T-Mobile Us (TMUS) Stock Price Up 7.2% on Better-Than-Expected Earnings

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T-Mobile Us Inc (NASDAQ:TMUS) shares rose 7.2% on Wednesday following a better than expected earnings announcement. The stock traded as high as $69.60 and last traded at $68.55. Approximately 8,547,305 shares changed hands during mid-day trading, an increase of 121% from the average daily volume of 3,872,994 shares. The stock had previously closed at $63.92.

The Wireless communications provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.08. The firm had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.73 billion. T-Mobile Us had a return on equity of 10.87% and a net margin of 11.27%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS.

TMUS has been the subject of a number of recent analyst reports. Societe Generale reiterated a “buy” rating and set a $71.00 target price on shares of T-Mobile Us in a research report on Thursday, August 2nd. KeyCorp set a $76.00 target price on T-Mobile Us and gave the company a “buy” rating in a research report on Thursday, September 13th. Barclays downgraded T-Mobile Us to a “buy” rating in a research report on Tuesday, September 4th. BidaskClub upgraded T-Mobile Us from a “hold” rating to a “buy” rating in a research report on Friday, September 28th. Finally, Guggenheim upped their target price on T-Mobile Us from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $72.74.

In other news, EVP David A. Miller sold 5,000 shares of the business’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $70.00, for a total transaction of $350,000.00. Following the completion of the transaction, the executive vice president now owns 117,523 shares of the company’s stock, valued at approximately $8,226,610. The transaction was disclosed in a legal 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 on 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 directly owns 204,851 shares of the company’s stock, valued at approximately $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 in the last three months. 0.37% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. NEXT Financial Group Inc acquired a new position in shares of T-Mobile Us during the 3rd quarter worth $105,000. SeaCrest Wealth Management LLC raised its holdings in shares of T-Mobile Us by 92.3% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,812 shares of the Wireless communications provider’s stock worth $168,000 after buying an additional 1,350 shares in the last quarter. Arrow Financial Corp acquired a new position in shares of T-Mobile Us during the 3rd quarter worth $175,000. Jaffetilchin Investment Partners LLC acquired a new position in T-Mobile Us in the 3rd quarter worth about $203,000. Finally, Oakbrook Investments LLC acquired a new position in T-Mobile Us in the 3rd quarter worth about $204,000. 32.78% of the stock is owned by institutional investors.

The company has a debt-to-equity ratio of 1.25, a current ratio of 0.76 and a quick ratio of 0.66. The firm has a market capitalization of $55.16 billion, a PE ratio of 29.93, a PEG ratio of 2.22 and a beta of 0.40.

T-Mobile Us Company Profile (NASDAQ:TMUS)

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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