United States Cellular Corp (NYSE:USM) – Investment analysts at Gabelli lifted their FY2018 earnings estimates for shares of United States Cellular in a research report issued on Monday. Gabelli analyst S. Dluzhevskiy now forecasts that the Wireless communications provider will post earnings per share of $0.85 for the year, up from their previous forecast of $0.35. Gabelli also issued estimates for United States Cellular’s FY2019 earnings at $0.80 EPS, FY2020 earnings at $0.90 EPS and FY2021 earnings at $1.00 EPS.
United States Cellular (NYSE:USM) last issued its earnings results on Friday, February 23rd. The Wireless communications provider reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.13. United States Cellular had a return on equity of 1.22% and a net margin of 0.31%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the business earned ($0.07) EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year.
A number of other equities research analysts have also recently weighed in on the company. ValuEngine cut United States Cellular from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded United States Cellular from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, February 27th.
Shares of United States Cellular (NYSE USM) opened at $40.64 on Thursday. United States Cellular has a 1-year low of $32.06 and a 1-year high of $41.19. The firm has a market capitalization of $3,504.85, a price-to-earnings ratio of 338.67, a price-to-earnings-growth ratio of 56.81 and a beta of 0.51. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.02 and a quick ratio of 1.83.
Several hedge funds and other institutional investors have recently modified their holdings of USM. MUFG Americas Holdings Corp purchased a new stake in shares of United States Cellular during the 3rd quarter worth $218,000. SG Americas Securities LLC purchased a new stake in shares of United States Cellular during the 4th quarter worth $246,000. Virtu Financial LLC purchased a new stake in shares of United States Cellular during the 4th quarter worth $253,000. Public Employees Retirement System of Ohio lifted its stake in shares of United States Cellular by 8.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,710 shares of the Wireless communications provider’s stock worth $257,000 after purchasing an additional 515 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of United States Cellular during the 4th quarter worth $286,000. Hedge funds and other institutional investors own 15.28% of the company’s stock.
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United States Cellular Company Profile
United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.
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