Sprint Corp. (NYSE:S) – Analysts at Oppenheimer Holdings cut their Q2 2017 earnings per share estimates for shares of Sprint Corp. in a research note issued on Monday. Oppenheimer Holdings analyst T. Horan now anticipates that the brokerage will earn ($0.06) per share for the quarter, down from their previous estimate of ($0.05). Oppenheimer Holdings currently has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Sprint Corp.’s Q3 2017 earnings at ($0.06) EPS, Q4 2017 earnings at ($0.08) EPS and FY2017 earnings at ($0.27) EPS.
Sprint Corp. (NYSE:S) last issued its earnings results on Monday, July 25th. The cell phone carrier reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.00. The business had revenue of $8 billion for the quarter, compared to analyst estimates of $8.69 billion. During the same period last year, the company posted ($0.46) earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis.
Other equities analysts have also issued research reports about the stock. Nomura lifted their price target on shares of Sprint Corp. to $6.00 in a research report on Tuesday. FBR & Co restated a “buy” rating and issued a $6.00 price objective on shares of Sprint Corp. in a research note on Wednesday, May 4th. Zacks Investment Research upgraded shares of Sprint Corp. from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research note on Wednesday, March 30th. Barclays PLC raised their price objective on shares of Sprint Corp. from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Argus restated a “hold” rating on shares of Sprint Corp. in a research note on Tuesday. Eight equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $4.20.
An institutional investor recently raised its position in Sprint Corp. stock. Swiss National Bank increased its stake in Sprint Corp. (NYSE:S) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the SEC.
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.
