Q1 2019 Earnings Forecast for Sprint Corp (S) Issued By Oppenheimer

Sprint Corp (NYSE:S) – Research analysts at Oppenheimer decreased their Q1 2019 EPS estimates for Sprint in a research note issued on Tuesday, June 26th. Oppenheimer analyst T. Horan now anticipates that the cell phone carrier will post earnings per share of $0.02 for the quarter, down from their previous estimate of $0.05. Oppenheimer also issued estimates for Sprint’s Q2 2019 earnings at $0.01 EPS, Q3 2019 earnings at ($0.02) EPS, Q4 2019 earnings at $0.00 EPS and FY2019 earnings at $0.00 EPS.

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S has been the topic of a number of other reports. Gabelli restated a “hold” rating on shares of Sprint in a research report on Tuesday, April 24th. ValuEngine lowered shares of Sprint from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 4th. SunTrust Banks dropped their target price on shares of Sprint to $6.50 and set a “hold” rating for the company in a research note on Tuesday, May 8th. Wells Fargo & Co downgraded shares of Sprint from an “outperform” rating to a “market perform” rating in a research note on Monday, April 30th. Finally, Jefferies Financial Group raised shares of Sprint from an “underperform” rating to a “hold” rating and set a $4.50 target price for the company in a research note on Tuesday, May 1st. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $5.98.

Sprint opened at $5.44 on Friday, MarketBeat Ratings reports. The stock has a market capitalization of $21.90 billion, a price-to-earnings ratio of 136.75 and a beta of 0.63. Sprint has a 12 month low of $4.81 and a 12 month high of $8.92. The company has a current ratio of 1.32, a quick ratio of 1.23 and a debt-to-equity ratio of 1.42.

Sprint (NYSE:S) last released its quarterly earnings results on Wednesday, May 2nd. The cell phone carrier reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.09. The firm had revenue of $8.08 billion for the quarter, compared to analyst estimates of $7.99 billion. Sprint had a net margin of 22.80% and a return on equity of 0.69%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.07) earnings per share.

In related news, insider John Saw sold 88,319 shares of the business’s stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $6.50, for a total transaction of $574,073.50. Following the completion of the sale, the insider now directly owns 1,149,057 shares of the company’s stock, valued at $7,468,870.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

A number of large investors have recently modified their holdings of S. Westside Investment Management Inc. increased its stake in Sprint by 872.7% in the fourth quarter. Westside Investment Management Inc. now owns 17,490 shares of the cell phone carrier’s stock valued at $101,000 after purchasing an additional 15,692 shares in the last quarter. BancorpSouth Bank bought a new stake in Sprint in the fourth quarter valued at approximately $104,000. Wetherby Asset Management Inc. bought a new stake in Sprint in the first quarter valued at approximately $126,000. Delpha Capital Management LLC bought a new stake in Sprint in the fourth quarter valued at approximately $131,000. Finally, Aspiriant LLC bought a new stake in Sprint in the first quarter valued at approximately $151,000. 12.70% of the stock is owned by hedge funds and other institutional investors.

About Sprint

Sprint Corporation, through 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 U.S. Virgin Islands. The company operates in two segments, Wireless and Wireline.