T-Mobile US Inc (NASDAQ:TMUS) – Investment analysts at Gabelli issued their FY2022 earnings per share estimates for shares of T-Mobile US in a report released on Thursday. Gabelli analyst S. Dluzhevskiy forecasts that the Wireless communications provider will post earnings of $6.75 per share for the year.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.11. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. The firm had revenue of $10.76 billion during the quarter, compared to analysts’ expectations of $10.84 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. T-Mobile US’s revenue was up 5.1% compared to the same quarter last year.
Other research analysts have also recently issued research reports about the company. Deutsche Bank raised their price target on T-Mobile US to $72.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Moffett Nathanson upgraded T-Mobile US from a “neutral” rating to a “buy” rating in a research report on Monday, November 27th. HSBC upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Jefferies Group dropped their price target on T-Mobile US from $83.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Finally, UBS Group restated a “buy” rating and issued a $70.00 price target (down previously from $80.00) on shares of T-Mobile US in a research report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty have given a buy rating and four have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $70.23.
T-Mobile US (NASDAQ TMUS) opened at $60.06 on Monday. T-Mobile US has a 52-week low of $54.60 and a 52-week high of $68.88. The firm has a market capitalization of $51,316.98, a price-to-earnings ratio of 26.81, a PEG ratio of 0.74 and a beta of 0.29. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.77 and a quick ratio of 0.64.
A number of large investors have recently modified their holdings of the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in T-Mobile US by 121.4% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 181,997 shares of the Wireless communications provider’s stock worth $11,559,000 after buying an additional 99,797 shares during the last quarter. Meitav Dash Investments Ltd. acquired a new stake in T-Mobile US in the 4th quarter worth about $644,000. Jump Trading LLC acquired a new stake in T-Mobile US in the 4th quarter worth about $227,000. Metropolitan Life Insurance Co. NY acquired a new stake in T-Mobile US in the 4th quarter worth about $1,069,000. Finally, Vident Investment Advisory LLC boosted its stake in T-Mobile US by 6.5% in the 4th quarter. Vident Investment Advisory LLC now owns 43,766 shares of the Wireless communications provider’s stock worth $2,780,000 after buying an additional 2,673 shares during the last quarter. 34.82% of the stock is currently owned by hedge funds and other institutional investors.
In related news, major shareholder Telekom Holding B.V. Deutsche acquired 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were acquired at an average price of $57.79 per share, with a total value of $17,337,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Peter A. Ewens sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $65.05, for a total value of $650,500.00. Following the completion of the sale, the executive vice president now directly owns 146,434 shares in the company, valued at $9,525,531.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,620 shares of company stock worth $4,708,192. Corporate insiders own 0.29% of the company’s stock.
T-Mobile US announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 6th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the Wireless communications provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
COPYRIGHT VIOLATION WARNING: “Brokers Set Expectations for T-Mobile US Inc’s FY2022 Earnings (TMUS)” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/02/19/brokers-set-expectations-for-t-mobile-us-incs-fy2022-earnings-tmus.html.
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.
Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.