Analysts Expect United States Cellular Corporation (USM) to Post $0.16 Earnings Per Share

Wall Street analysts forecast that United States Cellular Corporation (NYSE:USM) will report $0.16 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for United States Cellular Corporation’s earnings. The lowest EPS estimate is ($0.03) and the highest is $0.47. United States Cellular Corporation posted earnings of $0.20 per share in the same quarter last year, which would suggest a negative year over year growth rate of 20%. The business is scheduled to announce its next quarterly earnings results on Friday, November 3rd.

According to Zacks, analysts expect that United States Cellular Corporation will report full-year earnings of $0.34 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.80. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.14 per share, with EPS estimates ranging from ($0.14) to $0.33. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover United States Cellular Corporation.

United States Cellular Corporation (NYSE:USM) last announced its earnings results on Friday, August 4th. The Wireless communications provider reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.03). United States Cellular Corporation had a net margin of 1.26% and a return on equity of 1.12%. The firm had revenue of $963.00 million during the quarter, compared to analysts’ expectations of $949.43 million. During the same quarter in the prior year, the company earned $0.32 EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis.

A number of research firms have recently commented on USM. Zacks Investment Research raised United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, August 2nd. BidaskClub raised United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. United States Cellular Corporation presently has an average rating of “Hold” and a consensus target price of $37.33.

Shares of United States Cellular Corporation (NYSE USM) traded down 0.05% during trading on Wednesday, reaching $36.76. 35,053 shares of the company’s stock were exchanged. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 64.27 and a beta of 0.81. The stock has a 50-day moving average price of $36.11 and a 200 day moving average price of $37.99. United States Cellular Corporation has a 12 month low of $33.30 and a 12 month high of $46.01.

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In other news, EVP Steven T. Campbell sold 18,292 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $39.95, for a total value of $730,765.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of USM. Sei Investments Co. increased its stake in United States Cellular Corporation by 19.7% in the 1st quarter. Sei Investments Co. now owns 2,897 shares of the Wireless communications provider’s stock valued at $108,000 after purchasing an additional 476 shares in the last quarter. Citigroup Inc. increased its stake in United States Cellular Corporation by 2,940.5% in the 2nd quarter. Citigroup Inc. now owns 3,375 shares of the Wireless communications provider’s stock valued at $130,000 after purchasing an additional 3,264 shares in the last quarter. Legal & General Group Plc increased its stake in United States Cellular Corporation by 183.9% in the 2nd quarter. Legal & General Group Plc now owns 6,280 shares of the Wireless communications provider’s stock valued at $241,000 after purchasing an additional 4,068 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in United States Cellular Corporation by 8.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,710 shares of the Wireless communications provider’s stock valued at $257,000 after purchasing an additional 515 shares in the last quarter. Finally, Parkwood LLC purchased a new position in United States Cellular Corporation in the 2nd quarter valued at approximately $259,000. 14.67% of the stock is owned by institutional investors and hedge funds.

About United States Cellular Corporation

United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.

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Earnings History and Estimates for United States Cellular Corporation (NYSE:USM)

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