The stock was already trending lower due to the uncertain future of Sprint's proposed merger with T-Mobile US ( NASDAQ:TMUS) when the company presented a mixed third-quarter earnings report. The T-Mobile/Sprint deal has been stuck in legal limbo since 2018.
Full Answer
What happened to Sprint shares?
Effective at the beginning of today's trading session, T-Mobile will trade on the NASDAQ on a combined basis under the ticker symbol “TMUS.” The Sprint shares will no longer trade on the New York Stock Exchange. PJT Partners and Goldman Sachs acted as financial advisors to T-Mobile.
Why is TMUS down so much?
TMUS stock tumbled in August 2021 after a major customer data breach that impacted over 54 million customer accounts. T-Mobile stock owns a IBD Relative Strength Rating of 78 out of a best-possible 99, according to IBD Stock Checkup. The best stocks tend to have an RS Rating of at least 80.
What happens to Sprint stock after merger?
Topline: After a federal judge on Tuesday approved the $26 billion merger between T-Mobile and Sprint, shares of both companies have already surged by 12% and 77%, respectively—with more upside still to come after the merger is finalized and the newly combined company begins to transition to 5G, according to one expert ...
Is TMUS a buy?
The financial health and growth prospects of TMUS, demonstrate its potential to perform inline with the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.
Is Sprint going out of business?
Shuttering Sprint's 4G LTE network is the latest shutdown for T-Mobile. Last July the carrier turned off Sprint's 5G network to bolster its own 5G offering while it has more recently announced that plans to shutter Sprint's older 3G CDMA network on Jan. 1, 2022.
Is T-Mobile growing?
Even before today's news, T-Mobile was already the fastest growing broadband provider in America. In the most recent quarter available, the fourth quarter of 2021, T-Mobile added more broadband customers than any other provider in the country.
Can I still buy Sprint stock?
You can buy Sprint stock right now if you've already opened a brokerage account with a broker that has access to New York Stock Exchange (NYSE) traded stocks.
Is it good to buy stock before a merger?
Stock prices of potential target companies tend to rise well before a merger or acquisition has officially been announced. Even a whispered rumor of a merger can trigger volatility that can be profitable for investors, who often buy stocks based on the expectation of a takeover.
What happens if you own stock in a company that gets bought out?
If the buyout is an all-cash deal, shares of your stock will disappear from your portfolio at some point following the deal's official closing date and be replaced by the cash value of the shares specified in the buyout. If it is an all-stock deal, the shares will be replaced by shares of the company doing the buying.
Will Tmobile stock go back up?
The 27 analysts offering 12-month price forecasts for T-Mobile US Inc have a median target of 165.00, with a high estimate of 230.00 and a low estimate of 128.00. The median estimate represents a +19.05% increase from the last price of 138.60.
What is the target price for TMUS?
Stock Price Target TMUSHigh$230.00Median$167.50Low$128.00Average$171.46Current Price$133.99
Will tmobile ever pay a dividend?
Using the company's revised guidance, T-Mobile's free cash flow totaled should be almost $7.4 billion in 2022. Therefore, T-Mobile could use $3.7 billion to pay each of its 1.24 billion shares outstanding an annual dividend of $2.98. Based on the current share price of ~$123, T-Mobile's dividend yield would be 0.8%.
Is Sprint a buy right now?
14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sprint in the last twelve months. There are currently 2...
How were Sprint's earnings last quarter?
Sprint (NYSE:SPRINT) released its quarterly earnings results on Tuesday, September, 7th. The cell phone carrier reported ($0.57) earnings per share...
What price target have analysts set for SPRINT?
14 analysts have issued twelve-month target prices for Sprint's shares. Their forecasts range from $57.00 to $82.00. On average, they expect Sprint...
Who are Sprint's key executives?
Sprint's management team includes the following people: Mr. Raul Marcelo Claure , Exec. Chairman (Age 49) Mr. Michel Combes , Pres, CEO & Direc...
Who are some of Sprint's key competitors?
Some companies that are related to Sprint include Crown Castle International (CCI) , SBA Communications (SBAC) , BlackBerry (BB) , United State...
What is Sprint's stock symbol?
Sprint trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPRINT."
How much money does Sprint make?
Sprint has a market capitalization of $0.00 and generates $93.06 million in revenue each year.
How many employees does Sprint have?
Sprint employs 850 workers across the globe.
What is Sprint's official website?
The official website for Sprint is www.sprint.com .
Sprint's balance sheet debt, off balance sheet debt, and lack of profitability all suggest that Sprint stock's big gains won't last
There’s no question that Sprint Corp (NYSE: S) has had a nice run throughout 2016, up 85%. Just about all of the gains in Sprint stock have come over the past three months, after Sprint’s fiscal first-quarter results back in late July. S stock has held and added to those 20%-plus gains in response.
Sprint and All Its Adjustments
Sprint does what a lot of struggling companies do: It tries hard to avoid actual numbers in favor of adjustments. If you look at Sprint’s fiscal first-quarter report, it is nothing but a laundry list of whats-ifs and buts.
A Sprint Stock Offering Is Inevitable
All things considered, I am not sure Sprint will ever be net income-positive. I think it has too much debt with interest payments and maturing debt that will prevent it from achieving financial stability. Keep in mind that Sprint had $3.6 billion in debt mature this year.
3.4 Analyst's Opinion
Sprint has received a consensus rating of Buy. The company's average rating score is 2.86, and is based on 12 buy ratings, 2 hold ratings, and no sell ratings.
Is Sprint a buy right now?
14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sprint in the last twelve months. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Sprint stock. View analyst ratings for Sprint or view top-rated stocks.
How were Sprint's earnings last quarter?
Sprint (NYSE:SPRINT) announced its quarterly earnings data on Tuesday, September, 7th. The cell phone carrier reported ($0.57) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.20) by $0.37.
What price target have analysts set for SPRINT?
14 brokers have issued 1 year target prices for Sprint's stock. Their forecasts range from $57.00 to $82.00. On average, they expect Sprint's share price to reach $72.43 in the next year. View analysts' price targets for Sprint or view top-rated stocks among Wall Street analysts.
Who are some of Sprint's key competitors?
Some companies that are related to Sprint include Crown Castle International (CCI), SBA Communications (SBAC), BlackBerry (BB), United States Cellular (USM), Telephone and Data Systems (TDS), Shenandoah Telecommunications (SHEN) and Spok (SPOK). View all of SPRINT's competitors.
What is Sprint's stock symbol?
Sprint trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPRINT."
When did Sprint's lock-up period expire?
Sprint's lock-up period expired on Monday, December 27th. Sprint had issued 35,000,000 shares in its initial public offering on June 30th. The total size of the offering was $1,225,000,000 based on an initial share price of $35.00.
