Sprint Corporation (S) Expected to Post Q3 2018 Earnings of ($0.05) Per Share

Sprint Corporation (NYSE:S) – Jefferies Group issued their Q3 2018 EPS estimates for shares of Sprint Corporation in a research report issued on Thursday. Jefferies Group analyst S. Goldman forecasts that the cell phone carrier will post earnings of ($0.05) per share for the quarter. Jefferies Group currently has a “Sell” rating and a $5.00 target price on the stock. Jefferies Group also issued estimates for Sprint Corporation’s Q4 2018 earnings at $0.01 EPS, FY2018 earnings at $0.00 EPS, FY2019 earnings at $0.05 EPS, FY2020 earnings at $0.25 EPS, FY2021 earnings at $0.42 EPS and FY2022 earnings at $0.57 EPS.

S has been the subject of several other research reports. Royal Bank Of Canada reissued a “hold” rating and set a $8.00 price target on shares of Sprint Corporation in a research report on Sunday, July 9th. Cowen and Company reissued a “hold” rating and set a $6.50 price target on shares of Sprint Corporation in a research report on Wednesday, July 19th. UBS AG reissued a “neutral” rating and set a $9.00 price target on shares of Sprint Corporation in a research report on Wednesday, August 2nd. Wells Fargo & Company reissued an “outperform” rating on shares of Sprint Corporation in a research report on Wednesday, August 2nd. Finally, Barclays PLC reissued a “neutral” rating and set a $8.00 price target on shares of Sprint Corporation in a research report on Wednesday, August 9th. Seven research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.26.

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Sprint Corporation (NYSE:S) last posted its quarterly earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Sprint Corporation had a negative return on equity of 3.19% and a negative net margin of 1.82%. The business had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $8.05 billion. During the same period in the prior year, the business earned ($0.04) EPS. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Sprint Corporation by 4,924.2% during the 1st quarter. BlackRock Inc. now owns 39,211,547 shares of the cell phone carrier’s stock valued at $340,355,000 after acquiring an additional 38,431,100 shares during the period. Vanguard Group Inc. grew its position in shares of Sprint Corporation by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 37,971,867 shares of the cell phone carrier’s stock valued at $311,749,000 after acquiring an additional 301,765 shares during the period. State Street Corp grew its position in shares of Sprint Corporation by 1.7% during the 1st quarter. State Street Corp now owns 14,713,069 shares of the cell phone carrier’s stock valued at $127,704,000 after acquiring an additional 243,184 shares during the period. Odey Asset Management Group Ltd grew its position in shares of Sprint Corporation by 107.3% during the 2nd quarter. Odey Asset Management Group Ltd now owns 8,124,955 shares of the cell phone carrier’s stock valued at $66,706,000 after acquiring an additional 4,204,955 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Sprint Corporation by 6,509.8% during the 2nd quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock valued at $58,944,000 after acquiring an additional 7,070,812 shares during the period. 13.90% of the stock is owned by hedge funds and other institutional investors.

About Sprint Corporation

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.

Earnings History and Estimates for Sprint Corporation (NYSE:S)

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