Wall Street analysts predict that United States Cellular Corp (NYSE:USM) will report sales of $1.05 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for United States Cellular’s earnings, with the lowest sales estimate coming in at $1.03 billion and the highest estimate coming in at $1.06 billion. United States Cellular also posted sales of $1.05 billion in the same quarter last year. The business is expected to announce its next quarterly earnings report on Friday, February 28th.
On average, analysts expect that United States Cellular will report full year sales of $4.00 billion for the current fiscal year, with estimates ranging from $3.98 billion to $4.03 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.05 billion, with estimates ranging from $4.00 billion to $4.12 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow United States Cellular.
United States Cellular (NYSE:USM) last announced its earnings results on Thursday, October 31st. The Wireless communications provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.09). The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. United States Cellular had a net margin of 3.21% and a return on equity of 3.12%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS.
A number of equities analysts recently issued reports on the stock. ValuEngine upgraded shares of United States Cellular from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. raised shares of United States Cellular from a “neutral” rating to an “overweight” rating and set a $45.00 price target for the company in a report on Monday, November 4th. Raymond James raised shares of United States Cellular from an “outperform” rating to a “strong-buy” rating and cut their price target for the company from $53.00 to $49.00 in a report on Monday, November 4th. B. Riley cut their price target on shares of United States Cellular from $50.00 to $42.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Finally, Wells Fargo & Co cut their price target on shares of United States Cellular from $50.00 to $40.00 and set a “market perform” rating for the company in a report on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.75.
USM traded up $0.38 on Wednesday, reaching $33.98. The company had a trading volume of 222,300 shares, compared to its average volume of 253,139. The company has a fifty day moving average of $34.88 and a 200-day moving average of $39.83. The company has a market capitalization of $2.92 billion, a P/E ratio of 19.76, a PEG ratio of 24.34 and a beta of 0.76. The company has a current ratio of 2.08, a quick ratio of 1.92 and a debt-to-equity ratio of 0.59. United States Cellular has a one year low of $30.74 and a one year high of $59.74.
In other United States Cellular news, CEO Kenneth R. Meyers sold 15,393 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $37.34, for a total transaction of $574,774.62. Following the completion of the sale, the chief executive officer now directly owns 40,378 shares of the company’s stock, valued at $1,507,714.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory P. Josefowicz sold 2,374 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $35.25, for a total transaction of $83,683.50. Following the sale, the director now directly owns 14,667 shares of the company’s stock, valued at $517,011.75. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Point72 Hong Kong Ltd purchased a new stake in United States Cellular during the second quarter valued at about $35,000. Advisor Group Inc. increased its holdings in shares of United States Cellular by 68.5% in the 2nd quarter. Advisor Group Inc. now owns 868 shares of the Wireless communications provider’s stock valued at $39,000 after purchasing an additional 353 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of United States Cellular in the 2nd quarter valued at about $41,000. Trust Co. of Vermont acquired a new position in shares of United States Cellular in the 2nd quarter valued at about $54,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of United States Cellular in the 2nd quarter valued at about $58,000. 17.74% of the stock is owned by institutional investors.
About United States Cellular
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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