$-0.03 EPS Expected for Sprint Corp (S)

October 9, 2017 - By Richard Conner

 $ 0.03 EPS Expected for Sprint Corp (S)
Investors sentiment increased to 1.06 in 2017 Q2. Its up 0.02, from 1.04 in 2017Q1. It improved, as 35 investors sold Sprint Corp shares while 95 reduced holdings. 50 funds opened positions while 88 raised stakes. 553.56 million shares or 2.97% less from 570.53 million shares in 2017Q1 were reported.
First Heartland Consultants holds 0.02% or 11,327 shares in its portfolio. Asset Management One Limited holds 96,339 shares or 0% of its portfolio. Highstreet Asset Mgmt reported 79,718 shares stake. Verition Fund Mgmt Ltd Liability holds 0.02% of its portfolio in Sprint Corp (NYSE:S) for 26,700 shares. 11,910 were accumulated by Riverhead Capital Mgmt Limited Co. Veritable Lp reported 29,001 shares or 0.01% of all its holdings. Missouri-based Atwood & Palmer has invested 0% in Sprint Corp (NYSE:S). Blackrock Inc holds 33.71 million shares or 0.01% of its portfolio. Swiss Savings Bank reported 2.91M shares. Cornerstone owns 412 shares or 0% of their US portfolio. American Century Companies Incorporated holds 0% or 64,802 shares. Hudock Cap Gru Limited Co owns 3,010 shares for 0.01% of their portfolio. Bnp Paribas Arbitrage Sa holds 656,226 shares or 0.02% of its portfolio. Overbrook Mgmt reported 0.77% stake. Bluemountain Cap Mgmt Ltd, New York-based fund reported 2,154 shares.

Since June 14, 2017, it had 0 insider purchases, and 1 insider sale for $201,105 activity.

Analysts await Sprint Corp (NYSE:S) to report earnings on October, 24. They expect $-0.03 EPS, up 25.00 % or $0.01 from last year’s $-0.04 per share. After $0.05 actual EPS reported by Sprint Corp for the previous quarter, Wall Street now forecasts -160.00 % negative EPS growth. The stock decreased 1.80% or $0.13 on October 6, reaching $7.36. About 16.64M shares traded or 20.67% up from the average. Sprint Corp (NYSE:S) has risen 120.49% since October 9, 2016 and is uptrending. It has outperformed by 103.79% the S&P500.

Sprint Corp (NYSE:S) Ratings Coverage

Among 23 analysts covering Sprint Nextel Corporation (NYSE:S), 4 have Buy rating, 4 Sell and 15 Hold. Therefore 17% are positive. Sprint Nextel Corporation had 57 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Underweight” rating by Pacifc Crest given on Wednesday, April 13. On Tuesday, July 26 the stock rating was maintained by UBS with “Neutral”. The stock of Sprint Corp (NYSE:S) earned “Hold” rating by Canaccord Genuity on Wednesday, August 5. The stock of Sprint Corp (NYSE:S) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Wednesday, October 21. The stock of Sprint Corp (NYSE:S) earned “Hold” rating by Oppenheimer on Tuesday, August 1. RBC Capital Markets maintained Sprint Corp (NYSE:S) on Wednesday, July 22 with “Sector Perform” rating. The rating was downgraded by Buckingham Research on Thursday, August 25 to “Underperform”. The stock has “Equal Weight” rating by Barclays Capital on Tuesday, September 20. RBC Capital Markets maintained it with “Hold” rating and $800 target in Friday, July 7 report. The firm earned “Equal-Weight” rating on Wednesday, September 9 by Barclays Capital.

Sprint Corporation is a holding company. The company has market cap of $29.42 billion. The Company, along with its subsidiaries, is a communications firm offering a range of wireless and wireline communications services and products that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It currently has negative earnings. It operates through two divisions: Wireless and Wireline.

More notable recent Sprint Corp (NYSE:S) news were published by: Bizjournals.com which released: “Sprint/T-Mobile merger: scouting a likely HQ” on October 03, 2017, also Reuters.com with their article: “Exclusive: T-Mobile, Sprint close to agreeing on deal terms - sources” published on September 22, 2017, Seekingalpha.com published: “Talk Of A T-Mobile/Sprint Tie-Up Makes Sense” on October 05, 2017. More interesting news about Sprint Corp (NYSE:S) were released by: Reuters.com and their article: “T-Mobile US explores takeover of Sprint: source” published on September 19, 2017 as well as Bizjournals.com‘s news article titled: “Top DOJ merger watchdog’s confirmation may bode well for Sprint” with publication date: September 29, 2017.

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