Brokerages forecast that Sequans Communications SA (NYSE:SQNS) will announce $7.65 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Sequans Communications’ earnings. The highest sales estimate is $7.90 million and the lowest is $7.40 million. Sequans Communications reported sales of $11.23 million during the same quarter last year, which indicates a negative year over year growth rate of 31.9%. The firm is expected to announce its next earnings report on Wednesday, May 1st.
According to Zacks, analysts expect that Sequans Communications will report full year sales of $44.92 million for the current financial year, with estimates ranging from $42.55 million to $47.30 million. For the next financial year, analysts forecast that the business will post sales of $79.86 million, with estimates ranging from $74.22 million to $85.50 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Sequans Communications.
Get Sequans Communications alerts:Sequans Communications (NYSE:SQNS) last released its quarterly earnings results on Tuesday, February 19th. The semiconductor company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). Sequans Communications had a negative net margin of 91.72% and a negative return on equity of 523.25%. The business had revenue of $6.10 million during the quarter, compared to analyst estimates of $10.39 million. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. The firm’s quarterly revenue was down 46.0% on a year-over-year basis.
SQNS has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Sequans Communications from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. Robert W. Baird reiterated a “buy” rating on shares of Sequans Communications in a research report on Tuesday, February 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1.75 price target on shares of Sequans Communications in a research report on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $1.97.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. AWM Investment Company Inc. raised its position in Sequans Communications by 2.2% during the third quarter. AWM Investment Company Inc. now owns 9,264,157 shares of the semiconductor company’s stock valued at $13,155,000 after purchasing an additional 198,100 shares in the last quarter. Divisar Capital Management LLC raised its position in Sequans Communications by 30.0% during the fourth quarter. Divisar Capital Management LLC now owns 7,170,592 shares of the semiconductor company’s stock valued at $5,593,000 after purchasing an additional 1,653,976 shares in the last quarter. FMR LLC acquired a new position in Sequans Communications during the third quarter valued at approximately $558,000. Finally, FNY Investment Advisers LLC raised its position in Sequans Communications by 62.1% during the third quarter. FNY Investment Advisers LLC now owns 130,465 shares of the semiconductor company’s stock valued at $185,000 after purchasing an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 37.08% of the company’s stock.
Shares of NYSE SQNS remained flat at $$1.10 during midday trading on Friday. 109,223 shares of the stock were exchanged, compared to its average volume of 195,951. The company has a current ratio of 1.64, a quick ratio of 1.31 and a debt-to-equity ratio of 4.36. Sequans Communications has a 52 week low of $0.75 and a 52 week high of $2.24. The firm has a market capitalization of $89.63 million, a P/E ratio of -3.06 and a beta of 3.07.
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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