T-Mobile US, Inc. (NASDAQ:TMUS) – Equities researchers at SunTrust Banks increased their Q1 2018 earnings per share estimates for T-Mobile US in a research report issued on Thursday. SunTrust Banks analyst G. Miller now anticipates that the Wireless communications provider will post earnings of $0.64 per share for the quarter, up from their prior estimate of $0.60. SunTrust Banks has a “Buy” rating and a $76.00 price objective on the stock.

Several other equities analysts have also issued reports on the company. Goldman Sachs Group, Inc. (The) upgraded T-Mobile US from a “buy” rating to a “conviction-buy” rating and reduced their price target for the stock from $81.00 to $65.72 in a research report on Friday, May 19th. Deutsche Bank AG restated a “neutral” rating and set a $68.00 price target on shares of T-Mobile US in a research report on Monday, April 10th. Jefferies Group LLC raised their price target on T-Mobile US from $71.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Wells Fargo & Company restated an “outperform” rating on shares of T-Mobile US in a research report on Wednesday, April 26th. Finally, Macquarie raised their price target 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. Twelve equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. T-Mobile US presently has a consensus rating of “Buy” and an average target price of $67.70.

TRADEMARK VIOLATION WARNING: This story was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another domain, it was illegally copied and republished in violation of United States and international copyright & trademark law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/07/21/t-mobile-us-inc-nasdaqtmus-to-post-q1-2018-earnings-of-0-64-per-share-suntrust-banks-forecasts.html.

T-Mobile US (TMUS) traded up 1.85% during mid-day trading on Friday, hitting $62.25. The stock had a trading volume of 1,928,093 shares. T-Mobile US has a 52 week low of $44.29 and a 52 week high of $68.88. The company’s 50 day moving average price is $62.85 and its 200 day moving average price is $63.09. The firm has a market cap of $51.72 billion, a PE ratio of 31.97 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.29. The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $9.82 billion. T-Mobile US had a return on equity of 8.81% and a net margin of 5.19%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC boosted its position in T-Mobile US by 0.7% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 4,992 shares of the Wireless communications provider’s stock valued at $322,000 after buying an additional 33 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in T-Mobile US by 0.6% in the first quarter. Ameritas Investment Partners Inc. now owns 14,863 shares of the Wireless communications provider’s stock valued at $960,000 after buying an additional 89 shares in the last quarter. Victory Capital Management Inc. boosted its position in T-Mobile US by 1.2% in the first quarter. Victory Capital Management Inc. now owns 18,109 shares of the Wireless communications provider’s stock valued at $1,170,000 after buying an additional 220 shares in the last quarter. LS Investment Advisors LLC boosted its position in T-Mobile US by 7.0% in the first quarter. LS Investment Advisors LLC now owns 3,846 shares of the Wireless communications provider’s stock valued at $248,000 after buying an additional 250 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in T-Mobile US by 1.8% in the second quarter. State of Alaska Department of Revenue now owns 14,919 shares of the Wireless communications provider’s stock valued at $904,000 after buying an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 36.69% of the company’s stock.

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

Receive News & Ratings for T-Mobile US Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US Inc. and related companies with MarketBeat.com's FREE daily email newsletter.