Q4 2018 EPS Estimates for Sprint Corporation (S) Lifted by Oppenheimer Holdings
Sprint Corporation (NYSE:S) – Stock analysts at Oppenheimer Holdings upped their Q4 2018 earnings estimates for shares of Sprint Corporation in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst T. Horan now forecasts that the cell phone carrier will earn $0.00 per share for the quarter, up from their previous estimate of ($0.01). Oppenheimer Holdings has a “Hold” rating on the stock.
A number of other brokerages have also issued reports on S. ValuEngine upgraded shares of Sprint Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Sprint Corporation in a research report on Wednesday, June 28th. Cowen and Company reiterated a “market perform” rating and issued a $6.50 target price on shares of Sprint Corporation in a research report on Wednesday, August 2nd. HSBC Holdings plc reiterated a “reduce” rating and issued a $7.20 target price on shares of Sprint Corporation in a research report on Friday, June 16th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $8.00 target price on shares of Sprint Corporation in a research report on Sunday, July 9th. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. Sprint Corporation presently has a consensus rating of “Hold” and a consensus target price of $10.26.
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Sprint Corporation (S) traded up 0.436% during mid-day trading on Thursday, reaching $8.065. 4,911,239 shares of the company were exchanged. Sprint Corporation has a 12 month low of $5.83 and a 12 month high of $9.65. The company’s 50 day moving average price is $8.20 and its 200-day moving average price is $8.31. The stock’s market capitalization is $32.23 billion.
Sprint Corporation (NYSE:S) last issued its earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.14 billion. Sprint Corporation had a negative net margin of 2.08% and a negative return on equity of 3.66%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) earnings per share.
A number of hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC lifted its stake in Sprint Corporation by 1.2% during the second quarter. Advisory Services Network LLC now owns 69,627 shares of the cell phone carrier’s stock valued at $572,000 after buying an additional 802 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Sprint Corporation during the second quarter valued at about $341,000. Public Employees Retirement System of Ohio lifted its stake in Sprint Corporation by 24.7% during the second quarter. Public Employees Retirement System of Ohio now owns 432,391 shares of the cell phone carrier’s stock valued at $3,550,000 after buying an additional 85,526 shares in the last quarter. Koch Industries Inc. purchased a new stake in Sprint Corporation during the second quarter valued at about $434,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in Sprint Corporation during the second quarter valued at about $1,088,000. 13.95% of the stock is owned by 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.
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