T-Mobile US, Inc. (NASDAQ:TMUS) – Stock analysts at Oppenheimer boosted their FY2018 earnings per share (EPS) estimates for T-Mobile US in a research report issued on Wednesday. Oppenheimer analyst T. Horan now anticipates that the Wireless communications provider will post earnings per share of $3.10 for the year, up from their prior estimate of $3.09. Oppenheimer also issued estimates for T-Mobile US’s FY2019 earnings at $3.92 EPS.
Other research analysts also recently issued reports about the stock. Moffett Nathanson reiterated a “neutral” rating on shares of T-Mobile US in a research report on Thursday, October 12th. Jefferies Group reiterated a “top pick” rating and issued a $62.78 price target (down from $72.00) on shares of T-Mobile US in a research report on Tuesday, November 28th. Morgan Stanley increased their price target on shares of T-Mobile US from $72.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Macquarie reiterated a “hold” rating and issued a $68.00 price target on shares of T-Mobile US in a research report on Tuesday, October 24th. Finally, Societe Generale began coverage on shares of T-Mobile US in a research report on Tuesday, October 24th. They issued a “buy” rating and a $71.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $69.86.
Shares of T-Mobile US (NASDAQ TMUS) traded down $0.05 during trading on Thursday, reaching $63.84. 3,149,100 shares of the company were exchanged, compared to its average volume of 3,270,900. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. T-Mobile US has a 12 month low of $54.60 and a 12 month high of $68.88. The company has a market capitalization of $53,110.00, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 1.05 and a beta of 0.29.
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 for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.17. The company had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $10.01 billion. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Rational Advisors LLC purchased a new position in T-Mobile US during the third quarter valued at $105,000. Capital Bank & Trust Co grew its stake in T-Mobile US by 3,128.6% during the third quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock valued at $139,000 after acquiring an additional 2,190 shares in the last quarter. Opera Trading Capital purchased a new position in T-Mobile US during the third quarter valued at $154,000. Captrust Financial Advisors purchased a new position in T-Mobile US during the second quarter valued at $159,000. Finally, Renaissance Group LLC purchased a new position in T-Mobile US during the third quarter valued at $201,000. 34.93% of the stock is owned by institutional investors.
In related news, EVP Peter A. Ewens sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $62.95, for a total transaction of $629,500.00. Following the completion of the transaction, the executive vice president now directly owns 166,434 shares of the company’s stock, valued at $10,477,020.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elizabeth A. Mcauliffe sold 4,310 shares of the firm’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $64.10, for a total transaction of $276,271.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,620 shares of company stock valued at $4,708,192. Corporate insiders own 0.29% of the company’s stock.
T-Mobile US declared that its board has authorized a stock buyback plan on Wednesday, December 6th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the Wireless communications provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board 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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