A Look at Sprint’s Latest Technical Indicators
In this part of the series, we’ll look at Sprint’s (S) technical indicators and compare them with those of other telecommunications companies.
Sprint’s management has indicated that the company is currently pursuing various initiatives, the most interesting of which is its deployment of the Magic Box.
On May 19, 2017, Sprint’s (S) forward EV-to-EBITDA ratio was ~5.60x, lower than T-Mobile’s (TMUS) ~6.87x.
Sprint’s strong postpaid phone net additions for fiscal 2016 are evidence that its network is becoming more competitive with its larger peers.
Sprint’s management has indicated that the carrier views its 2.5 GHz spectrum as low-band for 5G, and it plans to provide commercial 5G services and devices in late 2019.
Sprint’s device leasing has helped it to regain its financial position. The take rates of Sprint’s leasing plans have continued to surpass its installment plans in the last few quarters.
Sprint (S) has been struggling to move toward profits lately. The company hasn’t reported a positive net income over the past few quarters.
Sprint’s postpaid phone average billing per user fell ~4.0% YoY (year-over-year) from $71.53 in fiscal 4Q15 to $68.66 in fiscal 4Q16.
During Sprint’s fiscal 4Q16 earnings conference call, its management made a comment that gave credence to hopes of a T-Mobile (TMUS) merger.
In fiscal 2016, Sprint realized $2.1 billion worth of cost reductions, of which ~$500 million were realized in fiscal 4Q16, the quarter that ended in March 2017.
In fiscal 4Q16, Sprint spent just over $0.9 billion in cash capex, a fall compared to $1.2 billion in fiscal 3Q16 and $1.3 billion in fiscal 4Q15.
T-Mobile (TMUS) was trading at an EV-to-EBITDA multiple of 7.34x.
Sprint (S) has an EV (enterprise value) of ~$61.9 billion.
The FCC (Federal Communications Commission) voted in April to undo the rule that imposed price limits on the business data services (or BDS) market.
The FCC (Federal Communications Commission) is rewriting rules that Comcast (CMCSA) executives have called investment-killing regulations.
AT&T (T) generated investor returns of -7.1% in the trailing-one-month period and -4.2% in the trailing-12-month period.
The results of the FCC’s (Federal Communications Commission) $19.8 billion spectrum auction offer a glimpse of how future telecommunications deals could look.
In an announcement designed to coincide with the celebration of Earth Day 2017, T-Mobile (TMUS) said it had agreed to buy 160 MW (megawatts) of renewable energy.
T-Mobile (TMUS) ran away with the largest chunk of the low-band 600 MHz spectrum that the US (SPY) FCC (Federal Communications Commission) put up for auction.
The report that AT&T (T) lost 191,000 postpaid subscribers in 1Q17 wasn’t surprising.