What Wall Street is saying about Sprint Corporation (S)

Sprint Corporation (NYSE:S) stock is presently standing at about $8.41 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 21 analysts covering the company is $7.00, which suggests the stock could still rise over -20 percent. The highest analyst price target is $9.00, which implies a rally of 93 percent. And a quick view of analyst notes show that 2 are rating the stock a buy while 1 rate S a strong buy. There are 17 equity research firms advocating a Hold and 3 consider it Sell.

Buckingham Research analysts provided their view on Sprint Corporation (NYSE:S) recently. The rating firm issued a Underperform rating to this company in a research note released on Aug 25, 2016. Pacific Crest analysts disclosed their opinion on Sprint Corporation (NYSE:S) recently. The rating firm gave a Sector Weight rating to this stock in a research note published on Jul 26, 2016. According to a research note disclosed on Apr 13, 2016, analysts at Pacific Crest have lowered their rating on these shares from Sector Weight to Underweight.

Sprint Corporation (NYSE:S) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Vice President & Controller SCHIEBER PAUL W JR Sold 184,728 company shares for 201,105, in a transaction on Jun 14. Following the transaction, the Vice President & Controller is left with a stake of 24,465 shares, currently valued at $205,751. Meanwhile, Chief Marketing Officer SOLE-RAFOLS ROGER sold 1,466,397 shares worth $375,455, through a transaction dated Nov 16. Following the completion of the transaction, the insider is left with a stake of 49,844 shares, amounting $419,188. S Vice President & Controller SCHIEBER PAUL W JR also sold 182,821 shares, at a stock price of $7.36. This transaction occurred on Nov 14 totals $385,705. After this transaction, the insider’s stake stands at 52,375 shares, with a market value of $440,474.

Executives hold 1.58 percent of the stock. DODGE & COX is one of the biggest insider owners in Sprint Corporation (NYSE:S), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 175,436,817 shares which have current market value of around $1,475,423,631.ONTARIO TEACHERS PENSION PLAN BOARD is another major inside shareholder in the company. The insider owns 46,433,939 shares as of 03/31/2017, currently worth $390,509,427. NORGES BANK is ranked as third insider holder of the stock. This insider holds 41,075,988 shares with a market value around $345,449,059 as of recent close.

Sprint Corporation (NYSE:S) Earnings Outlook

In Sprint Corporation (NYSE:S)’s latest quarter, EPS moved to $-0.21 from $-0.42 in preceding quarter and revenues reached at $8,539.00M compared to $8,549.00M. Analysts had expected Sprint Corporation (NYSE:S) to post net income of about $-0.33 per share on $7,933.50M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in the range of $-0.10 to $0.02. That is compared with the $-0.46 in EPS it reported during the same period a year ago.