T-Mobile US, Inc. (NASDAQ:TMUS) – Equities researchers at Oppenheimer increased their FY2018 earnings per share (EPS) estimates for T-Mobile US in a report released on Wednesday, according to Zacks Investment Research. Oppenheimer analyst T. Horan now anticipates that the Wireless communications provider will earn $2.59 per share for the year, up from their previous estimate of $2.55. Oppenheimer also issued estimates for T-Mobile US’s FY2019 earnings at $3.27 EPS.
A number of other analysts have also recently commented on TMUS. Moffett Nathanson reaffirmed a “neutral” rating on shares of T-Mobile US in a report on Thursday, October 12th. BidaskClub cut shares of T-Mobile US from a “hold” rating to a “sell” rating in a report on Saturday, September 30th. Royal Bank of Canada reaffirmed a “buy” rating and set a $76.00 target price on shares of T-Mobile US in a report on Tuesday, October 3rd. KeyCorp reaffirmed a “buy” rating and set a $76.00 target price on shares of T-Mobile US in a report on Tuesday, January 2nd. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $70.00 target price on shares of T-Mobile US in a report on Monday, November 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. T-Mobile US has a consensus rating of “Buy” and a consensus target price of $69.86.
T-Mobile US (NASDAQ TMUS) opened at $63.68 on Thursday. T-Mobile US has a twelve month low of $54.60 and a twelve month high of $68.88. The firm has a market cap of $53,110.00, a P/E ratio of 24.97, a PEG ratio of 1.05 and a beta of 0.29. 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 (NASDAQ:TMUS) last released its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.01 billion. During the same period in the previous year, the company earned $0.27 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the business. Rational Advisors LLC bought a new position in T-Mobile US during the third quarter valued at $105,000. Capital Bank & Trust Co lifted its position 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 purchasing an additional 2,190 shares during the last quarter. Opera Trading Capital bought a new position in T-Mobile US during the third quarter valued at $154,000. Captrust Financial Advisors bought a new position in T-Mobile US during the second quarter valued at $159,000. Finally, Renaissance Group LLC bought a new position in T-Mobile US during the third quarter valued at $201,000. Institutional investors and hedge funds own 34.93% of the company’s stock.
In related news, 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 transaction, the executive vice president now owns 104,448 shares in the company, valued at $6,557,245.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Peter A. Ewens sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $62.95, for a total transaction of $629,500.00. Following the transaction, the executive vice president now owns 166,434 shares of the company’s stock, valued at approximately $10,477,020.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,620 shares of company stock valued at $4,708,192. 0.29% of the stock is owned by company insiders.
T-Mobile US declared that its board has approved a stock buyback plan on Wednesday, December 6th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the Wireless communications provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.
About T-Mobile US
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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