T-Mobile US, Inc. (NASDAQ:TMUS) – KeyCorp lowered their FY2017 earnings estimates for shares of T-Mobile US in a research note issued on Monday, according to Zacks Investment Research. KeyCorp analyst B. Nispel now anticipates that the Wireless communications provider will post earnings of $2.29 per share for the year, down from their prior forecast of $2.33. KeyCorp currently has a “Buy” rating and a $76.00 target price on the stock. KeyCorp also issued estimates for T-Mobile US’s FY2018 earnings at $2.14 EPS.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The firm had revenue of $10.02 billion for the quarter, compared to analysts’ expectations of $10.01 billion. During the same quarter in the previous year, the company earned $0.27 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year.
TMUS has been the topic of a number of other research reports. UBS Group restated a “buy” rating and issued a $70.00 price objective (down previously from $80.00) on shares of T-Mobile US in a report on Monday, November 6th. Deutsche Bank upped their price objective on shares of T-Mobile US to $72.00 and gave the stock a “buy” rating in a report on Monday, December 11th. BidaskClub cut shares of T-Mobile US from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. BTIG Research upped their price objective on shares of T-Mobile US from $74.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $69.86.
T-Mobile US (NASDAQ:TMUS) opened at $63.89 on Thursday. T-Mobile US has a 52-week low of $54.60 and a 52-week high of $68.88. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92. The stock has a market cap of $54,580.00, a PE ratio of 25.05, a P/E/G ratio of 1.05 and a beta of 0.29.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Rational Advisors LLC acquired a new position in shares of T-Mobile US in the 3rd quarter valued at $105,000. Capital Bank & Trust Co raised its position in T-Mobile US by 3,128.6% during the third quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock worth $139,000 after acquiring an additional 2,190 shares during the period. Opera Trading Capital acquired a new position in T-Mobile US during the third quarter worth $154,000. Captrust Financial Advisors acquired a new position in T-Mobile US during the second quarter worth $159,000. Finally, Renaissance Group LLC acquired a new position in T-Mobile US during the third quarter worth $201,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.
In other news, CFO J Braxton Carter II sold 15,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $62.97, for a total value of $944,550.00. Following the completion of the sale, the chief financial officer now owns 163,688 shares in the company, valued at approximately $10,307,433.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter A. Ewens sold 10,000 shares of T-Mobile US stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $65.05, for a total transaction of $650,500.00. Following the sale, the executive vice president now owns 146,434 shares of the company’s stock, valued at approximately $9,525,531.70. The disclosure for this sale can be found here. Insiders sold a total of 73,620 shares of company stock valued at $4,708,192 over the last three months. Corporate insiders own 0.29% of the company’s stock.
T-Mobile US announced that its board has initiated a share buyback program on Wednesday, December 6th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
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About T-Mobile US
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 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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