Sprint Corp. (NYSE:S) – Stock analysts at Jefferies Group issued their Q4 2017 earnings estimates for shares of Sprint Corp. in a report released on Tuesday. Jefferies Group analyst M. Mccormack forecasts that the firm will post earnings of ($0.11) per share for the quarter. Jefferies Group currently has a “Sell” rating on the stock. Jefferies Group also issued estimates for Sprint Corp.’s FY2019 earnings at $0.11 EPS.
Sprint Corp. (NYSE:S) last released its quarterly earnings data on Monday, July 25th. The cell phone carrier reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.00. During the same period in the previous year, the business earned ($0.46) earnings per share. The firm earned $8 billion during the quarter, compared to analysts’ expectations of $8.69 billion. The business’s revenue for the quarter was down .2% on a year-over-year basis.
Several other brokerages have also weighed in on S. Zacks Investment Research raised Sprint Corp. from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a report on Wednesday, March 30th. Argus reissued a “hold” rating on shares of Sprint Corp. in a report on Tuesday. Robert W. Baird reissued a “neutral” rating and issued a $3.00 price objective on shares of Sprint Corp. in a report on Tuesday, June 28th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Sprint Corp. in a report on Tuesday. Finally, Royal Bank Of Canada upped their target price on Sprint Corp. from $5.00 to $6.00 and gave the company a “sector perform” rating in a report on Tuesday. Eight research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.20.
An institutional investor recently raised its position in Sprint Corp. stock. Swiss National Bank increased its position in Sprint Corp. (NYSE:S) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,432,151 shares of the cell phone carrier’s stock after buying an additional 19,500 shares during the period. Swiss National Bank’s holdings in Sprint Corp. were worth $5,184,000 as of its most recent SEC filing.
Sprint Corporation is a holding company. The Company, along with its subsidiaries is a wireless communications company offering a range of wireless and wireline communications products and services. The Company operates in two segments: Wireless and Wireline. Its services are provided through its ownership of wireless networks, an all-digital global wireline network and a Tier 1 Internet backbone.
