Sequans Communications (SQNS) Expected to Announce Earnings of -$0.07 Per Share


Wall Street analysts predict that Sequans Communications (NYSE:SQNS) will announce earnings per share of ($0.07) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Sequans Communications’ earnings. The highest EPS estimate is ($0.06) and the lowest is ($0.07). Sequans Communications posted earnings per share of ($0.06) in the same quarter last year, which indicates a negative year over year growth rate of 16.7%. The firm is expected to report its next earnings results on Tuesday, August 7th.


On average, analysts expect that Sequans Communications will report full year earnings of ($0.25) per share for the current financial year, with EPS estimates ranging from ($0.27) to ($0.23). For the next fiscal year, analysts expect that the firm will post earnings of ($0.11) per share, with EPS estimates ranging from ($0.18) to ($0.05). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Sequans Communications.

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Sequans Communications (NYSE:SQNS) last released its quarterly earnings results on Wednesday, May 2nd. The semiconductor company reported ($0.08) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.08). Sequans Communications had a negative return on equity of 243.68% and a negative net margin of 62.26%. The business had revenue of $11.23 million during the quarter, compared to analyst estimates of $11.23 million. During the same quarter last year, the company posted ($0.06) EPS. Sequans Communications’s revenue for the quarter was down 9.7% on a year-over-year basis.


SQNS has been the subject of a number of recent analyst reports. B. Riley initiated coverage on Sequans Communications in a research report on Wednesday, January 17th. They issued a “buy” rating and a $3.25 price target for the company. Canaccord Genuity reiterated a “buy” rating and issued a $3.75 price target on shares of Sequans Communications in a research report on Wednesday, January 17th. Zacks Investment Research lowered Sequans Communications from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 20th. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 price target on shares of Sequans Communications in a research report on Monday, January 22nd. Finally, ValuEngine lowered Sequans Communications from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $3.75.


Sequans Communications opened at $1.72 on Wednesday, Marketbeat.com reports. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.71. Sequans Communications has a 1-year low of $1.68 and a 1-year high of $1.73. The firm has a market capitalization of $137.64 million, a P/E ratio of -5.55 and a beta of 2.38.

Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new stake in Sequans Communications in the 4th quarter worth about $198,000. Gradient Investments LLC lifted its stake in Sequans Communications by 47.2% in the 4th quarter. Gradient Investments LLC now owns 165,825 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 53,184 shares in the last quarter. Nokomis Capital L.L.C. lifted its stake in Sequans Communications by 67.9% in the 1st quarter. Nokomis Capital L.L.C. now owns 7,628,513 shares of the semiconductor company’s stock worth $12,816,000 after acquiring an additional 3,084,000 shares in the last quarter. Finally, Numen Capital LLP lifted its stake in Sequans Communications by 114.0% in the 1st quarter. Numen Capital LLP now owns 428,000 shares of the semiconductor company’s stock worth $718,000 after acquiring an additional 228,000 shares in the last quarter. 25.88% of the stock is owned by hedge funds and other institutional investors.


Sequans Communications Company Profile

Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband applications. Its solutions incorporate baseband processor and radio frequency (RF) transceiver integrated circuits along with proprietary signal processing techniques, algorithms, and software stacks.

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