$9.86 Billion in Sales Expected for T-Mobile US Inc (TMUS) This Quarter
Equities research analysts forecast that T-Mobile US Inc (NASDAQ:TMUS) will post sales of $9.86 billion for the current fiscal quarter, according to Zacks Investment Research. Seventeen analysts have issued estimates for T-Mobile US’s earnings. The lowest sales estimate is $9.47 billion and the highest is $10.15 billion. T-Mobile US reported sales of $9.22 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The company is expected to report its next quarterly earnings results on Wednesday, July 26th.
According to Zacks, analysts expect that T-Mobile US will report full-year sales of $9.86 billion for the current year, with estimates ranging from $38.95 billion to $41.09 billion. For the next fiscal year, analysts forecast that the company will report sales of $42.96 billion per share, with estimates ranging from $40.57 billion to $44.7 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow T-Mobile US.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Monday, April 24th. The Wireless communications provider reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.46. T-Mobile US had a net margin of 3.87% and a return on equity of 7.21%. The company had revenue of $9.61 billion during the quarter, compared to analysts’ expectations of $9.63 billion. During the same quarter last year, the company posted $0.56 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year.
Several equities research analysts have recently issued reports on TMUS shares. Deutsche Bank AG reissued a “neutral” rating and issued a $68.00 price objective on shares of T-Mobile US in a research report on Monday, April 10th. SunTrust Banks, Inc. began coverage on shares of T-Mobile US in a report on Tuesday, April 18th. They set a “buy” rating and a $76.00 price target for the company. Instinet raised their price target on shares of T-Mobile US from $46.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, February 7th. Goldman Sachs Group Inc raised shares of T-Mobile US from a “buy” rating to a “conviction-buy” rating and lowered their price target for the company from $81.00 to $65.72 in a report on Friday, May 19th. Finally, Evercore ISI began coverage on shares of T-Mobile US in a report on Monday, January 30th. They set a “buy” rating for the company. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $66.02.
In other news, insider Thomas Christopher Keys sold 100,000 shares of the firm’s stock in a transaction dated Friday, March 24th. The shares were sold at an average price of $64.17, for a total value of $6,417,000.00. Following the transaction, the insider now directly owns 372,718 shares in the company, valued at approximately $23,917,314.06. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Honeycomb Asset Management LP acquired a new position in T-Mobile US during the fourth quarter worth about $8,627,000. Riverhead Capital Management LLC acquired a new position in T-Mobile US during the third quarter worth about $150,000. Thornburg Investment Management Inc. increased its position in T-Mobile US by 4.9% in the fourth quarter. Thornburg Investment Management Inc. now owns 2,608,965 shares of the Wireless communications provider’s stock worth $150,042,000 after buying an additional 122,094 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management increased its position in T-Mobile US by 10.5% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 78,878 shares of the Wireless communications provider’s stock worth $4,536,000 after buying an additional 7,513 shares during the last quarter. Finally, Oribel Capital Management LP acquired a new position in T-Mobile US during the fourth quarter worth about $2,979,000. Institutional investors own 33.17% of the company’s stock.
T-Mobile US (NASDAQ:TMUS) opened at 67.80 on Friday. The stock has a market cap of $56.33 billion, a PE ratio of 34.82 and a beta of 0.71. T-Mobile US has a 12 month low of $40.50 and a 12 month high of $68.88. The firm has a 50-day moving average of $65.91 and a 200 day moving average of $61.06.
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