Q3 2017 EPS Estimates for T-Mobile US, Inc. (TMUS) Lowered by Oppenheimer Holdings
T-Mobile US, Inc. (NASDAQ:TMUS) – Oppenheimer Holdings lowered their Q3 2017 EPS estimates for shares of T-Mobile US in a research note issued on Friday. Oppenheimer Holdings analyst T. Horan now expects that the Wireless communications provider will earn $0.39 per share for the quarter, down from their prior estimate of $0.40. Oppenheimer Holdings has a “Outperform” rating and a $75.00 price objective on the stock. Oppenheimer Holdings also issued estimates for T-Mobile US’s Q4 2017 earnings at $0.26 EPS.
Several other research firms also recently weighed in on TMUS. Royal Bank Of Canada restated a “buy” rating and set a $76.00 price target on shares of T-Mobile US in a research report on Friday, June 2nd. J P Morgan Chase & Co restated an “overweight” rating and set a $71.00 price target on shares of T-Mobile US in a research report on Wednesday, April 26th. Instinet upped their price target on shares of T-Mobile US from $62.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 26th. Pacific Crest upped their price target on shares of T-Mobile US from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 26th. Finally, Robert W. Baird upped their price target on shares of T-Mobile US from $64.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 26th. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $68.82.
Shares of T-Mobile US (NASDAQ TMUS) opened at 64.52 on Monday. The stock has a 50 day moving average price of $61.94 and a 200 day moving average price of $63.40. The company has a market capitalization of $53.62 billion, a PE ratio of 27.34 and a beta of 0.49. T-Mobile US has a one year low of $44.35 and a one year high of $68.88.
T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.29. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $9.82 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year.
Several hedge funds have recently made changes to their positions in TMUS. BlackRock Inc. increased its stake in shares of T-Mobile US by 3,998.0% in the first quarter. BlackRock Inc. now owns 13,832,340 shares of the Wireless communications provider’s stock worth $893,431,000 after buying an additional 13,494,802 shares in the last quarter. Marshall Wace North America L.P. bought a new position in T-Mobile US during the first quarter worth $298,008,000. Paulson & CO. Inc. bought a new position in T-Mobile US during the first quarter worth $267,409,000. Bank of New York Mellon Corp boosted its position in T-Mobile US by 53.2% in the second quarter. Bank of New York Mellon Corp now owns 3,753,244 shares of the Wireless communications provider’s stock worth $227,522,000 after buying an additional 1,302,683 shares during the last quarter. Finally, OZ Management LP bought a new position in T-Mobile US during the first quarter worth $82,521,000. Institutional investors and hedge funds own 36.73% of the company’s stock.
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