Sprint (S) Getting Somewhat Favorable News Coverage, Analysis Shows
Press coverage about Sprint (NYSE:S) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sprint earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the cell phone carrier an impact score of 45.3810712943759 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Disappointing Results of Sprint Corp Stock – Financial Herald (finherald.com)
- Sprint Corp (S) Position Raised by California Public Employees Retirement System (americanbankingnews.com)
- Sprint Corp (S) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Can Sprint Change Its Luck With Half-Priced iPhone Xs? (msn.com)
- Sprint Corp (S) Shares Sold by State of Wisconsin Investment Board (americanbankingnews.com)
Several research analysts have commented on S shares. Vetr lowered Sprint from a “strong-buy” rating to a “buy” rating and set a $5.90 price objective on the stock. in a research report on Thursday, January 4th. UBS Group reaffirmed a “buy” rating and set a $7.50 target price (down from $9.00) on shares of Sprint in a research report on Monday, November 6th. Cowen reaffirmed a “hold” rating on shares of Sprint in a research report on Monday, February 5th. Barclays reaffirmed a “hold” rating and set a $5.00 target price on shares of Sprint in a research report on Friday, January 19th. Finally, KeyCorp lowered Sprint from a “sector weight” rating to an “underweight” rating and set a $5.50 target price on the stock. in a research report on Monday, November 6th. Nine investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. Sprint presently has an average rating of “Hold” and a consensus target price of $6.11.
Sprint (NYSE:S) last posted its quarterly earnings results on Friday, February 2nd. The cell phone carrier reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. The business had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $8.19 billion. Sprint had a negative return on equity of 0.94% and a net margin of 21.41%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.46) earnings per share. analysts expect that Sprint will post 1.76 earnings per share for the current fiscal year.
In other news, major shareholder Group Corp Softbank purchased 6,149,090 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was acquired at an average cost of $5.68 per share, for a total transaction of $34,926,831.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul W. Schieber, Jr. sold 144,041 shares of Sprint stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $5.74, for a total value of $826,795.34. Following the completion of the transaction, the vice president now owns 204,168 shares of the company’s stock, valued at $1,171,924.32. The disclosure for this sale can be found here. Insiders purchased 54,802,571 shares of company stock valued at $315,434,946 over the last quarter. Insiders own 0.18% of the company’s stock.
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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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