T-Mobile US, Inc. (TMUS) to Post FY2017 Earnings of $2.45 Per Share, Gabelli Forecasts
T-Mobile US, Inc. (NASDAQ:TMUS) – Investment analysts at Gabelli lifted their FY2017 earnings per share estimates for shares of T-Mobile US in a research report issued on Tuesday. Gabelli analyst S. Dluzhevskiy now forecasts that the Wireless communications provider will post earnings per share of $2.45 for the year, up from their previous forecast of $2.40. Gabelli also issued estimates for T-Mobile US’s FY2018 earnings at $3.05 EPS.
A number of other brokerages also recently issued reports on TMUS. BidaskClub raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Cowen and Company reissued a “buy” rating and set a $70.00 price target on shares of T-Mobile US in a report on Friday, August 25th. 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. Deutsche Bank AG reissued a “hold” rating and set a $70.00 price target on shares of T-Mobile US in a report on Friday, September 8th. Finally, William Blair reissued a “buy” rating on shares of T-Mobile US in a report on Saturday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $70.43.
Shares of T-Mobile US (TMUS) opened at 62.28 on Wednesday. The company has a market capitalization of $51.76 billion, a P/E ratio of 26.39 and a beta of 0.40. The stock’s 50 day moving average is $62.18 and its 200 day moving average is $63.63. T-Mobile US has a 12 month low of $48.76 and a 12 month high of $68.88.
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.
Institutional investors have recently added to or reduced their stakes in the stock. OZ Management LP increased its position in T-Mobile US by 35.7% during the second quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock worth $105,083,000 after purchasing 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. Hedge funds and other institutional investors 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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