Zacks: Analysts Anticipate Sequans Communications SA (NYSE:SQNS) Will Post Quarterly Sales of $8.55 Million

Brokerages predict that Sequans Communications SA (NYSE:SQNS) will announce $8.55 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Sequans Communications’ earnings, with the lowest sales estimate coming in at $8.09 million and the highest estimate coming in at $9.00 million. Sequans Communications posted sales of $12.66 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 32.5%. The firm is scheduled to announce its next earnings results on Tuesday, July 30th.

On average, analysts expect that Sequans Communications will report full-year sales of $41.68 million for the current fiscal year, with estimates ranging from $40.26 million to $43.10 million. For the next year, analysts anticipate that the firm will post sales of $78.62 million, with estimates ranging from $71.84 million to $85.40 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Sequans Communications.

Sequans Communications (NYSE:SQNS) last posted its quarterly earnings data on Thursday, May 9th. The semiconductor company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). The firm had revenue of $7.00 million for the quarter, compared to analysts’ expectations of $8.17 million. Sequans Communications had a negative net margin of 103.20% and a negative return on equity of 5,061.35%. The firm’s revenue was down 37.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.08) EPS.

A number of analysts recently commented on SQNS shares. Robert W. Baird reiterated a “buy” rating on shares of Sequans Communications in a research report on Tuesday, February 19th. Needham & Company LLC reiterated a “buy” rating and set a $1.75 price objective on shares of Sequans Communications in a research report on Wednesday, February 20th. Zacks Investment Research lowered Sequans Communications from a “hold” rating to a “sell” rating in a report on Saturday, February 23rd. Finally, Roth Capital set a $3.00 price target on Sequans Communications and gave the company a “buy” rating in a report on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $2.23.

Sequans Communications stock traded down $0.01 during mid-day trading on Friday, reaching $0.88. 32,126 shares of the stock traded hands, compared to its average volume of 126,687. The stock has a market cap of $69.62 million, a PE ratio of -2.44 and a beta of 2.96. The company has a debt-to-equity ratio of 4.36, a quick ratio of 1.34 and a current ratio of 1.70. Sequans Communications has a 12-month low of $0.75 and a 12-month high of $2.24.

An institutional investor recently bought a new position in Sequans Communications stock. Banque Pictet & Cie SA acquired a new position in Sequans Communications SA (NYSE:SQNS) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 160,000 shares of the semiconductor company’s stock, valued at approximately $176,000. Banque Pictet & Cie SA owned 0.20% of Sequans Communications as of its most recent SEC filing. 36.21% of the stock is owned by hedge funds and other institutional investors.

Sequans Communications Company Profile

Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband and Internet of Things applications. Its solutions incorporate baseband processor and radio frequency (RF) transceiver integrated circuits along with proprietary signal processing techniques, algorithms, and software stacks.

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