Analysts forecast that United States Cellular Corp (NYSE:USM) will report $1.00 billion in sales for the current quarter, Zacks reports. Three analysts have provided estimates for United States Cellular’s earnings. The highest sales estimate is $1.01 billion and the lowest is $990.24 million. United States Cellular posted sales of $991.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.9%. The business is expected to report its next quarterly earnings report on Friday, February 23rd.

According to Zacks, analysts expect that United States Cellular will report full year sales of $1.00 billion for the current financial year, with estimates ranging from $3.84 billion to $3.88 billion. For the next year, analysts anticipate that the firm will post sales of $3.86 billion per share, with estimates ranging from $3.74 billion to $3.96 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for United States Cellular.

United States Cellular (NYSE:USM) last announced its quarterly earnings data on Wednesday, November 8th. The Wireless communications provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.10. United States Cellular had a negative return on equity of 33.87% and a negative net margin of 30.94%. The business had revenue of $963.00 million during the quarter, compared to analyst estimates of $968.80 million. During the same period in the prior year, the company earned $0.20 earnings per share. United States Cellular’s revenue was down 5.9% compared to the same quarter last year.

Separately, Zacks Investment Research lowered United States Cellular from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $36.67.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL grew its holdings in United States Cellular by 0.8% during the third quarter. Gamco Investors INC. ET AL now owns 3,042,777 shares of the Wireless communications provider’s stock valued at $107,714,000 after purchasing an additional 24,120 shares during the period. Gabelli Funds LLC boosted its holdings in shares of United States Cellular by 0.3% in the third quarter. Gabelli Funds LLC now owns 1,308,946 shares of the Wireless communications provider’s stock worth $46,337,000 after acquiring an additional 4,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of United States Cellular by 6.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,139,138 shares of the Wireless communications provider’s stock worth $40,326,000 after acquiring an additional 65,144 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of United States Cellular by 0.3% in the second quarter. Renaissance Technologies LLC now owns 628,300 shares of the Wireless communications provider’s stock worth $24,076,000 after acquiring an additional 1,600 shares during the period. Finally, Susquehanna International Group LLP boosted its holdings in shares of United States Cellular by 56.4% in the third quarter. Susquehanna International Group LLP now owns 239,422 shares of the Wireless communications provider’s stock worth $8,476,000 after acquiring an additional 86,294 shares during the period. 14.76% of the stock is owned by institutional investors and hedge funds.

United States Cellular (NYSE USM) opened at $37.95 on Tuesday. United States Cellular has a twelve month low of $32.29 and a twelve month high of $46.01. The firm has a market capitalization of $3,230.00, a price-to-earnings ratio of 96.95 and a beta of 0.70. The company has a current ratio of 2.23, a quick ratio of 2.08 and a debt-to-equity ratio of 0.48.

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United States Cellular Company Profile

United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.

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Earnings History and Estimates for United States Cellular (NYSE:USM)

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