T-Mobile US, Inc. (NASDAQ:TMUS) released its quarterly earnings data on Wednesday. The Wireless communications provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.38 by $0.29, Briefing.com reports. T-Mobile US had a return on equity of 6.96% and a net margin of 4.39%. The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same period last year, the company posted $0.25 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year.

T-Mobile US (TMUS) traded up 0.94% on Wednesday, reaching $61.97. 6,824,500 shares of the company traded hands. The stock has a 50-day moving average price of $63.03 and a 200-day moving average price of $63.11. The firm has a market cap of $51.49 billion, a P/E ratio of 31.83 and a beta of 0.51. T-Mobile US has a 52-week low of $43.96 and a 52-week high of $68.88.

Institutional investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its position in T-Mobile US by 23.8% in the first quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock worth $108,000 after buying an additional 306 shares in the last quarter. Fifth Third Bancorp boosted its position in T-Mobile US by 64.8% in the first quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock worth $112,000 after buying an additional 680 shares in the last quarter. D. Scott Neal Inc. bought a new position in T-Mobile US during the second quarter worth about $116,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in T-Mobile US by 62.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,950 shares of the Wireless communications provider’s stock worth $126,000 after buying an additional 750 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its position in T-Mobile US by 233.3% in the first quarter. NEXT Financial Group Inc now owns 2,000 shares of the Wireless communications provider’s stock worth $135,000 after buying an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 36.69% of the company’s stock.

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A number of brokerages have recently issued reports on TMUS. Macquarie lifted their target price on T-Mobile US from $65.00 to $67.00 and gave the stock a “hold” rating in a research report on Tuesday, April 25th. Nomura restated a “hold” rating and issued a $65.00 target price on shares of T-Mobile US in a research note on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) started coverage on T-Mobile US in a research note on Monday, May 22nd. They issued a “buy” rating for the company. William Blair restated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, April 25th. Finally, Cowen and Company boosted their price objective on T-Mobile US from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $67.70.

Earnings History for T-Mobile US (NASDAQ:TMUS)

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