Zacks: Analysts Anticipate T-Mobile US, Inc. (TMUS) Will Announce Quarterly Sales of $10.07 Billion
Brokerages expect that T-Mobile US, Inc. (NASDAQ:TMUS) will announce sales of $10.07 billion for the current fiscal quarter, Zacks Investment Research reports. Seventeen analysts have provided estimates for T-Mobile US’s earnings. The lowest sales estimate is $9.70 billion and the highest is $10.32 billion. T-Mobile US posted sales of $9.25 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.9%. The business is scheduled to report its next earnings results on Monday, October 23rd.
According to Zacks, analysts expect that T-Mobile US will report full-year sales of $10.07 billion for the current financial year, with estimates ranging from $39.76 billion to $41.49 billion. For the next financial year, analysts anticipate that the company will post sales of $43.00 billion per share, with estimates ranging from $41.69 billion to $44.10 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover T-Mobile US.
T-Mobile US (NASDAQ:TMUS) last announced 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 company 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 firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS.
A number of research analysts have weighed in on the company. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 target price on shares of T-Mobile US in a report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) assumed coverage on T-Mobile US in a research report on Monday, May 22nd. They issued a “buy” rating for the company. Drexel Hamilton assumed coverage on T-Mobile US in a research report on Thursday, June 8th. They issued a “buy” rating and a $80.00 price target for the company. BidaskClub upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Cowen and Company restated a “buy” rating and issued a $70.00 price target on shares of T-Mobile US in a research report on Friday, August 25th. Twelve research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. T-Mobile US has a consensus rating of “Buy” and a consensus target price of $70.06.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC grew its holdings in T-Mobile US by 23.8% during the 1st quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock valued at $108,000 after buying an additional 306 shares in the last quarter. Barrett Asset Management LLC purchased a new position in T-Mobile US during the 2nd quarter valued at approximately $110,000. Fifth Third Bancorp grew its holdings in T-Mobile US by 64.8% during the 1st quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock valued at $112,000 after buying an additional 680 shares in the last quarter. Smithfield Trust Co. grew its holdings in T-Mobile US by 1,513.6% during the 2nd quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock valued at $115,000 after buying an additional 1,786 shares in the last quarter. Finally, D. Scott Neal Inc. purchased a new position in T-Mobile US during the 2nd quarter valued at approximately $116,000. Institutional investors and hedge funds own 34.72% of the company’s stock.
T-Mobile US (NASDAQ TMUS) opened at 61.19 on Friday. T-Mobile US has a 12-month low of $44.49 and a 12-month high of $68.88. The stock has a market cap of $50.85 billion, a price-to-earnings ratio of 25.93 and a beta of 0.47. The firm’s 50-day moving average price is $63.39 and its 200-day moving average price is $63.83.
About T-Mobile US
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
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