|Bid||58.00 x 100|
|Ask||61.54 x 100|
|Day's Range||59.39 - 61.09|
|52 Week Range||54.60 - 68.88|
|PE Ratio (TTM)||11.42|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||72.92|
Zacks.com featured highlights include: Wolverine World, MarineMax, T-Mobile, SolarEdge and Sunrun
Sprint (S) is currently doing the groundwork for 5G technology and has not provided a specific launch date for its 5G services. In the fiscal 3Q17 conference call, Sprint’s management shared that it has plans to add 2.5 GHz, 1.9 GHz, and 800 MHz antennas to virtually all of its existing cell sites to expand its coverage footprint. The mobile carrier is also adding more small cells, including Sprint Magic Boxes, mini-macros, and strand mounts to increase its presence in every core market and thus boost capacity and data speeds.
In fiscal 3Q17 (ended December 2017), Sprint (S) added its highest net additions of 256,000 postpaid customers and added 63,000 prepaid connections. The telecom company also posted its highest adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) for the past 11 years in fiscal 3Q17. Sprint has been gaining momentum with its turnaround efforts to tap a significant share in an immensely competitive US wireless environment, which is dominated by Verizon Communications (VZ) and AT&T (T).
As Sprint (S) is the fourth-largest mobile carrier company in the US, it is making significant efforts to tap more market share in the wireless space. Sprint’s cost-saving measures remain impressive and have significantly contributed to its turnaround in customer additions for the past three quarters. During fiscal 3Q17, Sprint realized nearly $260 million in net cost reductions, including lower costs of services and SG&A (selling, general, and administrative) expenses.
The performance of a mobile carrier’s network determines its customer base, and Sprint (S) has been continuously focusing on upgrading its network to keep its customers. In fact, the fourth-largest wireless network provider in the US is adding a significant number of postpaid and prepaid customers of late and has been deploying thousands of small-cell solutions, including the Sprint Magic Box, to improve its network performance. In fiscal 3Q17, Sprint added a total of 385,000 wireless customers, including 256,000 postpaid customers, 63,000 prepaid customers, and 66,000 wholesale and affiliate net customer additions.
In its recently reported fiscal 3Q17, Sprint (S) said that it saw a net a loss of $0.02 per share on a pro forma basis. Notably, the telecom company has been beating expectations for the past three quarters. In fiscal 3Q17, Sprint’s losses were also narrower than its loss of $0.12 per share in fiscal 3Q16.
Short interest is extremely low for TMUS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting TMUS. ETFs that hold TMUS had net inflows of $1.81 billion over the last one-month.
Charter Communications (CHTR) has been consistently relying on capital expenditures to improve its network. During its 4Q17 conference call, Charter Communications reported that it had spent $2.6 billion on capital expenditures, including $202.0 million on transition-related expenses. Excluding transition-related expenses, Charter’s capital expenditure in 4Q17 reached $2.4 billion, compared with $1.7 billion during 4Q16.