FY2017 EPS Estimates for T-Mobile US, Inc. (TMUS) Boosted by Analyst
T-Mobile US, Inc. (NASDAQ:TMUS) – Stock analysts at SunTrust Banks raised their FY2017 earnings per share estimates for T-Mobile US in a report issued on Monday. SunTrust Banks analyst G. Miller now expects that the Wireless communications provider will post earnings of $2.59 per share for the year, up from their prior estimate of $2.45. SunTrust Banks also issued estimates for T-Mobile US’s Q1 2018 earnings at $0.66 EPS, Q2 2018 earnings at $1.06 EPS, Q3 2018 earnings at $0.98 EPS, Q4 2018 earnings at $1.04 EPS and FY2018 earnings at $3.74 EPS.
A number of other analysts also recently issued reports on TMUS. Deutsche Bank AG reissued a “hold” rating and set a $70.00 price target (up from $69.00) on shares of T-Mobile US in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating on shares of T-Mobile US in a report on Wednesday, June 28th. Zacks Investment Research raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Jefferies Group LLC reissued a “buy” rating and set a $80.00 price target on shares of T-Mobile US in a report on Thursday, September 7th. Finally, Barclays PLC reissued an “overweight” rating and set a $73.00 price target (up from $70.00) on shares of T-Mobile US in a report on Saturday, July 22nd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $70.43.
Shares of T-Mobile US (NASDAQ:TMUS) opened at 62.28 on Wednesday. T-Mobile US has a 12 month low of $48.76 and a 12 month high of $68.88. The stock’s 50 day moving average is $62.18 and its 200 day moving average is $63.63. The company has a market capitalization of $51.76 billion, a P/E ratio of 26.39 and a beta of 0.40.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The firm had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $10.01 billion. T-Mobile US had a net margin of 5.55% and a return on equity of 10.17%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS.
Hedge funds and other institutional investors have recently modified their holdings of the company. OZ Management LP raised its position in shares of T-Mobile US by 35.7% in the second quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock valued at $105,083,000 after buying an additional 455,847 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in T-Mobile US by 6.6% during the second quarter. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider’s stock worth $1,742,000 after purchasing an additional 1,789 shares during the last quarter. PNC Financial Services Group Inc. increased its position in T-Mobile US by 1,887.3% during the second quarter. PNC Financial Services Group Inc. now owns 1,053,568 shares of the Wireless communications provider’s stock worth $63,865,000 after purchasing an additional 1,000,552 shares during the last quarter. Arizona State Retirement System acquired a new stake in T-Mobile US during the second quarter worth about $1,390,000. Finally, APG Asset Management N.V. increased its position in T-Mobile US by 11.8% during the second quarter. APG Asset Management N.V. now owns 3,555,136 shares of the Wireless communications provider’s stock worth $215,512,000 after purchasing an additional 376,200 shares during the last quarter. Institutional investors and hedge funds own 35.11% of the company’s stock.
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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