Sequans Communications SA (SQNS) Expected to Announce Quarterly Sales of $7.65 Million

Wall Street brokerages expect Sequans Communications SA (NYSE:SQNS) to post $7.65 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Sequans Communications’ earnings, with estimates ranging from $7.40 million to $7.90 million. Sequans Communications posted sales of $11.23 million in the same quarter last year, which would indicate a negative year over year growth rate of 31.9%. The company is expected to report its next earnings report before the market opens on Thursday, May 9th.

According to Zacks, analysts expect that Sequans Communications will report full year sales of $44.92 million for the current year, with estimates ranging from $42.55 million to $47.30 million. For the next financial year, analysts expect that the firm will report sales of $79.86 million, with estimates ranging from $74.22 million to $85.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Sequans Communications.

Sequans Communications (NYSE:SQNS) last posted its earnings results on Tuesday, February 19th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The company had revenue of $6.10 million during the quarter, compared to the consensus estimate of $10.39 million. Sequans Communications had a negative net margin of 91.72% and a negative return on equity of 523.25%. The business’s quarterly revenue was down 46.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) earnings per share.

A number of equities research analysts recently weighed in on SQNS shares. Zacks Investment Research cut shares of Sequans Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. Robert W. Baird reaffirmed a “buy” rating on shares of Sequans Communications in a report on Tuesday, February 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $1.75 target price on shares of Sequans Communications in a report on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1.97.

SQNS stock traded down $0.02 during mid-day trading on Monday, reaching $1.06. The company had a trading volume of 300 shares, compared to its average volume of 173,878. Sequans Communications has a one year low of $0.75 and a one year high of $2.24. The company has a debt-to-equity ratio of 4.36, a quick ratio of 1.31 and a current ratio of 1.64. The stock has a market capitalization of $84.03 million, a price-to-earnings ratio of -2.92 and a beta of 3.06.

An institutional investor recently bought a new position in Sequans Communications stock. FMR LLC purchased a new position in Sequans Communications SA (NYSE:SQNS) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 393,300 shares of the semiconductor company’s stock, valued at approximately $558,000. FMR LLC owned approximately 0.49% of Sequans Communications at the end of the most recent quarter. 37.08% of the stock is owned by 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 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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