Sprint Corp. (NYSE:S) SVP Charles Wunsch sold 341,323 shares of Sprint Corp. stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $6.92, for a total transaction of $2,361,955.16. Following the sale, the senior vice president now directly owns 576,496 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on S shares. Analysts at RBC Capital cut their price target on shares of Sprint Corp. from $7.00 to $6.00 in a research note to investors on Thursday, August 1st. They now have a “sector perform” rating on the stock. Separately, analysts at Macquarie cut their price target on shares of Sprint Corp. from $6.50 to $6.30 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Sprint Corp. from $7.00 to $6.50 in a research note to investors on Thursday, August 1st. They now have a “hold” rating on the stock.
Two analysts have rated the stock with a sell rating, twenty-two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $6.95.
Sprint Corp. (NYSE:S) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.53) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.28) by $0.25. The company had revenue of $8.88 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the prior year, the company posted ($0.46) earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. Analysts expect that Sprint Corp. will post $-1.15 EPS for the current fiscal year.
Sprint Nextel Corporation (NYSE:S), is a holding company, with its operations primarily conducted by its subsidiaries.