T-Mobile Us Inc (NASDAQ:TMUS) – William Blair cut their FY2018 earnings per share (EPS) estimates for T-Mobile Us in a report issued on Tuesday, October 30th. William Blair analyst J. Breen now expects that the Wireless communications provider will post earnings per share of $3.24 for the year, down from their prior estimate of $3.26. William Blair also issued estimates for T-Mobile Us’ Q4 2018 earnings at $0.61 EPS.
T-Mobile Us (NASDAQ:TMUS) last released its earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.08. T-Mobile Us had a return on equity of 11.62% and a net margin of 11.63%. The firm had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.73 billion. During the same period in the previous year, the firm posted $0.63 EPS. T-Mobile Us’s revenue for the quarter was up 8.2% on a year-over-year basis.
Several other research firms have also recently commented on TMUS. BidaskClub raised T-Mobile Us from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. Guggenheim boosted their target price on T-Mobile Us from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, September 27th. Nomura boosted their target price on T-Mobile Us from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday. Zacks Investment Research raised T-Mobile Us from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Monday, October 8th. Finally, Moffett Nathanson reissued a “buy” rating on shares of T-Mobile Us in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. T-Mobile Us currently has a consensus rating of “Buy” and a consensus target price of $72.74.
TMUS opened at $68.51 on Thursday. T-Mobile Us has a 12 month low of $54.60 and a 12 month high of $70.94. The firm has a market cap of $54.16 billion, a P/E ratio of 29.92, a P/E/G ratio of 2.19 and a beta of 0.40. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 1.25.
In other T-Mobile Us news, EVP David R. Carey sold 2,000 shares of T-Mobile Us stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $70.57, for a total transaction of $141,140.00. Following the completion of the sale, the executive vice president now directly owns 204,851 shares of the company’s stock, valued at approximately $14,456,335.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David A. Miller sold 5,000 shares of T-Mobile Us stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. Following the sale, the executive vice president now directly owns 122,523 shares of the company’s stock, valued at $7,963,995. The disclosure for this sale can be found here. Insiders have sold a total of 102,622 shares of company stock valued at $6,814,861 over the last ninety days. 0.37% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of T-Mobile Us by 2.2% in the 2nd quarter. BlackRock Inc. now owns 15,091,550 shares of the Wireless communications provider’s stock valued at $901,718,000 after purchasing an additional 323,027 shares during the last quarter. Morgan Stanley lifted its holdings in shares of T-Mobile Us by 44.5% in the 2nd quarter. Morgan Stanley now owns 5,782,115 shares of the Wireless communications provider’s stock valued at $345,483,000 after purchasing an additional 1,781,530 shares during the last quarter. DnB Asset Management AS purchased a new stake in shares of T-Mobile Us in the 2nd quarter valued at about $240,108,000. Paulson & CO. Inc. lifted its holdings in shares of T-Mobile Us by 2.7% in the 2nd quarter. Paulson & CO. Inc. now owns 3,902,560 shares of the Wireless communications provider’s stock valued at $233,178,000 after purchasing an additional 102,560 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of T-Mobile Us by 2.5% in the 2nd quarter. Northern Trust Corp now owns 2,585,959 shares of the Wireless communications provider’s stock valued at $154,512,000 after purchasing an additional 62,311 shares during the last quarter. 32.78% of the stock is owned by institutional investors.
T-Mobile Us Company Profile
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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