T-Mobile US, Inc. (NASDAQ:TMUS) – Equities research analysts at KeyCorp cut their FY2017 earnings estimates for T-Mobile US in a note issued to investors on Monday. KeyCorp analyst B. Nispel now anticipates that the Wireless communications provider will post earnings per share of $2.29 for the year, down from their previous forecast of $2.33. KeyCorp has a “Buy” rating and a $76.00 price objective on the stock. KeyCorp also issued estimates for T-Mobile US’s FY2018 earnings at $2.14 EPS.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. The company had revenue of $10.02 billion during the quarter, compared to analysts’ expectations of $10.01 billion. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. T-Mobile US’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS.

A number of other research firms have also recently commented on TMUS. Deutsche Bank lifted their target price on shares of T-Mobile US to $72.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Bank of America lifted their target price on shares of T-Mobile US from $34.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 24th. UBS Group reiterated a “buy” rating and issued a $70.00 target price (down from $80.00) on shares of T-Mobile US in a research note on Monday, November 6th. Robert W. Baird reiterated a “hold” rating and issued a $70.00 target price on shares of T-Mobile US in a research note on Wednesday, October 4th. Finally, Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating in a research note on Monday, November 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $69.86.

Shares of T-Mobile US (NASDAQ:TMUS) opened at $63.61 on Thursday. The company has a market cap of $53,280.00, a P/E ratio of 24.95, a P/E/G ratio of 1.04 and a beta of 0.29. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.80. T-Mobile US has a 12 month low of $54.60 and a 12 month high of $68.88.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GLG Partners LP increased its holdings in T-Mobile US by 0.3% in the 2nd quarter. GLG Partners LP now owns 10,000 shares of the Wireless communications provider’s stock worth $606,000 after acquiring an additional 31 shares in the last quarter. AXA increased its holdings in T-Mobile US by 6.5% in the 2nd quarter. AXA now owns 6,550 shares of the Wireless communications provider’s stock worth $397,000 after acquiring an additional 400 shares in the last quarter. Voya Investment Management LLC increased its holdings in T-Mobile US by 2.5% in the 2nd quarter. Voya Investment Management LLC now owns 35,232 shares of the Wireless communications provider’s stock worth $2,136,000 after acquiring an additional 875 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in T-Mobile US by 1.4% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 68,575 shares of the Wireless communications provider’s stock worth $4,228,000 after acquiring an additional 975 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its holdings in T-Mobile US by 1.7% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 59,229 shares of the Wireless communications provider’s stock worth $3,652,000 after acquiring an additional 1,006 shares in the last quarter. 34.93% of the stock is owned by institutional investors.

In related news, EVP Elizabeth A. Mcauliffe sold 4,310 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $64.10, for a total value of $276,271.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David A. Miller sold 15,000 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $62.78, for a total transaction of $941,700.00. Following the completion of the transaction, the executive vice president now owns 104,448 shares of the company’s stock, valued at $6,557,245.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,620 shares of company stock valued at $3,068,292. Company insiders own 0.29% of the company’s stock.

T-Mobile US announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 6th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the Wireless communications provider to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

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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.

Earnings History and Estimates for T-Mobile US (NASDAQ:TMUS)

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