Sequans Communications (SQNS) Set to Announce Quarterly Earnings on Wednesday

Posted by Defense World Staff on Apr 26th, 2023

Sequans Communications (NYSE:SQNS – Get Rating) is set to announce its earnings results before the market opens on Wednesday, May 3rd. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Sequans Communications has set its Q1 2023 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Sequans Communications (NYSE:SQNS – Get Rating) last announced its quarterly earnings data on Tuesday, February 14th. The semiconductor company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The firm had revenue of $15.91 million for the quarter, compared to the consensus estimate of $16.45 million. Sequans Communications had a negative net margin of 14.88% and a negative return on equity of 190.73%. On average, analysts expect Sequans Communications to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sequans Communications Stock Down 4.3 %

Shares of SQNS stock opened at $2.20 on Wednesday. The company has a market capitalization of $105.45 million, a price-to-earnings ratio of -11.58 and a beta of 0.86. Sequans Communications has a one year low of $1.86 and a one year high of $4.17. The company’s fifty day moving average price is $2.36 and its 200-day moving average price is $3.04. The company has a debt-to-equity ratio of 23.26, a current ratio of 1.10 and a quick ratio of 0.84.

Institutional Trading of Sequans Communications

A number of institutional investors and hedge funds have recently bought and sold shares of SQNS. UBS Group AG grew its stake in shares of Sequans Communications by 265.0% in the 3rd quarter. UBS Group AG now owns 14,801 shares of the semiconductor company’s stock worth $53,000 after buying an additional 10,746 shares in the last quarter. Susquehanna International Group LLP grew its stake in shares of Sequans Communications by 28.1% in the 4th quarter. Susquehanna International Group LLP now owns 21,654 shares of the semiconductor company’s stock worth $72,000 after buying an additional 4,751 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Sequans Communications in the 4th quarter worth $113,000. Masters Capital Management LLC grew its stake in shares of Sequans Communications by 2.4% in the 4th quarter. Masters Capital Management LLC now owns 1,000,000 shares of the semiconductor company’s stock worth $3,320,000 after buying an additional 23,210 shares in the last quarter. Finally, North Run Capital LP grew its stake in shares of Sequans Communications by 3.7% in the 4th quarter. North Run Capital LP now owns 1,270,034 shares of the semiconductor company’s stock worth $4,217,000 after buying an additional 44,877 shares in the last quarter. 54.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SQNS. B. Riley reduced their price target on shares of Sequans Communications from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, February 15th. StockNews.com began coverage on shares of Sequans Communications in a report on Thursday, April 6th. They issued a “hold” rating on the stock. Finally, Needham & Company LLC reduced their price target on shares of Sequans Communications from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, February 16th.

Sequans Communications Company Profile

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Sequans Communications SA engages in the design, development, and supply of cellular semiconductor solutions for the broadband and Internet of Things (IoT) markets. The firm offers 5G and 4G chips and modules for non-smartphone devices. Its products and solutions include chips, modules, development kits, and custom technology solutions.