Wall Street analysts expect Sequans Communications SA (NYSE:SQNS) to report 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 the highest EPS estimate coming in at ($0.06) and the lowest estimate coming in at ($0.07). Sequans Communications also reported earnings of ($0.07) per share in the same quarter last year. The business is expected to report its next quarterly earnings results before the market opens on Tuesday, July 30th.

On average, analysts expect that Sequans Communications will report full year earnings of ($0.24) per share for the current fiscal 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 calculations are a mean average based on a survey of sell-side research analysts that follow Sequans Communications.

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

A number of brokerages have issued reports on SQNS. Roth Capital set a $3.00 price target on Sequans Communications and gave the stock a “buy” rating in a research note on Monday, April 22nd. Zacks Investment Research upgraded GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Friday, May 31st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $2.23.

Shares of NYSE:SQNS traded down $0.05 during midday trading on Monday, hitting $0.83. The company had a trading volume of 360,761 shares, compared to its average volume of 147,953. The firm has a market cap of $70.41 million, a P/E ratio of -2.31 and a beta of 2.79. Sequans Communications has a 12-month low of $0.75 and a 12-month high of $1.96. The business has a fifty day simple moving average of $0.92.

An institutional investor recently bought a new position in Sequans Communications stock. Banque Pictet & Cie SA acquired a new stake in shares of Sequans Communications SA (NYSE:SQNS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 160,000 shares of the semiconductor company’s stock, valued at approximately $176,000. Banque Pictet & Cie SA owned approximately 0.20% of Sequans Communications as of its most recent SEC filing. 36.21% of the stock is currently 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 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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