Sprint Corp. (NYSE:S) Insider Paget Leonard Alves unloaded 529,603 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $6.79, for a total value of $3,596,004.37. Following the completion of the sale, the insider now directly owns 565,499 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 given a buy rating and one has assigned a strong buy rating to the company. Sprint Corp. currently has an average rating of “Hold” and an average price target of $6.95.
Sprint Corp. (NYSE:S) opened at 7.25 on Monday. Sprint Corp. has a 1-year low of $5.61 and a 1-year high of $7.26. The stock’s 50-day moving average is currently $6.33. The company’s market cap is $21.910 billion.
Sprint Corp. (NYSE:S) last released its earnings data on Tuesday, July 30th. The company reported ($0.53) EPS for the quarter, missing the Thomson Reuters 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. On average, analysts predict that Sprint Corp. will post $-1.15 earnings per share for the current fiscal year.
Sprint Nextel Corporation (NYSE:S), is a holding company, with its operations primarily conducted by its subsidiaries.