$0.44 EPS Expected for T-Mobile US, Inc. (NASDAQ:TMUS) This Quarter
Analysts expect that T-Mobile US, Inc. (NASDAQ:TMUS) will post $0.44 earnings per share (EPS) for the current quarter, Zacks reports. Eighteen analysts have provided estimates for T-Mobile US’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.59. T-Mobile US posted earnings of $0.27 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 63%. The business is expected to report its next earnings report on Monday, October 23rd.
On average, analysts expect that T-Mobile US will report full-year earnings of $2.22 per share for the current financial year, with EPS estimates ranging from $1.73 to $2.66. For the next financial year, analysts forecast that the business will post earnings of $2.57 per share, with EPS estimates ranging from $1.82 to $3.46. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover T-Mobile US.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.29. The business had revenue of $10.21 billion during the quarter, compared to analyst estimates of $9.82 billion. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $0.25 EPS.
A number of analysts have commented on TMUS shares. Goldman Sachs Group, Inc. (The) raised shares of T-Mobile US from a “buy” rating to a “conviction-buy” rating and lowered their target price for the stock from $81.00 to $65.72 in a report on Friday, May 19th. Deutsche Bank AG reaffirmed a “neutral” rating and set a $68.00 target price on shares of T-Mobile US in a report on Monday, April 10th. SunTrust Banks, Inc. started coverage on shares of T-Mobile US in a report on Tuesday, April 18th. They set a “buy” rating and a $76.00 target price for the company. Jefferies Group LLC lifted their target price on shares of T-Mobile US from $71.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of T-Mobile US in a report on Wednesday, April 26th. Eleven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $68.82.
A number of large investors have recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. boosted its stake in shares of T-Mobile US by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 7,691 shares of the Wireless communications provider’s stock valued at $464,000 after buying an additional 315 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of T-Mobile US during the first quarter valued at approximately $946,000. Huntington National Bank boosted its stake in shares of T-Mobile US by 7.5% in the first quarter. Huntington National Bank now owns 417,689 shares of the Wireless communications provider’s stock valued at $26,979,000 after buying an additional 29,142 shares during the period. Quantitative Systematic Strategies LLC boosted its stake in shares of T-Mobile US by 17.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 31,369 shares of the Wireless communications provider’s stock valued at $2,026,000 after buying an additional 4,671 shares during the period. Finally, Barometer Capital Management Inc. boosted its stake in shares of T-Mobile US by 61.8% in the first quarter. Barometer Capital Management Inc. now owns 126,725 shares of the Wireless communications provider’s stock valued at $8,185,000 after buying an additional 48,425 shares during the period. 36.75% of the stock is currently owned by hedge funds and other institutional investors.
T-Mobile US (NASDAQ TMUS) traded down 0.23% during midday trading on Monday, hitting $64.37. The stock had a trading volume of 1,281,807 shares. T-Mobile US has a one year low of $44.35 and a one year high of $68.88. The stock’s 50-day moving average is $61.94 and its 200-day moving average is $63.40. The company has a market cap of $53.49 billion, a P/E ratio of 27.28 and a beta of 0.49.
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