Sprint Corp (S) Director Sells $2,030,655.00 in Stock
Sprint Corp (NYSE:S) Director Ronald D. Fisher sold 327,525 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $6.20, for a total value of $2,030,655.00. Following the sale, the director now directly owns 2,419,275 shares in the company, valued at approximately $14,999,505. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Sprint stock opened at $6.08 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.05 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $25.26 billion, a price-to-earnings ratio of 86.86, a price-to-earnings-growth ratio of 16.67 and a beta of 0.80. Sprint Corp has a 1 year low of $4.81 and a 1 year high of $6.62.
Sprint (NYSE:S) last posted its quarterly earnings results on Wednesday, October 31st. The cell phone carrier reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The firm had revenue of $8.43 billion for the quarter, compared to analyst estimates of $7.95 billion. Sprint had a net margin of 23.12% and a return on equity of 1.36%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) earnings per share. Sell-side analysts predict that Sprint Corp will post 0.02 earnings per share for the current year.
Several brokerages recently commented on S. Zacks Investment Research cut Sprint from a “buy” rating to a “hold” rating in a report on Monday, October 8th. ValuEngine raised Sprint from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $5.53.
Sprint Corporation, together with 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 United States Virgin Islands. It operates in two segments, Wireless and Wireline.
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