Brokerages forecast that U.S. Cellular (NYSE:USM) will post earnings per share of $0.21 for the current quarter, according to Zacks. Three analysts have issued estimates for U.S. Cellular’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.16. U.S. Cellular posted earnings per share of $0.17 during the same quarter last year, which indicates a positive year over year growth rate of 23.5%. The company is expected to report its next earnings report on Friday, August 3rd.
According to Zacks, analysts expect that U.S. Cellular will report full year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.63 to $0.75. For the next fiscal year, analysts expect that the firm will post earnings of $0.71 per share, with EPS estimates ranging from $0.19 to $1.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow U.S. Cellular.
U.S. Cellular (NYSE:USM) last released its quarterly earnings results on Tuesday, May 1st. The Wireless communications provider reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.11. U.S. Cellular had a net margin of 0.80% and a return on equity of 1.82%. The business had revenue of $942.00 million for the quarter, compared to analysts’ expectations of $948.66 million. During the same period in the prior year, the firm earned $0.31 earnings per share. U.S. Cellular’s revenue was up .6% compared to the same quarter last year.
Several research firms have recently commented on USM. ValuEngine cut shares of U.S. Cellular from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. Raymond James upgraded shares of U.S. Cellular from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded shares of U.S. Cellular from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Tuesday, February 27th.
Shares of USM traded up $0.40 during mid-day trading on Friday, hitting $36.75. 76,600 shares of the company traded hands, compared to its average volume of 126,941. U.S. Cellular has a one year low of $32.06 and a one year high of $41.82. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.58 and a quick ratio of 2.35. The stock has a market capitalization of $3.09 billion, a P/E ratio of 63.33, a price-to-earnings-growth ratio of 52.86 and a beta of 0.45.
In related news, Director J Samuel Crowley sold 1,926 shares of the stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $39.88, for a total value of $76,808.88. Following the transaction, the director now directly owns 4,640 shares in the company, valued at $185,043.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $75,726.40. Following the completion of the transaction, the director now owns 3,350 shares in the company, valued at $134,938. The disclosure for this sale can be found here. Insiders sold 5,118 shares of company stock worth $205,671 over the last 90 days. 1.90% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in USM. SG Americas Securities LLC acquired a new position in U.S. Cellular in the fourth quarter valued at approximately $246,000. Virtu Financial LLC acquired a new stake in U.S. Cellular in the fourth quarter worth $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 U.S. Cellular in the fourth quarter worth $286,000. Barclays PLC raised its holdings in U.S. Cellular by 45.8% in the first quarter. Barclays PLC now owns 7,178 shares of the Wireless communications provider’s stock worth $288,000 after purchasing an additional 2,256 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in U.S. Cellular in the fourth quarter worth $292,000. Institutional investors and hedge funds own 15.45% of the company’s stock.
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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