Brokerages Anticipate United States Cellular Corp (USM) to Announce -$0.01 EPS

Equities analysts expect United States Cellular Corp (NYSE:USM) to report ($0.01) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for United States Cellular’s earnings, with the lowest EPS estimate coming in at ($0.12) and the highest estimate coming in at $0.10. United States Cellular reported earnings of ($0.07) per share during the same quarter last year, which would indicate a positive year over year growth rate of 85.7%. The business is expected to issue its next earnings report on Friday, February 23rd.

On average, analysts expect that United States Cellular will report full year earnings of ($3.18) per share for the current fiscal year, with EPS estimates ranging from ($3.30) to ($2.96). For the next year, analysts expect that the firm will post earnings of $0.85 per share, with EPS estimates ranging from $0.09 to $2.60. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow United States Cellular.

United States Cellular (NYSE:USM) last announced its earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.10. United States Cellular had a negative net margin of 6.93% and a positive return on equity of 0.94%. The business had revenue of $963.00 million for the quarter, compared to analyst estimates of $968.80 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. United States Cellular’s revenue was down 5.9% compared to the same quarter last year.

A number of equities analysts recently issued reports on the stock. ValuEngine lowered shares of United States Cellular from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of United States Cellular from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a research report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $34.50.

Shares of United States Cellular (USM) traded up $0.13 during mid-day trading on Friday, reaching $37.68. 43,897 shares of the company were exchanged, compared to its average volume of 119,220. United States Cellular has a fifty-two week low of $32.29 and a fifty-two week high of $45.79. The company has a market capitalization of $3,191.75, a price-to-earnings ratio of -12.04, a P/E/G ratio of 139.07 and a beta of 0.79. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.23 and a quick ratio of 2.08.

Institutional investors have recently made changes to their positions in the business. Systematic Financial Management LP bought a new stake in United States Cellular in the 2nd quarter valued at $1,719,000. Teachers Advisors LLC increased its holdings in United States Cellular by 59.1% in the 2nd quarter. Teachers Advisors LLC now owns 24,019 shares of the Wireless communications provider’s stock valued at $920,000 after buying an additional 8,921 shares during the period. TIAA CREF Investment Management LLC increased its holdings in United States Cellular by 9.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 53,316 shares of the Wireless communications provider’s stock valued at $2,043,000 after buying an additional 4,800 shares during the period. JPMorgan Chase & Co. increased its holdings in United States Cellular by 65.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 38,539 shares of the Wireless communications provider’s stock valued at $1,477,000 after buying an additional 15,236 shares during the period. Finally, Swiss National Bank increased its holdings in United States Cellular by 27.1% in the 2nd quarter. Swiss National Bank now owns 21,600 shares of the Wireless communications provider’s stock valued at $828,000 after buying an additional 4,600 shares during the period. 14.76% of the stock is currently owned by hedge funds and other institutional investors.

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About United States Cellular

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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