Brokerages expect T-Mobile Us Inc (NASDAQ:TMUS) to post earnings per share of $0.84 for the current fiscal quarter, Zacks reports. Thirteen analysts have provided estimates for T-Mobile Us’ earnings, with the highest EPS estimate coming in at $1.07 and the lowest estimate coming in at $0.63. T-Mobile Us reported earnings of $0.63 per share during the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The firm is expected to announce its next earnings results on Monday, October 22nd.
According to Zacks, analysts expect that T-Mobile Us will report full-year earnings of $3.18 per share for the current year, with EPS estimates ranging from $2.91 to $3.53. For the next fiscal year, analysts anticipate that the company will report earnings of $3.83 per share, with EPS estimates ranging from $3.00 to $4.38. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover T-Mobile Us.
T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, August 1st. The Wireless communications provider reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.06. The company had revenue of $10.57 billion during the quarter, compared to the consensus estimate of $10.65 billion. T-Mobile Us had a return on equity of 10.87% and a net margin of 11.27%. T-Mobile Us’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 EPS.
Several analysts have recently weighed in on the company. Macquarie reissued a “buy” rating and issued a $74.00 target price on shares of T-Mobile Us in a report on Wednesday, June 6th. ValuEngine raised T-Mobile Us from a “strong sell” rating to a “sell” rating in a report on Monday, June 11th. BidaskClub raised T-Mobile Us from a “sell” rating to a “hold” rating in a report on Friday, June 15th. Barclays assumed coverage on T-Mobile Us in a report on Wednesday, June 27th. They issued an “overweight” rating and a $74.00 target price for the company. Finally, Wells Fargo & Co raised T-Mobile Us from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $71.46.
In other T-Mobile Us news, insider Thomas Christopher Keys sold 65,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $65.63, for a total transaction of $4,265,950.00. Following the transaction, the insider now owns 381,883 shares in the company, valued at approximately $25,062,981.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO G Michael Sievert sold 5,851 shares of the business’s stock in a transaction that occurred on Tuesday, July 3rd. The stock was sold at an average price of $59.38, for a total value of $347,432.38. Following the transaction, the chief operating officer now owns 460,700 shares in the company, valued at approximately $27,356,366. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,660 shares of company stock valued at $6,186,665. 0.37% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TMUS. SeaCrest Wealth Management LLC increased its position in T-Mobile Us by 92.3% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,812 shares of the Wireless communications provider’s stock worth $168,000 after purchasing an additional 1,350 shares during the period. Chevy Chase Trust Holdings Inc. acquired a new position in T-Mobile Us during the 2nd quarter worth approximately $208,000. Acadian Asset Management LLC acquired a new position in T-Mobile Us during the 2nd quarter worth approximately $211,000. Lake Street Advisors Group LLC acquired a new position in T-Mobile Us during the 2nd quarter worth approximately $219,000. Finally, Green Square Capital LLC acquired a new position in T-Mobile Us during the 1st quarter worth approximately $221,000. Institutional investors own 32.95% of the company’s stock.
NASDAQ TMUS traded down $0.02 during trading on Friday, reaching $69.11. 116,082 shares of the company’s stock were exchanged, compared to its average volume of 2,459,978. The company has a market capitalization of $57.91 billion, a price-to-earnings ratio of 30.38, a price-to-earnings-growth ratio of 1.32 and a beta of 0.44. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.76 and a quick ratio of 0.66. T-Mobile Us has a 1 year low of $54.60 and a 1 year high of $69.15.
About T-Mobile Us
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
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