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

Equities analysts expect that Sequans Communications SA (NYSE:SQNS) will post earnings of ($0.07) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Sequans Communications’ earnings, with estimates ranging from ($0.07) to ($0.06). Sequans Communications also reported earnings of ($0.07) per share in the same quarter last year. The business is scheduled to issue its next quarterly earnings report on Tuesday, July 30th.

On average, analysts expect that Sequans Communications will report full year earnings of ($0.24) per share for the current year, with EPS estimates ranging from ($0.25) to ($0.22). For the next fiscal year, analysts forecast that the company will report earnings of ($0.05) per share, with EPS estimates ranging from ($0.07) to ($0.02). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Sequans Communications.

Sequans Communications (NYSE:SQNS) last posted its quarterly earnings results on Thursday, May 9th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.01). Sequans Communications had a negative net margin of 103.20% and a negative return on equity of 5,061.35%. The business had revenue of $7.00 million during the quarter, compared to the consensus estimate of $8.17 million. During the same period last year, the firm earned ($0.08) EPS. The business’s revenue for the quarter was down 37.5% on a year-over-year basis.

Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Sequans Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Roth Capital set a $3.00 price target on shares of Sequans Communications and gave the company a “buy” rating in a research report on Monday, April 22nd. Needham & Company LLC reissued a “buy” rating and issued a $1.75 price target on shares of Sequans Communications in a research report on Wednesday, February 20th. Finally, Robert W. Baird reissued a “buy” rating on shares of Sequans Communications in a research report on Tuesday, February 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $2.23.

NYSE SQNS opened at $0.88 on Thursday. Sequans Communications has a 12-month low of $0.75 and a 12-month high of $2.24. The company has a debt-to-equity ratio of 4.36, a quick ratio of 1.34 and a current ratio of 1.70.

A hedge fund recently bought a new stake in Sequans Communications stock. Banque Pictet & Cie SA bought a new position in shares of Sequans Communications SA (NYSE:SQNS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 160,000 shares of the semiconductor company’s stock, valued at approximately $176,000. Banque Pictet & Cie SA owned 0.20% of Sequans Communications at the end of the most recent quarter. 36.21% of the stock is owned by institutional investors.

About Sequans Communications

Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband and Internet of Things 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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