Sprint (NYSE:S) posted its quarterly earnings results on Wednesday. The cell phone carrier reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.06, MarketWatch Earnings reports. The business had revenue of $8.43 billion for the quarter, compared to analyst estimates of $7.95 billion. Sprint had a return on equity of 0.51% and a net margin of 22.73%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.01) EPS.
Shares of NYSE:S traded up $0.60 on Wednesday, hitting $6.28. The company’s stock had a trading volume of 612,937 shares, compared to its average volume of 11,382,406. Sprint has a 12 month low of $4.81 and a 12 month high of $6.75. The stock has a market cap of $23.38 billion, a price-to-earnings ratio of 89.14 and a beta of 0.81. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.10 and a current ratio of 1.15.
A number of research analysts recently commented on S shares. ValuEngine upgraded Sprint from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Zacks Investment Research downgraded Sprint from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $5.85.
Sprint Corporation, together with its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. It operates in two segments, Wireless and Wireline.
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