Sprint Corp (NYSE:S) – Investment analysts at William Blair boosted their FY2018 earnings per share estimates for shares of Sprint in a note issued to investors on Monday. William Blair analyst J. Breen now forecasts that the cell phone carrier will earn $1.77 per share for the year, up from their previous forecast of $0.06. William Blair also issued estimates for Sprint’s Q4 2018 earnings at ($0.03) EPS and FY2019 earnings at $0.01 EPS.
Sprint (NYSE:S) last issued its earnings results on Friday, February 2nd. The cell phone carrier reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $8.19 billion. Sprint had a negative return on equity of 0.94% and a net margin of 21.41%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.46) EPS.
Sprint (NYSE:S) traded down $0.13 on Wednesday, hitting $5.24. The company had a trading volume of 13,617,883 shares, compared to its average volume of 19,445,621. The firm has a market cap of $20,640.00, a PE ratio of 2.98 and a beta of 0.64. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Sprint has a 1-year low of $4.91 and a 1-year high of $9.44.
In other Sprint news, insider Jorge Enrique Gracia sold 112,959 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $6.18, for a total transaction of $698,086.62. Following the sale, the insider now owns 858,383 shares in the company, valued at approximately $5,304,806.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Group Corp Softbank bought 3,203,661 shares of the stock in a transaction on Monday, November 13th. The shares were bought at an average price of $6.12 per share, for a total transaction of $19,606,405.32. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 61,601,426 shares of company stock worth $356,550,225 and have sold 913,236 shares worth $5,377,413. 0.18% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Commerce Bank purchased a new position in shares of Sprint during the 3rd quarter worth $100,000. Crossmark Global Holdings Inc. purchased a new position in shares of Sprint during the 3rd quarter worth $141,000. Americafirst Capital Management LLC purchased a new position in shares of Sprint during the 3rd quarter worth $156,000. Capital Bank & Trust Co lifted its stake in shares of Sprint by 10,821.7% during the 3rd quarter. Capital Bank & Trust Co now owns 21,625 shares of the cell phone carrier’s stock worth $168,000 after purchasing an additional 21,427 shares during the period. Finally, ING Groep NV purchased a new position in shares of Sprint during the 4th quarter worth $188,000. 13.76% of the stock is currently owned by institutional investors.
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Sprint 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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