T-Mobile US, Inc. (TMUS) Issues Quarterly Earnings Results, Beats Expectations By $0.17 EPS
T-Mobile US, Inc. (NASDAQ:TMUS) announced its earnings results on Monday. The Wireless communications provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.17, MarketWatch Earnings reports. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The firm had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the prior year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year.
Shares of T-Mobile US (NASDAQ TMUS) opened at 60.46 on Monday. T-Mobile US has a 12-month low of $46.58 and a 12-month high of $68.88. The firm has a market capitalization of $50.25 billion, a PE ratio of 25.62 and a beta of 0.40. The company’s 50-day moving average price is $62.25 and its 200-day moving average price is $63.65.
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Several analysts recently weighed in on TMUS shares. Deutsche Bank AG decreased their target price on T-Mobile US from $70.00 to $65.00 and set a “hold” rating for the company in a research note on Tuesday, October 10th. KeyCorp set a $72.00 price objective on T-Mobile US and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Robert W. Baird reiterated a “hold” rating and issued a $70.00 price objective on shares of T-Mobile US in a research report on Wednesday, October 4th. BidaskClub downgraded T-Mobile US from a “hold” rating to a “sell” rating in a research report on Saturday, September 30th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $73.00 price objective (up previously from $70.00) on shares of T-Mobile US in a research report on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. T-Mobile US presently has an average rating of “Buy” and a consensus target price of $70.81.
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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