Sprint Corporation (NYSE:S) has earned an average recommendation of “Hold” from the twenty-five analysts that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $9.82.
Several equities analysts recently issued reports on the company. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Sprint Corporation in a research report on Wednesday, August 2nd. Cowen and Company reaffirmed a “market perform” rating and issued a $6.50 price objective on shares of Sprint Corporation in a research report on Tuesday. Barclays PLC reaffirmed a “neutral” rating and issued a $8.00 price objective on shares of Sprint Corporation in a research report on Wednesday. UBS AG reaffirmed a “neutral” rating and issued a $9.00 price objective on shares of Sprint Corporation in a research report on Wednesday, August 2nd. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Sprint Corporation in a research report on Wednesday, June 28th.
Sprint Corporation (NYSE S) opened at 8.03 on Friday. The company’s market cap is $32.09 billion. The stock has a 50 day moving average price of $8.32 and a 200-day moving average price of $8.48. Sprint Corporation has a 12-month low of $5.83 and a 12-month high of $9.65.
Sprint Corporation (NYSE:S) last posted its quarterly earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.06. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.14 billion. Sprint Corporation had a negative return on equity of 3.66% and a negative net margin of 2.08%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.08) EPS. On average, analysts predict that Sprint Corporation will post ($0.83) EPS for the current fiscal year.
In related news, VP Paul W. Schieber, Jr. sold 24,465 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $8.22, for a total value of $201,102.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Wsfs Capital Management LLC acquired a new position in shares of Sprint Corporation during the fourth quarter valued at about $169,000. Sigma Planning Corp purchased a new position in Sprint Corporation during the first quarter valued at about $135,000. Quantbot Technologies LP purchased a new position in Sprint Corporation during the first quarter valued at about $1,023,000. Karp Capital Management Corp purchased a new position in Sprint Corporation during the first quarter valued at about $1,792,000. Finally, Gateway Investment Advisers LLC raised its position in Sprint Corporation by 132.6% in the second quarter. Gateway Investment Advisers LLC now owns 97,701 shares of the cell phone carrier’s stock valued at $802,000 after buying an additional 55,704 shares in the last quarter. 14.35% of the stock is owned by hedge funds and other institutional investors.
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Sprint Corporation Company Profile
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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