Q4 2017 Earnings Forecast for T-Mobile US, Inc. Issued By Jefferies Group (TMUS)
T-Mobile US, Inc. (NASDAQ:TMUS) – Equities research analysts at Jefferies Group decreased their Q4 2017 EPS estimates for T-Mobile US in a research note issued on Thursday. Jefferies Group analyst M. Mccormack now anticipates that the Wireless communications provider will earn $0.50 per share for the quarter, down from their prior forecast of $0.55. Jefferies Group has a “Buy” rating and a $80.00 price objective on the stock. Jefferies Group also issued estimates for T-Mobile US’s FY2018 earnings at $2.72 EPS.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.29. The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. TRADEMARK VIOLATION NOTICE: “Q4 2017 Earnings Forecast for T-Mobile US, Inc. Issued By Jefferies Group (TMUS)” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/06/q4-2017-earnings-forecast-for-t-mobile-us-inc-issued-by-jefferies-group-tmus.html.
Several other equities research analysts also recently commented on the company. Robert W. Baird reaffirmed a “hold” rating and set a $70.00 target price on shares of T-Mobile US in a report on Wednesday. Royal Bank Of Canada reissued a “buy” rating and set a $76.00 price target on shares of T-Mobile US in a research report on Tuesday. BidaskClub lowered T-Mobile US from a “hold” rating to a “sell” rating in a research report on Saturday, September 30th. KeyCorp reissued an “overweight” rating and set a $72.00 price target on shares of T-Mobile US in a research report on Saturday, September 16th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $70.00 price target on shares of T-Mobile US in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $70.23.
Shares of T-Mobile US (TMUS) opened at 61.52 on Friday. T-Mobile US has a 52-week low of $44.91 and a 52-week high of $68.88. The stock has a market cap of $51.13 billion, a PE ratio of 26.07 and a beta of 0.40. The company’s 50-day moving average price is $63.03 and its 200-day moving average price is $63.86.
Hedge funds have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC increased 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 purchasing an additional 306 shares in the last quarter. Barrett Asset Management LLC acquired a new stake in T-Mobile US during the 2nd quarter valued at $110,000. Fifth Third Bancorp increased 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 purchasing an additional 680 shares in the last quarter. Smithfield Trust Co. increased 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 purchasing an additional 1,786 shares in the last quarter. Finally, D. Scott Neal Inc. acquired a new stake in T-Mobile US during the 2nd quarter valued at $116,000. 34.77% of the stock is owned by hedge funds and other institutional investors.
T-Mobile US Company Profile
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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