Zacks: Analysts Anticipate U.S. Cellular (USM) to Post $0.21 EPS

Equities research analysts expect U.S. Cellular (NYSE:USM) to report earnings per share of $0.21 for the current quarter, Zacks reports. Three analysts have made estimates for U.S. Cellular’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.06. U.S. Cellular reported earnings of $0.18 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 16.7%. The business is scheduled to report its next quarterly earnings results on Friday, May 4th.

According to Zacks, analysts expect that U.S. Cellular will report full-year earnings of $0.70 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.85. For the next year, analysts anticipate that the firm will post earnings of $0.91 per share, with EPS estimates ranging from $0.71 to $1.21. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for U.S. Cellular.

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U.S. Cellular (NYSE:USM) last posted its quarterly earnings results on Friday, February 23rd. The Wireless communications provider reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.13. U.S. Cellular had a return on equity of 1.22% and a net margin of 0.31%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm earned ($0.07) earnings per share. U.S. Cellular’s quarterly revenue was up 2.3% on a year-over-year basis.

USM has been the topic of a number of analyst reports. ValuEngine cut U.S. Cellular from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded U.S. Cellular from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Tuesday, February 27th.

In other news, SVP Edward Perez sold 1,844 shares of U.S. Cellular stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $39.92, for a total transaction of $73,612.48. Following the sale, the senior vice president now owns 7,845 shares in the company, valued at $313,172.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald E. Daly sold 1,880 shares of U.S. Cellular stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $40.28, for a total value of $75,726.40. Following the sale, the director now owns 3,350 shares in the company, valued at approximately $134,938. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,962 shares of company stock worth $279,284. 1.60% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. MUFG Americas Holdings Corp acquired a new stake in shares of U.S. Cellular during the third quarter worth about $218,000. SG Americas Securities LLC acquired a new stake in shares of U.S. Cellular during the fourth quarter worth about $246,000. Virtu Financial LLC acquired a new stake in shares of U.S. Cellular during the fourth quarter worth about $253,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of U.S. Cellular during the fourth quarter worth about $286,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of U.S. Cellular during the fourth quarter worth about $292,000. Institutional investors and hedge funds own 14.77% of the company’s stock.

U.S. Cellular stock traded down $0.63 during midday trading on Friday, reaching $39.89. The company’s stock had a trading volume of 86,978 shares, compared to its average volume of 181,089. U.S. Cellular has a fifty-two week low of $32.06 and a fifty-two week high of $41.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.02 and a quick ratio of 1.83. The stock has a market cap of $3,515.43, a PE ratio of 68.78, a P/E/G ratio of 56.99 and a beta of 0.49.

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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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Earnings History and Estimates for U.S. Cellular (NYSE:USM)

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