-$0.07 Earnings Per Share Expected for Sequans Communications S.A. (SQNS) This Quarter
Equities research analysts predict that Sequans Communications S.A. (NYSE:SQNS) will announce ($0.07) earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Sequans Communications’ earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at ($0.06). Sequans Communications also reported earnings per share of ($0.07) in the same quarter last year. The company is expected to issue its next quarterly earnings results on Tuesday, February 13th.
On average, analysts expect that Sequans Communications will report full year earnings of ($0.27) per share for the current year, with EPS estimates ranging from ($0.29) to ($0.26). For the next financial year, analysts forecast that the firm will report earnings of ($0.19) per share, with EPS estimates ranging from ($0.24) to ($0.15). Zacks’ EPS averages are a mean average based on a survey of research firms that follow Sequans Communications.
Sequans Communications (NYSE:SQNS) last released its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported ($0.07) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.07). Sequans Communications had a negative return on equity of 256.90% and a negative net margin of 46.93%. The business had revenue of $11.30 million during the quarter, compared to analysts’ expectations of $11.08 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. The company’s quarterly revenue was down 9.6% compared to the same quarter last year.
Several equities research analysts have recently commented on the company. B. Riley restated a “buy” rating and set a $5.50 price target on shares of Sequans Communications in a research note on Wednesday, August 30th. ValuEngine cut Sequans Communications from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Canaccord Genuity restated a “buy” rating and set a $4.25 price target (down previously from $6.00) on shares of Sequans Communications in a research note on Thursday, October 5th. Benchmark cut their price target on Sequans Communications from $5.50 to $4.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $3.00 price target (down previously from $4.00) on shares of Sequans Communications in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Sequans Communications currently has an average rating of “Hold” and a consensus target price of $3.96.
Sequans Communications (SQNS) traded down $0.03 during trading on Thursday, hitting $1.83. The stock had a trading volume of 98,963 shares, compared to its average volume of 374,773. Sequans Communications has a twelve month low of $1.68 and a twelve month high of $4.75. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.17 and a quick ratio of 0.95.
Large investors have recently added to or reduced their stakes in the business. Virtu KCG Holdings LLC purchased a new position in Sequans Communications in the second quarter worth $402,000. B. Riley Financial Inc. acquired a new stake in Sequans Communications in the second quarter valued at $841,000. AXA acquired a new stake in Sequans Communications in the second quarter valued at $4,237,000. Granite Point Capital Management L.P. grew its holdings in Sequans Communications by 359.4% in the second quarter. Granite Point Capital Management L.P. now owns 229,700 shares of the semiconductor company’s stock valued at $760,000 after purchasing an additional 179,700 shares during the last quarter. Finally, FNY Managed Accounts LLC grew its holdings in Sequans Communications by 342.4% in the third quarter. FNY Managed Accounts LLC now owns 180,060 shares of the semiconductor company’s stock valued at $565,000 after purchasing an additional 139,360 shares during the last quarter. Hedge funds and other institutional investors own 31.92% of the company’s stock.
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Sequans Communications Company Profile
Sequans Communications SA is a fabless designer, developer and supplier of fourth Generation long term evolution (4G LTE) semiconductor solutions for wireless broadband applications, with a specific focus on the single-mode device market. Its semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques, algorithms and software stacks.
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