Equities research analysts forecast that United States Cellular Corp (NYSE:USM) will report $994.03 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for United States Cellular’s earnings, with estimates ranging from $981.70 million to $1.01 billion. United States Cellular reported sales of $963.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.2%. The business is expected to announce its next earnings results on Friday, November 2nd.
On average, analysts expect that United States Cellular will report full-year sales of $3.95 billion for the current fiscal year, with estimates ranging from $3.93 billion to $3.97 billion. For the next year, analysts anticipate that the business will report sales of $3.98 billion, with estimates ranging from $3.96 billion to $4.00 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover United States Cellular.
United States Cellular (NYSE:USM) last announced its quarterly earnings results on Friday, November 2nd. The Wireless communications provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.17. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $993.91 million. United States Cellular had a return on equity of 2.78% and a net margin of 1.74%. United States Cellular’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS.
A number of analysts have issued reports on USM shares. ValuEngine downgraded United States Cellular from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Zacks Investment Research downgraded United States Cellular from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. JPMorgan Chase & Co. downgraded United States Cellular from a “neutral” rating to an “underweight” rating and set a $43.00 price target for the company. in a report on Wednesday, July 11th. Finally, Citigroup lifted their price target on United States Cellular from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $48.67.
In other news, EVP Jay Ellison sold 7,309 shares of United States Cellular stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $44.68, for a total transaction of $326,566.12. Following the sale, the executive vice president now owns 71,400 shares in the company, valued at $3,190,152. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Irizarry sold 1,746 shares of United States Cellular stock in a transaction dated Wednesday, September 26th. The stock was sold at an average price of $43.40, for a total value of $75,776.40. Following the sale, the executive vice president now owns 59,300 shares in the company, valued at approximately $2,573,620. The disclosure for this sale can be found here. Insiders have sold 23,769 shares of company stock worth $997,088 in the last quarter. Insiders own 1.60% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of USM. BNP Paribas Arbitrage SA increased its position in shares of United States Cellular by 241.3% during the second quarter. BNP Paribas Arbitrage SA now owns 5,075 shares of the Wireless communications provider’s stock worth $188,000 after purchasing an additional 3,588 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in shares of United States Cellular during the second quarter worth about $222,000. People s United Financial Inc. acquired a new stake in shares of United States Cellular during the second quarter worth about $257,000. GSA Capital Partners LLP acquired a new stake in shares of United States Cellular during the second quarter worth about $265,000. Finally, Sei Investments Co. increased its position in shares of United States Cellular by 980.9% during the second quarter. Sei Investments Co. now owns 7,588 shares of the Wireless communications provider’s stock worth $281,000 after purchasing an additional 6,886 shares in the last quarter. Institutional investors and hedge funds own 15.54% of the company’s stock.
Shares of NYSE USM opened at $56.00 on Friday. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 96.55, a price-to-earnings-growth ratio of 42.12 and a beta of 0.54. The company has a quick ratio of 2.66, a current ratio of 2.90 and a debt-to-equity ratio of 0.41. United States Cellular has a 1 year low of $32.06 and a 1 year high of $56.89.
United States 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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