T-Mobile US, Inc. (NASDAQ:TMUS) – Research analysts at Oppenheimer lifted their FY2018 EPS estimates for T-Mobile US in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. Oppenheimer analyst T. Horan now forecasts that the Wireless communications provider will post earnings per share of $2.59 for the year, up from their previous estimate of $2.55. Oppenheimer also issued estimates for T-Mobile US’s FY2019 earnings at $3.27 EPS.
T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business earned $0.27 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis.
TMUS has been the topic of several other research reports. KeyCorp set a $72.00 price target on shares of T-Mobile US and gave the company a “buy” rating in a report on Wednesday, October 11th. UBS Group reiterated a “buy” rating and issued a $70.00 price target (down previously from $80.00) on shares of T-Mobile US in a report on Monday, November 6th. Deutsche Bank lifted their price target on shares of T-Mobile US to $72.00 and gave the company 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. Finally, BTIG Research lifted their price target on shares of T-Mobile US from $74.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $69.86.
Shares of T-Mobile US (NASDAQ:TMUS) opened at $63.68 on Thursday. The firm has a market cap of $53,110.00, a price-to-earnings ratio of 24.97, a P/E/G ratio of 1.01 and a beta of 0.29. T-Mobile US has a fifty-two week low of $54.60 and a fifty-two week high of $68.88. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.50.
T-Mobile US declared that its Board of Directors has authorized a share buyback program on Wednesday, December 6th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
In other news, EVP Peter A. Ewens sold 10,000 shares of T-Mobile US stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $62.95, for a total value of $629,500.00. Following the completion of the transaction, the executive vice president now owns 166,434 shares of the company’s stock, valued at approximately $10,477,020.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO J Braxton Carter II sold 15,000 shares of T-Mobile US stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $62.97, for a total value of $944,550.00. Following the completion of the transaction, the chief financial officer now directly owns 163,688 shares of the company’s stock, valued at approximately $10,307,433.36. The disclosure for this sale can be found here. Insiders have sold 73,620 shares of company stock valued at $4,708,192 in the last three months. Insiders own 0.29% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Rational Advisors LLC purchased a new position in T-Mobile US in the 3rd quarter worth about $105,000. Capital Bank & Trust Co raised its position in T-Mobile US by 3,128.6% in the 3rd quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock worth $139,000 after buying an additional 2,190 shares during the last quarter. Opera Trading Capital purchased a new position in T-Mobile US in the 3rd quarter worth about $154,000. Captrust Financial Advisors purchased a new position in T-Mobile US in the 2nd quarter worth about $159,000. Finally, Renaissance Group LLC purchased a new position in T-Mobile US in the 3rd quarter worth about $201,000. 34.93% of the stock is owned by hedge funds and other institutional investors.
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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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