Analysts expect that United States Cellular Corporation (NYSE:USM) will post earnings per share (EPS) of $0.22 for the current quarter, according to Zacks. Two analysts have provided estimates for United States Cellular Corporation’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.13. United States Cellular Corporation reported earnings of $0.32 per share during the same quarter last year, which suggests a negative year over year growth rate of 31.3%. The business is expected to report its next quarterly earnings report on Friday, August 4th.

According to Zacks, analysts expect that United States Cellular Corporation will report full-year earnings of $0.39 per share for the current financial year, with EPS estimates ranging from $0.05 to $0.80. For the next financial year, analysts expect that the company will post earnings of $0.76 per share, with EPS estimates ranging from $0.17 to $2.23. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for United States Cellular Corporation.

United States Cellular Corporation (NYSE:USM) last released its earnings results on Friday, May 5th. The Wireless communications provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.20. United States Cellular Corporation had a net margin of 1.63% and a return on equity of 1.45%. The firm had revenue of $936 million during the quarter, compared to analyst estimates of $955.13 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year.

Several research analysts recently commented on USM shares. BidaskClub raised United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. ValuEngine raised United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, Zacks Investment Research cut United States Cellular Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $38.33.

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United States Cellular Corporation (NYSE USM) traded down 2.10% during mid-day trading on Monday, reaching $37.85. 75,259 shares of the company’s stock traded hands. United States Cellular Corporation has a 12 month low of $33.30 and a 12 month high of $46.01. The firm’s 50-day moving average price is $38.64 and its 200 day moving average price is $39.72. The stock has a market capitalization of $3.21 billion, a PE ratio of 49.67 and a beta of 0.82.

In other United States Cellular Corporation news, Director J Samuel Crowley sold 2,119 shares of United States Cellular Corporation stock in a transaction on Monday, May 1st. The stock was sold at an average price of $38.86, for a total transaction of $82,344.34. Following the completion of the transaction, the director now directly owns 4,041 shares of the company’s stock, valued at $157,033.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jay Ellison sold 8,447 shares of United States Cellular Corporation stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $38.85, for a total value of $328,165.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,321 shares of company stock valued at $672,064. Company insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of USM. Sei Investments Co. boosted its position in shares of United States Cellular Corporation by 19.7% in the first quarter. Sei Investments Co. now owns 2,897 shares of the Wireless communications provider’s stock worth $108,000 after buying an additional 476 shares during the last quarter. Bank of Montreal Can boosted its position in shares of United States Cellular Corporation by 98.5% in the first quarter. Bank of Montreal Can now owns 3,710 shares of the Wireless communications provider’s stock worth $138,000 after buying an additional 1,841 shares during the last quarter. First Manhattan Co. boosted its position in shares of United States Cellular Corporation by 210.6% in the first quarter. First Manhattan Co. now owns 8,324 shares of the Wireless communications provider’s stock worth $302,000 after buying an additional 5,644 shares during the last quarter. Quotient Investors LLC bought a new position in shares of United States Cellular Corporation during the first quarter worth about $329,000. Finally, Tudor Investment Corp ET AL boosted its position in shares of United States Cellular Corporation by 16.9% in the first quarter. Tudor Investment Corp ET AL now owns 9,000 shares of the Wireless communications provider’s stock worth $336,000 after buying an additional 1,300 shares during the last quarter. 14.84% of the stock is owned by institutional investors.

About United States Cellular Corporation

United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.

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Earnings History and Estimates for United States Cellular Corporation (NYSE:USM)

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