Sprint Corporation (NYSE:S) registered a -2.23% decrease, still its new closing price is 276.33% up from the company’s 1 year high of 9.48.It posted 3.25% gains in previous 5 sessions and is now the subject of 15 analysts who together assign a hold rating on stock. 5 of Wall Street analysts have an underperform rating; the 4 sells versus 2 buy or better ratings. The 29 stock analysts following this company have an average price target at $7.28, with individual PT in the $6.00-$9.00 range. The shares moved at $9.22, implying that brokerage firms see shares gaining about 202.30% in twelve months time.
Sprint Corporation (S) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 9.50% rise year to date. A Chief Marketing Officer at Sprint Corporation (S) offloaded shares in a transaction closed on Wednesday November 16, 2016. SOLE-RAFOLS ROGER sold 49,844 shares in the company at $7.53 each and collected $375,000 in proceeds. SOLE-RAFOLS ROGER now owns 1,466,397 shares in the company after this transaction. A Vice President & Controller in the company, SCHIEBER PAUL W JR, disclosed a transaction on Monday November 14, 2016 that ended up generating $385,000 from the sale of 52,375 shares at $7.36 per share.
Sprint Corporation (NYSE:S) Upcoming Results on Tap
Sprint Corporation will next provide financial results for the June 2017 quarter. Stock analysts expect it to report per-share earnings of $0.00 in that period. Sales during the quarter are predicted to arrive at $8.09 billion.
Earnings surprise history: Last quarter, the company posted approximately $8.25 billion in revenue and EPS of $-0.10. The mean forecast was for $8.03 billion and $-0.07 a share, respectively. One quarter earlier, revenue for the stock was at $8.01 billion, with earnings at $-0.05/share.
Sprint Corporation (S) Brokerage Update
Sprint Corporation (S) is in Buckingham Research’s research list so their analyst rating change is noteworthy. These shares were downgraded to Underperform from Neutral by Buckingham Research, according to news reported on Thursday August 25, 2016.Another important research note was issued by Pacific Crest on Tuesday July 26, 2016.The firm upgraded S to Sector Weight from Underweight. Over the last six months and over the last three months, the shares of Sprint Corporation (S), have changed 53.67% and 44.97%, respectively.