Brokerages Anticipate T-Mobile US Inc (TMUS) Will Announce Quarterly Sales of $10.89 Billion

Analysts forecast that T-Mobile US Inc (NASDAQ:TMUS) will post sales of $10.89 billion for the current quarter, Zacks reports. Fifteen analysts have provided estimates for T-Mobile US’s earnings, with the highest sales estimate coming in at $11.27 billion and the lowest estimate coming in at $10.53 billion. T-Mobile US reported sales of $10.18 billion in the same quarter last year, which would suggest a positive year over year growth rate of 7%. The firm is expected to report its next quarterly earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that T-Mobile US will report full year sales of $10.89 billion for the current year, with estimates ranging from $40.38 billion to $41.12 billion. For the next financial year, analysts forecast that the firm will post sales of $43.18 billion per share, with estimates ranging from $42.55 billion to $44.12 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow T-Mobile US.

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

Several equities research analysts have weighed in on the company. KeyCorp reiterated a “buy” rating and issued a $76.00 target price on shares of T-Mobile US in a report on Tuesday, January 2nd. Macquarie upgraded T-Mobile US from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 14th. BidaskClub upgraded T-Mobile US from a “sell” rating to a “hold” rating in a research note on Thursday, December 14th. Morgan Stanley upped their price objective on T-Mobile US from $72.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Finally, Deutsche Bank upped their price objective on T-Mobile US to $72.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Two research 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 given a strong buy rating to the stock. T-Mobile US currently has an average rating of “Buy” and an average price target of $69.86.

Shares of T-Mobile US (NASDAQ TMUS) opened at $63.71 on Friday. T-Mobile US has a 1-year low of $54.60 and a 1-year high of $68.88. The firm has a market capitalization of $52,310.00, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 0.98 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 declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 6th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the Wireless communications provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

In related news, EVP David A. Miller sold 15,000 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $62.78, for a total transaction of $941,700.00. Following the transaction, the executive vice president now directly owns 104,448 shares of the company’s stock, valued at approximately $6,557,245.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter A. Ewens sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $62.95, for a total value of $629,500.00. Following the transaction, the executive vice president now directly owns 166,434 shares in the company, valued at $10,477,020.30. The disclosure for this sale can be found here. Insiders have sold a total of 73,620 shares of company stock worth $4,708,192 over the last ninety days. 0.29% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Harbor Advisors LLC increased its holdings in shares of T-Mobile US by 81.2% in the third 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 period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of T-Mobile US by 4.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,484 shares of the Wireless communications provider’s stock valued at $3,175,000 after purchasing an additional 2,296 shares during the period. Northpointe Capital LLC increased its holdings in shares of T-Mobile US by 34.2% in the third quarter. Northpointe Capital LLC now owns 57,837 shares of the Wireless communications provider’s stock valued at $3,566,000 after purchasing an additional 14,726 shares during the period. Parametrica Management Ltd acquired a new position in shares of T-Mobile US in the third quarter valued at about $536,000. Finally, Dana Investment Advisors Inc. increased its holdings in shares of T-Mobile US by 0.8% in the third quarter. Dana Investment Advisors Inc. now owns 299,119 shares of the Wireless communications provider’s stock valued at $18,444,000 after purchasing an additional 2,460 shares during the period. 34.94% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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