Analysts Set Expectations for T-Mobile US, Inc.’s Q1 2018 Earnings (TMUS)
T-Mobile US, Inc. (NASDAQ:TMUS) – Research analysts at KeyCorp lifted their Q1 2018 earnings estimates for T-Mobile US in a note issued to investors on Monday. KeyCorp analyst B. Nispel now expects that the Wireless communications provider will post earnings per share of $0.42 for the quarter, up from their previous estimate of $0.41. KeyCorp has a “Buy” rating and a $76.00 price target on the stock. KeyCorp also issued estimates for T-Mobile US’s Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.57 EPS and Q4 2018 earnings at $0.39 EPS.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The firm had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the previous year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year.
Shares of T-Mobile US (NASDAQ TMUS) traded down $0.61 during trading on Wednesday, hitting $63.00. 2,384,300 shares of the stock were exchanged, compared to its average volume of 2,395,767. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92. T-Mobile US has a 52-week low of $54.60 and a 52-week high of $68.88. The stock has a market cap of $52,410.00, a P/E ratio of 24.71, a P/E/G ratio of 1.04 and a beta of 0.29.
Several hedge funds have recently added to or reduced their stakes in TMUS. Rational Advisors LLC acquired a new position in shares of T-Mobile US in the 3rd quarter valued at $105,000. Capital Bank & Trust Co lifted its stake in shares of T-Mobile US by 3,128.6% in the 3rd quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock valued at $139,000 after purchasing an additional 2,190 shares during the period. Opera Trading Capital acquired a new position in shares of T-Mobile US in the 3rd quarter valued at $154,000. Captrust Financial Advisors acquired a new position in shares of T-Mobile US in the 2nd quarter valued at $159,000. Finally, Renaissance Group LLC acquired a new position in shares of T-Mobile US in the 3rd quarter valued at $201,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Peter A. Ewens sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $62.95, for a total value of $629,500.00. Following the sale, the executive vice president now directly owns 166,434 shares of the company’s stock, valued at approximately $10,477,020.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David A. Miller sold 15,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $62.78, for a total transaction of $941,700.00. Following the completion of the sale, the executive vice president now directly owns 104,448 shares in the company, valued at $6,557,245.44. The disclosure for this sale can be found here. Insiders sold a total of 48,620 shares of company stock worth $3,068,292 over the last ninety days. Insiders own 0.29% of the company’s stock.
T-Mobile US declared that its board has initiated a stock repurchase plan on Wednesday, December 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the Wireless communications provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
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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 U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 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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