$10.89 Billion in Sales Expected for T-Mobile US Inc (TMUS) This Quarter

Wall Street analysts expect that T-Mobile US Inc (NASDAQ:TMUS) will report sales of $10.89 billion for the current fiscal quarter, Zacks reports. Fifteen analysts have issued estimates for T-Mobile US’s earnings, with the lowest sales estimate coming in at $10.53 billion and the highest estimate coming in at $11.27 billion. T-Mobile US reported sales of $10.18 billion during the same quarter last year, which indicates a positive year over year growth rate of 7%. The firm is scheduled to issue its next earnings results on Tuesday, February 13th.

According to Zacks, analysts expect that T-Mobile US will report full-year sales of $10.89 billion for the current fiscal year, with estimates ranging from $40.38 billion to $41.12 billion. For the next fiscal year, analysts anticipate that the business will report sales of $43.18 billion per share, with estimates ranging from $42.55 billion to $44.12 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover T-Mobile US.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.46 by $0.17. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The business had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period in the prior year, the business posted $0.27 earnings per share. T-Mobile US’s revenue was up 7.7% compared to the same quarter last year.

Several brokerages have recently commented on TMUS. BidaskClub downgraded T-Mobile US from a “hold” rating to a “sell” rating in a report on Tuesday. 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. Macquarie raised T-Mobile US from a “neutral” rating to an “outperform” rating in a report on Thursday, December 14th. Morgan Stanley upped their price target on T-Mobile US from $72.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Finally, Deutsche Bank upped their price target on T-Mobile US to $72.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $69.86.

In other T-Mobile US news, EVP David A. Miller sold 15,000 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $62.78, for a total value of $941,700.00. Following the transaction, the executive vice president now directly owns 104,448 shares of the company’s stock, valued at approximately $6,557,245.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Elizabeth A. Mcauliffe sold 4,310 shares of the company’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $64.10, for a total value of $276,271.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,620 shares of company stock worth $4,708,192. Insiders own 0.29% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. GLG Partners LP increased its position in T-Mobile US by 0.3% in the 2nd quarter. GLG Partners LP now owns 10,000 shares of the Wireless communications provider’s stock worth $606,000 after purchasing an additional 31 shares during the last quarter. AXA increased its position in T-Mobile US by 6.5% in the 2nd quarter. AXA now owns 6,550 shares of the Wireless communications provider’s stock worth $397,000 after purchasing an additional 400 shares during the last quarter. Voya Investment Management LLC increased its position in T-Mobile US by 2.5% in the 2nd quarter. Voya Investment Management LLC now owns 35,232 shares of the Wireless communications provider’s stock worth $2,136,000 after purchasing an additional 875 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in T-Mobile US by 1.4% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 68,575 shares of the Wireless communications provider’s stock worth $4,228,000 after purchasing an additional 975 shares during the last quarter. Finally, Xact Kapitalforvaltning AB increased its position in T-Mobile US by 1.7% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 59,229 shares of the Wireless communications provider’s stock worth $3,652,000 after purchasing an additional 1,006 shares during the last quarter. 35.00% of the stock is currently owned by institutional investors.

Shares of T-Mobile US (TMUS) traded up $0.59 during midday trading on Friday, hitting $64.53. The stock had a trading volume of 2,208,806 shares, compared to its average volume of 3,363,213. T-Mobile US has a twelve month low of $54.60 and a twelve month high of $68.88. The stock has a market capitalization of $53,200.00, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 0.85 and a beta of 0.29. 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 declared that its Board of Directors has authorized a stock repurchase program on Wednesday, December 6th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are often 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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Earnings History and Estimates for T-Mobile US (NASDAQ:TMUS)

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