Wall Street brokerages forecast that T-Mobile US Inc (NASDAQ:TMUS) will report sales of $10.44 billion for the current fiscal quarter, Zacks Investment Research reports. Fifteen analysts have made estimates for T-Mobile US’s earnings. The highest sales estimate is $10.83 billion and the lowest is $10.26 billion. T-Mobile US posted sales of $9.61 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.6%. The business is expected to issue its next quarterly earnings report on Monday, April 23rd.
According to Zacks, analysts expect that T-Mobile US will report full-year sales of $10.44 billion for the current year, with estimates ranging from $42.27 billion to $44.06 billion. For the next financial year, analysts expect that the firm will post sales of $45.27 billion per share, with estimates ranging from $44.34 billion to $46.65 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow T-Mobile US.
T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share for the quarter, topping the 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 business had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.84 billion. During the same quarter last year, the company earned $0.45 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis.
Several brokerages have recently weighed in on TMUS. BidaskClub raised T-Mobile US from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Guggenheim initiated coverage on T-Mobile US in a research report on Tuesday. They set a “buy” rating and a $80.00 target price on the stock. Macquarie raised T-Mobile US from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 14th. KeyCorp reaffirmed a “buy” rating and set a $76.00 price target on shares of T-Mobile US in a research report on Tuesday, January 2nd. Finally, Morgan Stanley lifted their price target on T-Mobile US from $72.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and four have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $70.65.
Shares of T-Mobile US (NASDAQ:TMUS) traded up $0.14 during midday trading on Monday, hitting $64.92. The stock had a trading volume of 2,015,121 shares, compared to its average volume of 3,900,675. The company has a quick ratio of 0.64, a current ratio of 0.77 and a debt-to-equity ratio of 1.30. T-Mobile US has a 1-year low of $54.60 and a 1-year high of $68.88. The firm has a market cap of $55,350.00, a price-to-earnings ratio of 12.58, a PEG ratio of 0.85 and a beta of 0.38.
T-Mobile US declared that its board has initiated a share buyback plan on Wednesday, December 6th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
In other news, CFO J Braxton Carter II sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $65.96, for a total value of $989,400.00. Following the transaction, the chief financial officer now owns 199,788 shares of the company’s stock, valued at $13,178,016.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas Christopher Keys sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $65.50, for a total value of $1,637,500.00. Following the completion of the transaction, the insider now directly owns 406,883 shares in the company, valued at approximately $26,650,836.50. The disclosure for this sale can be found here. In the last three months, insiders bought 1,840,000 shares of company stock worth $110,974,950 and sold 113,872 shares worth $7,300,318. Insiders own 0.29% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. OTA Financial Group L.P. purchased a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $18,665,000. Xact Kapitalforvaltning AB boosted its stake in shares of T-Mobile US by 5.4% in the fourth quarter. Xact Kapitalforvaltning AB now owns 62,436 shares of the Wireless communications provider’s stock valued at $3,965,000 after buying an additional 3,207 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of T-Mobile US by 2.3% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 246,914 shares of the Wireless communications provider’s stock valued at $15,682,000 after buying an additional 5,535 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in shares of T-Mobile US by 121.4% in the fourth 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 valued at $11,559,000 after buying an additional 99,797 shares in the last quarter. Finally, Meitav Dash Investments Ltd. purchased a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $644,000. 35.68% of the stock is currently owned by institutional investors and hedge funds.
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T-Mobile US Company Profile
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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