Communications (NYSE:SQNS) last posted its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The business had revenue of $13.22 million for the quarter, compared to analysts’ expectations of $14.48 million. Sequans Communications had a negative net margin of 42.44% and a negative return on equity of 212.46%. The business’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.10) earnings per share.

A number of analysts have recently weighed in on the stock. BidaskClub upgraded shares of Sequans Communications from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Canaccord Genuity reaffirmed a “buy” rating on shares of Sequans Communications in a report on Wednesday, September 13th. Zacks Investment Research upgraded Sequans Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. Northland Securities reiterated a “buy” rating and issued a $5.00 price target on shares of Sequans Communications in a research report on Friday, September 22nd. Finally, B. Riley reissued a “buy” rating and set a $6.00 price objective on shares of Sequans Communications in a research note on Saturday, June 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $4.89.

Several hedge funds have recently added to or reduced their stakes in the stock. FNY Managed Accounts LLC purchased a new position in shares of Sequans Communications during the 2nd quarter worth about $134,000. Mutual of America Capital Management LLC grew its holdings in Sequans Communications by 2.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 2,158,643 shares of the semiconductor company’s stock valued at $7,145,000 after purchasing an additional 42,874 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Sequans Communications during the 2nd quarter valued at about $162,000. FNY Partners Fund LP raised its position in Sequans Communications by 657.3% in the 1st quarter. FNY Partners Fund LP now owns 71,939 shares of the semiconductor company’s stock worth $197,000 after purchasing an additional 62,439 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in Sequans Communications in the 2nd quarter worth about $220,000. 31.86% of the stock is owned by hedge funds and other institutional investors.

Sequans Communications (NYSE:SQNS) traded down 5.10% during mid-day trading on Friday, hitting $2.98. The stock had a trading volume of 174,948 shares. The stock’s market cap is $237.69 million. Sequans Communications has a 12 month low of $1.65 and a 12 month high of $4.75. The stock’s 50-day moving average price is $3.00 and its 200-day moving average price is $3.37.

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About Sequans Communications

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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