Equities analysts expect T-Mobile US, Inc. (NASDAQ:TMUS) to announce $0.72 earnings per share for the current quarter, according to Zacks. Fifteen analysts have made estimates for T-Mobile US’s earnings, with the highest EPS estimate coming in at $0.85 and the lowest estimate coming in at $0.56. T-Mobile US reported earnings per share of $0.46 in the same quarter last year, which indicates a positive year over year growth rate of 56.5%. The business is scheduled to announce its next quarterly earnings results on Monday, May 21st.
According to Zacks, analysts expect that T-Mobile US will report full-year earnings of $3.25 per share for the current financial year, with EPS estimates ranging from $2.44 to $3.66. For the next fiscal year, analysts expect that the company will report earnings of $4.00 per share, with EPS estimates ranging from $2.83 to $5.06. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover T-Mobile US.
T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Tuesday, May 1st. The Wireless communications provider reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.07. T-Mobile US had a net margin of 10.90% and a return on equity of 10.41%. The company had revenue of $10.46 billion during the quarter, compared to the consensus estimate of $10.35 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis.
Several equities research analysts have recently commented on TMUS shares. BidaskClub cut shares of T-Mobile US from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Citigroup lifted their price target on shares of T-Mobile US from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, April 30th. Royal Bank of Canada reiterated a “buy” rating and set a price target on shares of T-Mobile US in a research report on Monday, April 30th. Oppenheimer lifted their price target on shares of T-Mobile US and gave the stock an “outperform” rating in a research report on Monday, April 30th. Finally, Wells Fargo cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Monday, April 30th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and four have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $71.29.
Shares of NASDAQ TMUS opened at $56.68 on Friday. T-Mobile US has a 1-year low of $56.30 and a 1-year high of $56.68. The stock has a market capitalization of $47.87 billion, a price-to-earnings ratio of 24.75, a P/E/G ratio of 0.91 and a beta of 0.42. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 1.28.
In related news, CAO Peter Osvaldik sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $65.00, for a total transaction of $260,000.00. Following the completion of the transaction, the chief accounting officer now owns 27,699 shares in the company, valued at $1,800,435. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO G Michael Sievert sold 3,056 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $56.64, for a total transaction of $173,091.84. Following the transaction, the chief operating officer now owns 467,225 shares of the company’s stock, valued at approximately $26,463,624. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 1,175,000 shares of company stock valued at $71,610,200 and have sold 62,118 shares valued at $3,971,079. 0.37% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TMUS. Tybourne Capital Management HK Ltd. acquired a new position in T-Mobile US during the fourth quarter valued at approximately $272,331,000. Maverick Capital Ltd. boosted its holdings in shares of T-Mobile US by 103.0% in the fourth quarter. Maverick Capital Ltd. now owns 3,349,036 shares of the Wireless communications provider’s stock valued at $212,697,000 after buying an additional 1,699,036 shares during the period. Two Sigma Investments LP acquired a new position in shares of T-Mobile US in the fourth quarter valued at approximately $96,296,000. Millennium Management LLC boosted its holdings in shares of T-Mobile US by 144.4% in the fourth quarter. Millennium Management LLC now owns 2,499,252 shares of the Wireless communications provider’s stock valued at $158,727,000 after buying an additional 1,476,469 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in shares of T-Mobile US by 207.7% in the fourth quarter. Allianz Asset Management GmbH now owns 1,931,620 shares of the Wireless communications provider’s stock valued at $122,677,000 after buying an additional 1,303,943 shares during the period. Hedge funds and other institutional investors own 36.06% of the company’s stock.
About T-Mobile US
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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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