Equities research analysts expect United States Cellular Corp (NYSE:USM) to post earnings per share of ($0.08) for the current quarter, according to Zacks. Three analysts have made estimates for United States Cellular’s earnings, with the lowest EPS estimate coming in at ($0.21) and the highest estimate coming in at $0.10. United States Cellular reported earnings per share of ($0.07) in the same quarter last year, which indicates a negative year over year growth rate of 14.3%. The company is expected to issue its next quarterly earnings results on Friday, February 23rd.
On average, analysts expect that United States Cellular will report full year earnings of ($3.18) per share for the current fiscal year, with EPS estimates ranging from ($3.30) to ($2.96). For the next financial year, analysts anticipate that the business will report earnings of $0.85 per share, with EPS estimates ranging from $0.09 to $2.60. Zacks’ EPS averages are an average based on a survey of research analysts that cover United States Cellular.
Several research firms recently commented on USM. ValuEngine lowered shares of United States Cellular from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research lowered shares of United States Cellular from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $34.50.
United States Cellular (NYSE:USM) traded up $0.07 during midday trading on Friday, reaching $33.01. 30,498 shares of the company traded hands, compared to its average volume of 90,305. United States Cellular has a 52-week low of $32.06 and a 52-week high of $45.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.23 and a quick ratio of 2.08. The stock has a market capitalization of $2,824.55, a price-to-earnings ratio of 85.21, a price-to-earnings-growth ratio of 123.07 and a beta of 0.68.
A number of hedge funds and other institutional investors have recently bought and sold shares of USM. Citigroup Inc. raised its holdings in United States Cellular by 2,940.5% in the second quarter. Citigroup Inc. now owns 3,375 shares of the Wireless communications provider’s stock valued at $130,000 after buying an additional 3,264 shares during the period. MUFG Americas Holdings Corp purchased a new stake in shares of United States Cellular during the third quarter valued at approximately $218,000. Legal & General Group Plc raised its stake in shares of United States Cellular by 183.9% during the second 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 during the period. SG Americas Securities LLC purchased a new stake in shares of United States Cellular during the fourth quarter valued at approximately $246,000. Finally, Virtu Financial LLC purchased a new stake in shares of United States Cellular during the fourth quarter valued at approximately $253,000. Hedge funds and other institutional investors own 14.51% of the company’s stock.
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United States Cellular Company Profile
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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