T-Mobile Us Inc (NASDAQ:TMUS) – Research analysts at KeyCorp lifted their FY2018 earnings estimates for T-Mobile Us in a research report issued on Tuesday, October 30th. KeyCorp analyst B. Nispel now forecasts that the Wireless communications provider will post earnings of $3.18 per share for the year, up from their prior forecast of $3.03. KeyCorp currently has a “Buy” rating and a $76.00 target price on the stock. KeyCorp also issued estimates for T-Mobile Us’ Q1 2019 earnings at $0.94 EPS, Q2 2019 earnings at $0.92 EPS, Q3 2019 earnings at $0.72 EPS and Q4 2019 earnings at $0.57 EPS.
A number of other brokerages have also commented on TMUS. BidaskClub upgraded T-Mobile Us from a “hold” rating to a “buy” rating in a research report on Friday, September 28th. Guggenheim lifted their price objective on T-Mobile Us from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, September 27th. Nomura lifted their price objective on T-Mobile Us from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday. Zacks Investment Research upgraded T-Mobile Us from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Monday, October 8th. Finally, Moffett Nathanson reiterated a “buy” rating on shares of T-Mobile Us in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.74.
T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings data on Tuesday, October 30th. The Wireless communications provider reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.08. The firm had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.73 billion. T-Mobile Us had a return on equity of 11.62% and a net margin of 11.63%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share.
In other news, EVP David A. Miller sold 5,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the transaction, the executive vice president now directly owns 122,523 shares in the company, valued at approximately $7,963,995. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David R. Carey sold 2,000 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $70.57, for a total value of $141,140.00. Following the transaction, the executive vice president now owns 204,851 shares of the company’s stock, valued at $14,456,335.07. The disclosure for this sale can be found here. Insiders have sold a total of 102,622 shares of company stock valued at $6,814,861 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.
Several institutional investors have recently bought and sold shares of TMUS. DnB Asset Management AS acquired a new position in shares of T-Mobile Us during the 2nd quarter worth about $240,108,000. Ontario Teachers Pension Plan Board acquired a new position in shares of T-Mobile Us in the 2nd quarter valued at approximately $132,346,000. Morgan Stanley grew its position in shares of T-Mobile Us by 44.5% in the 2nd quarter. Morgan Stanley now owns 5,782,115 shares of the Wireless communications provider’s stock valued at $345,483,000 after purchasing an additional 1,781,530 shares during the period. Diamond Hill Capital Management Inc. grew its position in shares of T-Mobile Us by 16,308.9% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,290,233 shares of the Wireless communications provider’s stock valued at $77,091,000 after purchasing an additional 1,282,370 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in shares of T-Mobile Us by 7,776.4% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,272,198 shares of the Wireless communications provider’s stock valued at $76,014,000 after purchasing an additional 1,256,046 shares during the period. Institutional investors own 32.78% of the company’s stock.
About T-Mobile Us
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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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