Sequans Communications SA (SQNS) Expected to Announce Earnings of -$0.08 Per Share

Equities analysts expect Sequans Communications SA (NYSE:SQNS) to announce ($0.08) earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for Sequans Communications’ earnings, with the highest EPS estimate coming in at ($0.07) and the lowest estimate coming in at ($0.08). Sequans Communications reported earnings per share of ($0.07) in the same quarter last year, which indicates a negative year over year growth rate of 14.3%. The business is scheduled to announce its next quarterly earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that Sequans Communications will report full-year earnings of ($0.23) per share for the current financial year, with EPS estimates ranging from ($0.26) to ($0.19). For the next fiscal year, analysts expect that the company will report earnings of ($0.07) per share, with EPS estimates ranging from ($0.17) to $0.02. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Sequans Communications.

Sequans Communications (NYSE:SQNS) last announced its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.08). The firm had revenue of $11.30 million for the quarter, compared to the consensus estimate of $11.20 million. Sequans Communications had a negative net margin of 54.20% and a negative return on equity of 314.69%. The business’s revenue for the quarter was down 19.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.06) earnings per share.

A number of research firms have recently commented on SQNS. Roth Capital began coverage on shares of Sequans Communications in a report on Friday, January 5th. They issued a “buy” rating and a $4.00 target price for the company. B. Riley began coverage on shares of Sequans Communications in a report on Wednesday, January 17th. They issued a “buy” rating and a $3.25 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $3.00 target price on shares of Sequans Communications in a report on Monday, January 22nd. Zacks Investment Research cut shares of Sequans Communications from a “hold” rating to a “strong sell” rating in a report on Saturday, January 20th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $3.75 target price on shares of Sequans Communications in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $3.75.

Shares of Sequans Communications (SQNS) traded up $0.05 during trading on Monday, reaching $1.60. 275,100 shares of the company’s stock were exchanged, compared to its average volume of 513,752. The firm has a market capitalization of $128.04, a P/E ratio of -4.71 and a beta of 2.36. The company has a debt-to-equity ratio of 4.12, a current ratio of 1.42 and a quick ratio of 1.16. Sequans Communications has a 12-month low of $1.44 and a 12-month high of $4.75.

A number of hedge funds and other institutional investors have recently modified their holdings of SQNS. Verition Fund Management LLC bought a new position in Sequans Communications in the 2nd quarter valued at approximately $220,000. Gilder Gagnon Howe & Co. LLC raised its holdings in Sequans Communications by 18.5% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 918,053 shares of the semiconductor company’s stock valued at $2,883,000 after buying an additional 143,203 shares during the last quarter. FNY Managed Accounts LLC raised its holdings in Sequans Communications by 342.4% in the 3rd quarter. FNY Managed Accounts LLC now owns 180,060 shares of the semiconductor company’s stock valued at $565,000 after buying an additional 139,360 shares during the last quarter. Granite Point Capital Management L.P. raised its holdings in Sequans Communications by 47.9% in the 3rd quarter. Granite Point Capital Management L.P. now owns 339,700 shares of the semiconductor company’s stock valued at $1,067,000 after buying an additional 110,000 shares during the last quarter. Finally, Gradient Investments LLC raised its holdings in Sequans Communications by 47.2% in the 4th quarter. Gradient Investments LLC now owns 165,825 shares of the semiconductor company’s stock valued at $317,000 after buying an additional 53,184 shares during the last quarter. Institutional investors and hedge funds own 27.65% of the company’s stock.

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Sequans Communications Company Profile

Sequans Communications SA is a fabless designer, developer and supplier of fourth Generation long term evolution (4G LTE) semiconductor solutions for wireless broadband applications, with a specific focus on the single-mode device market. Its semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques, algorithms and software stacks.

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

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