Q4 2017 EPS Estimates for T-Mobile US, Inc. (TMUS) Lifted by Oppenheimer Holdings
T-Mobile US, Inc. (NASDAQ:TMUS) – Stock analysts at Oppenheimer Holdings raised their Q4 2017 earnings per share (EPS) estimates for T-Mobile US in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst T. Horan now expects that the Wireless communications provider will post earnings per share of $0.35 for the quarter, up from their previous forecast of $0.28. Oppenheimer Holdings also issued estimates for T-Mobile US’s FY2018 earnings at $2.55 EPS.
T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. The firm had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.01 billion. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. COPYRIGHT VIOLATION WARNING: “Q4 2017 EPS Estimates for T-Mobile US, Inc. (TMUS) Lifted by Oppenheimer Holdings” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/10/30/q4-2017-eps-estimates-for-t-mobile-us-inc-tmus-lifted-by-oppenheimer-holdings.html.
A number of other analysts have also issued reports on TMUS. Moffett Nathanson reaffirmed a “neutral” rating on shares of T-Mobile US in a research note on Thursday, October 12th. Societe Generale initiated coverage on T-Mobile US in a research note on Tuesday, October 24th. They issued a “buy” rating and a $71.00 price target on the stock. BidaskClub raised T-Mobile US from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Macquarie reaffirmed a “hold” rating and issued a $68.00 price target on shares of T-Mobile US in a research note on Tuesday, October 24th. Finally, Bank of America Corporation lifted their price target on T-Mobile US from $34.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. T-Mobile US currently has a consensus rating of “Buy” and an average target price of $70.43.
T-Mobile US (TMUS) opened at 62.95 on Monday. The stock’s 50 day moving average price is $62.06 and its 200-day moving average price is $63.60. The company has a market capitalization of $52.31 billion, a P/E ratio of 26.67 and a beta of 0.40. T-Mobile US has a 52-week low of $48.76 and a 52-week high of $68.88.
Several institutional investors have recently made changes to their positions in the company. Parametrica Management Ltd acquired a new position in shares of T-Mobile US in the 3rd quarter valued at $536,000. Victory Capital Management Inc. lifted its stake in shares of T-Mobile US by 21.3% in the 3rd quarter. Victory Capital Management Inc. now owns 26,660 shares of the Wireless communications provider’s stock valued at $1,644,000 after purchasing an additional 4,674 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of T-Mobile US in the 3rd quarter valued at $462,000. Harbor Advisors LLC lifted its stake in shares of T-Mobile US by 81.2% in the 3rd quarter. Harbor Advisors LLC now owns 18,000 shares of the Wireless communications provider’s stock valued at $1,110,000 after purchasing an additional 8,068 shares during the last quarter. Finally, Aperio Group LLC lifted its stake in shares of T-Mobile US by 5.9% in the 3rd quarter. Aperio Group LLC now owns 125,028 shares of the Wireless communications provider’s stock valued at $7,709,000 after purchasing an additional 6,974 shares during the last quarter. 35.05% of the stock is currently owned by institutional investors and hedge funds.
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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