Sprint Corporation (S) Consensus Estimates Analysis

The fund owned 15,197 shares of the cell phone carrier's stock at the end of the second quarter. Teachers Advisors LLC's holdings in Sprint Corporation were worth $12,558,000 at the end of the most recent reporting period. If it moves below 30 and fails to remain below, it could be an indication that the market is oversold and poised to become bullish, at least in the short term. Advisors Asset Management Inc. now owns 14,491 shares of the cell phone carrier's stock worth $126,000 after buying an additional 5,459 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in Sprint Corporation during the first quarter worth $1,792,000. Sprint Corporation has a one year low of $5.83 and a one year high of $9.65. The cell phone carrier reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.03. Janney Montgomery Scott LLC purchased a new stake in shares of Sprint Corporation during the second quarter valued at approximately $125,000. The stock traded as high as $8.92 and last traded at $8.87, with a volume of 44,804,556 shares. Janus Capital Management LLC increased its position in shares of Sprint Corporation by 94.3% in the first quarter. The fund held 15,197 stocks of the cell phone carrier's shares during the Fiscal Q2.

A number of hedge funds and other institutional investors have recently made changes to their positions in S. DnB Asset Management AS raised its position in Sprint Corporation by 8.7% in the first quarter.

Sprint Corporation (NYSE:S) opened at 8.87 on Wednesday. The firm's stock has a market capitalization of $31.8 bln. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. Company fiscal year is ending in March and analysts' consensus recommendation is Hold for S and estimated EPS for next quarter is $ -0.04. The company had revenue of $8.54 billion for the quarter, compared to analyst estimates of $7.94 billion.

Sprint Corporation (NYSE:S) tumbled -5.23% year-to-date. During the same period previous year, the firm earned ($0.08) EPS. Sprint Corporation (NYSE:S) is -2.91% below its 200-day moving average, providing a measure of resistance for long positions.

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S has been the subject of several recent analyst reports. SunTrust Banks, Inc. started coverage on Sprint Corporation in a research report on Tuesday, April 18th. HSBC Holdings plc restated a "reduce" rating and set a $7.20 target price on shares of Sprint Corporation in a research report on Friday, June 16th. Macquarie upped their price target on Sprint Corporation from $10.00 to $11.00 and gave the stock an "outperform" rating in a research note on Thursday, May 4th. Finally, Goldman Sachs Group, Inc. (The) reiterated a "neutral" rating on shares of Sprint Corporation in a report on Wednesday, June 28th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. Their average price target spell out an upbeat performance - a -9% and would give S a market capitalization of almost $28.97B.

Separately, VP Paul W. Schieber, Jr. unloaded 24,465 stocks of the company's shares in a trade on early Wed, Jun 14th. The sale was disclosed in a filing with the SEC, which is available through this link. The company's stock has a normal trading capacity of 16.18M shares while the relative volume is 2.76.

Sprint Corp (NYSE:S) institutional sentiment increased to 1.2 in 2016 Q4. The Company, along with its subsidiaries, is a communications firm offering a range of wireless and wireline communications services and products that are created to meet the needs of consumers, businesses, government subscribers and resellers.

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