U.S. Cellular (NYSE:USM) – Equities researchers at Gabelli issued their FY2022 EPS estimates for U.S. Cellular in a research note issued to investors on Monday, March 12th, Zacks Investment Research reports. Gabelli analyst S. Dluzhevskiy anticipates that the Wireless communications provider will post earnings of $1.05 per share for the year.
Several other brokerages have also recently commented on USM. Zacks Investment Research upgraded shares of U.S. Cellular from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Tuesday, February 27th. ValuEngine cut shares of U.S. Cellular from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.
Shares of USM opened at $39.89 on Wednesday. U.S. Cellular has a one year low of $32.06 and a one year high of $41.41. The stock has a market capitalization of $3,570.95, a price-to-earnings ratio of 68.78, a PEG ratio of 57.89 and a beta of 0.49. The company has a quick ratio of 1.83, a current ratio of 2.02 and a debt-to-equity ratio of 0.44.
U.S. Cellular (NYSE:USM) last announced its earnings results on Friday, February 23rd. The Wireless communications provider reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.13. U.S. Cellular had a net margin of 0.31% and a return on equity of 1.22%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the company posted ($0.07) earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis.
In other news, Director Ronald E. Daly sold 1,880 shares of the stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $40.28, for a total value of $75,726.40. Following the completion of the sale, the director now directly owns 3,350 shares of the company’s stock, valued at $134,938. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Samuel Crowley sold 1,926 shares of the stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of $39.88, for a total transaction of $76,808.88. Following the completion of the sale, the director now directly owns 4,640 shares of the company’s stock, valued at $185,043.20. The disclosure for this sale can be found here. Insiders sold 6,962 shares of company stock valued at $279,284 over the last three months. 1.60% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its position in shares of U.S. Cellular by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 6,710 shares of the Wireless communications provider’s stock worth $257,000 after purchasing an additional 515 shares in the last quarter. Northern Trust Corp raised its position in U.S. Cellular by 0.6% during the second quarter. Northern Trust Corp now owns 97,485 shares of the Wireless communications provider’s stock valued at $3,734,000 after acquiring an additional 564 shares in the last quarter. Aperio Group LLC raised its position in U.S. Cellular by 11.4% during the fourth quarter. Aperio Group LLC now owns 23,966 shares of the Wireless communications provider’s stock valued at $902,000 after acquiring an additional 2,454 shares in the last quarter. California Public Employees Retirement System raised its position in U.S. Cellular by 4.5% during the fourth quarter. California Public Employees Retirement System now owns 80,039 shares of the Wireless communications provider’s stock valued at $3,012,000 after acquiring an additional 3,448 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in U.S. Cellular by 34.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 14,200 shares of the Wireless communications provider’s stock valued at $534,000 after acquiring an additional 3,600 shares in the last quarter. 14.77% of the stock is owned by institutional investors and hedge funds.
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U.S. Cellular Company Profile
United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.
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