Zacks: Analysts Anticipate Sequans Communications S.A. (NYSE:SQNS) to Announce -$0.09 Earnings Per Share

Analysts expect Sequans Communications S.A. (NYSE:SQNSGet Rating) to report earnings of ($0.09) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Sequans Communications’ earnings. Sequans Communications posted earnings per share of ($0.15) in the same quarter last year, which indicates a positive year-over-year growth rate of 40%. The firm is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Sequans Communications will report full-year earnings of ($0.33) per share for the current fiscal year, with EPS estimates ranging from ($0.36) to ($0.29). For the next fiscal year, analysts anticipate that the firm will post earnings of $0.04 per share, with EPS estimates ranging from $0.01 to $0.06. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover Sequans Communications.

Sequans Communications (NYSE:SQNSGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The semiconductor company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.07. During the same quarter in the prior year, the firm earned ($0.18) EPS.

A number of equities analysts have commented on the stock. B. Riley reduced their price objective on shares of Sequans Communications from $8.00 to $6.00 in a research report on Wednesday. StockNews.com assumed coverage on shares of Sequans Communications in a research report on Thursday, March 24th. They set a “hold” rating for the company. Finally, Zacks Investment Research cut shares of Sequans Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th.

Several institutional investors have recently made changes to their positions in the company. Potomac Capital Management Inc. boosted its position in shares of Sequans Communications by 7.3% in the first quarter. Potomac Capital Management Inc. now owns 759,100 shares of the semiconductor company’s stock valued at $2,308,000 after acquiring an additional 51,973 shares during the period. Equitec Proprietary Markets LLC bought a new stake in shares of Sequans Communications in the first quarter valued at about $76,000. Eidelman Virant Capital bought a new stake in shares of Sequans Communications in the first quarter valued at about $45,000. Shay Capital LLC boosted its position in shares of Sequans Communications by 55.0% in the fourth quarter. Shay Capital LLC now owns 75,000 shares of the semiconductor company’s stock valued at $356,000 after acquiring an additional 26,625 shares during the period. Finally, Lynrock Lake LP boosted its position in shares of Sequans Communications by 9.0% in the fourth quarter. Lynrock Lake LP now owns 4,483,889 shares of the semiconductor company’s stock valued at $21,254,000 after acquiring an additional 370,062 shares during the period. 99.44% of the stock is owned by institutional investors.

SQNS stock opened at $2.70 on Tuesday. The company has a fifty day moving average price of $2.94 and a two-hundred day moving average price of $4.12. Sequans Communications has a one year low of $2.28 and a one year high of $6.84. The stock has a market cap of $128.63 million, a price-to-earnings ratio of -13.50 and a beta of 0.90.

Sequans Communications Company Profile (Get Rating)

Sequans Communications SA designs, develops, and supplies cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, South Korea, China, rest of Asia, the United States, and internationally. It offers a set of 5G/4G chips and modules for non-smartphone devices.

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Earnings History and Estimates for Sequans Communications (NYSE:SQNS)

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