uploads///Telecom Sprint Q Analysts Recommendations

Sprint Stock: What to Expect in 2019


May. 16 2019, Published 12:38 p.m. ET

Analysts’ target price

According to analysts’ consensus, Sprint (S) has a target price of $6.18 compared to its current market price of $5.99—an estimated rise of 3.2% over the next 12 months.

Among the 20 analysts tracking Sprint, two recommended a “buy,” 14 recommended a “hold,” and four recommended a “sell” as of May 14.

On May 14, Sprint closed at $5.99, which was 0.5% lower than its previous closing price, 18.8% higher than its 52-week low of $5.04, and 9.4% lower than its 52-week high of $6.61. The company’s market cap is $24.4 billion.

Sign up for Bagels & Stox, our witty take on the top market and investment news, straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.

Based on Sprint’s closing price on May 14, the company has reported returns of 3.5% in the last five trading days, -1.8% in the trailing one-month period, and 16.5% in the trailing 12-month period. The company has reported returns of 2.9% year-to-date.

Article continues below advertisement

Growth projections

Analysts expect Sprint to post an adjusted EPS of $0.02 in the first quarter—the quarter ending June 30, $0.01 in the second quarter, -$0.02 in the third quarter, and -$0.01 in the fourth quarter. Analysts also expect Sprint’s revenues to see year-over-year changes of -1.0% to $8.04 billion in the first quarter, -2.5% to $8.22 billion in the second quarter, -2.1% to $8.42 billion in the third quarter, and -2.8% to $8.20 billion in the fourth quarter.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.