Stock Market Watch

Sprint Nextel Corporation Business Updates

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Sprint Nextel Corporation (NYSE:S). Last Market Price: 2.86, Change: -0.15, % Change: (-4.98%). Shares trade in the range of 2.65 – 3.39 dollars. It has a market capitalization of 8.56B dollars, making it a Mid Cap Stock and has 2.99B outstanding shares. The company has a beta of 1.23, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is -1.04. It operates in Services sector and belongs to Communications Services industry. Percentage shares held by institutional investors is 88%. The company has a 52 week high of $ 6.45 and a 52 week low of $ 2.25. Average volumes of shares traded daily are 62,710,000. Volume traded in the last session was at 138,960,000, 2.22 times the average volume.

  • Company is working with its partners such as QCOM, and will have LTE devices ready in 2012; will be using 1.6 spectrum; has a wholesale agreement with CLWR.
  • Company is very well prepared to take expected growth of customer base from iPhone’
  • Company is making investment through network vision for the 3G service set; will give company better data speeds and signal strength & will expand coverage; benefits will accrue to future iPhone users.

For Q2 (Jun ’11), It had a Net profit margin of -10.19%, an Operating margin of 0.95%. Other Key stats and ratios are : Return on average assets of -6.91%, Return on average equity of -24.74%. The organization has an employee strength of 40,000

Consensus Recommendation is a Outperform.


Estimate for sales for the Year Ending Dec-11 show a mean of 33,511.60 million dollars, an estimate high of 33,880.80 million dollars and an estimate low of 33,174.50 million dollars. A year ago the figures stood at 32,109.30 million dollars.

Estimate for sales for the Year Ending Dec-12 show a mean of 34,405.50 million dollars, an estimate high of 35,387.00 million dollars and an estimate low of 33,734.00 million dollars. A year ago the figures stood at 32,329.00 million dollars.

Estimate for EPS for the Year Ending Dec-11 show a mean of -0.85 dollars, an estimate high of -0.46 dollars and an estimate low of -1.35 dollars. A year ago the figures stood at -0.69 dollars.

Estimate for EPS for the Year Ending Dec-12 show a mean of -0.72 dollars, an estimate high of -0.26 dollars and an estimate low of -1.63 dollars. A year ago the figures stood at -0.49 dollars.

Sales for Quarter Ending Jun-11 was estimated at 8,303.65 million dollars, however the actual sales figure stood at 8,311.00 million dollars, 7.35 million dollars more than estimates.

Sales for Quarter Ending Mar-11 was estimated at 8,194.08 million dollars, however the actual sales figure stood at 8,313.00 million dollars, 118.92 million dollars more than estimates.

edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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