T-Mobile US (TMUS) Issues Earnings Results, Beats Estimates By $0.11 EPS

T-Mobile US (NASDAQ:TMUS) issued its quarterly earnings results on Thursday. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11, Bloomberg Earnings reports. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The company had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.84 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis.

Shares of T-Mobile US (NASDAQ:TMUS) opened at $61.60 on Thursday. The company has a market cap of $51,630.00, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 0.81 and a beta of 0.30. T-Mobile US has a 1 year low of $54.60 and a 1 year high of $68.88. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92.

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

In related news, EVP Peter A. Ewens sold 10,000 shares of the business’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 sale, the executive vice president now directly owns 166,434 shares in the company, valued at approximately $10,477,020.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO J Braxton Carter II sold 15,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $62.97, for a total transaction of $944,550.00. Following the completion of the sale, the chief financial officer now owns 163,688 shares in the company, valued at $10,307,433.36. 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 90 days. Insiders own 0.29% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Rational Advisors LLC purchased a new position in T-Mobile US in the 3rd quarter valued at about $105,000. Cerebellum GP LLC purchased a new position in T-Mobile US in the 4th quarter valued at about $127,000. Capital Bank & Trust Co lifted its holdings in T-Mobile US by 3,128.6% in the 3rd quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock valued at $139,000 after purchasing an additional 2,190 shares in the last quarter. Opera Trading Capital purchased a new position in T-Mobile US in the 3rd quarter valued at about $154,000. Finally, Renaissance Group LLC purchased a new position in T-Mobile US in the 3rd quarter valued at about $201,000. Institutional investors and hedge funds own 35.05% of the company’s stock.

A number of research firms have weighed in on TMUS. Moffett Nathanson reissued a “neutral” rating on shares of T-Mobile US in a report on Thursday, October 12th. BidaskClub raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Robert W. Baird reissued a “hold” rating and set a $70.00 price objective on shares of T-Mobile US in a report on Monday, November 6th. KeyCorp reissued a “buy” rating and set a $76.00 price objective on shares of T-Mobile US in a report on Tuesday, January 2nd. Finally, Cowen reissued a “buy” rating and set a $70.00 price objective on shares of T-Mobile US in a report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. T-Mobile US currently has a consensus rating of “Buy” and a consensus target price of $69.86.

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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 for T-Mobile US (NASDAQ:TMUS)

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