Sprint Corporation (NYSE:S) – Equities research analysts at Oppenheimer Holdings upped their Q2 2018 earnings per share (EPS) estimates for shares of Sprint Corporation in a report released on Wednesday. Oppenheimer Holdings analyst T. Horan now expects that the cell phone carrier will post earnings of ($0.01) per share for the quarter, up from their prior forecast of ($0.03). Oppenheimer Holdings currently has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Sprint Corporation’s Q3 2018 earnings at ($0.02) EPS and FY2018 earnings at $0.02 EPS.
Other research analysts also recently issued reports about the company. Jefferies Group LLC restated a “sell” rating and set a $5.00 target price on shares of Sprint Corporation in a research note on Friday, July 14th. Wells Fargo & Company reiterated an “outperform” rating on shares of Sprint Corporation in a research note on Wednesday, June 28th. Cowen and Company reiterated a “hold” rating and set a $6.50 price target on shares of Sprint Corporation in a research note on Wednesday, July 19th. BidaskClub downgraded Sprint Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Sprint Corporation in a research note on Wednesday, June 28th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $10.26.
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Shares of Sprint Corporation (NYSE:S) opened at 8.52 on Friday. The stock’s market capitalization is $34.05 billion. The company’s 50 day moving average price is $8.20 and its 200 day moving average price is $8.31. Sprint Corporation has a 52-week low of $5.83 and a 52-week high of $9.65.
Sprint Corporation (NYSE:S) last released its quarterly earnings data on Tuesday, August 1st. The cell phone carrier reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. Sprint Corporation had a negative return on equity of 3.66% and a negative net margin of 2.08%. The company had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.14 billion. During the same period last year, the firm posted ($0.08) earnings per share. Sprint Corporation’s revenue was up 1.8% compared to the same quarter last year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wetherby Asset Management Inc. acquired a new position in Sprint Corporation in the 2nd quarter worth about $100,000. Financial Counselors Inc. raised its holdings in shares of Sprint Corporation by 1.7% during the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock valued at $100,000 after acquiring an additional 201 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Sprint Corporation during the second quarter valued at approximately $108,000. Advisors Asset Management Inc. raised its holdings in shares of Sprint Corporation by 60.4% during the first quarter. Advisors Asset Management Inc. now owns 14,491 shares of the cell phone carrier’s stock valued at $126,000 after acquiring an additional 5,459 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of Sprint Corporation by 17.0% during the second quarter. Stratos Wealth Partners LTD. now owns 15,188 shares of the cell phone carrier’s stock valued at $125,000 after acquiring an additional 2,210 shares during the last quarter. 13.95% of the stock is owned by institutional investors.
Sprint Corporation Company Profile
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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