T-Mobile US Inc (NASDAQ:TMUS) – Research analysts at Oppenheimer increased their FY2019 earnings per share estimates for shares of T-Mobile US in a report issued on Thursday. Oppenheimer analyst T. Horan now forecasts that the Wireless communications provider will earn $3.97 per share for the year, up from their prior forecast of $3.92.
A number of other equities analysts also recently issued reports on the company. Bank of America raised their price objective on T-Mobile US from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Friday. Raymond James Financial upgraded T-Mobile US from an “outperform” rating to a “strong-buy” rating in a research report on Friday. UBS Group upgraded T-Mobile US from an “outperform” rating to a “strong-buy” rating in a research report on Friday. BidaskClub upgraded T-Mobile US from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Finally, KeyCorp restated a “buy” rating and set a $76.00 price objective on shares of T-Mobile US in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and four have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $70.06.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.11. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. The company had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.84 billion. During the same period last year, the company earned $0.45 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year.
T-Mobile US announced that its board has approved a stock buyback plan on Wednesday, December 6th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the Wireless communications provider to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other news, EVP Peter A. Ewens sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $62.95, for a total transaction of $629,500.00. Following the completion of the sale, the executive vice president now owns 166,434 shares in the company, valued at $10,477,020.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP David A. Miller sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $62.78, for a total value of $941,700.00. Following the sale, the executive vice president now owns 104,448 shares of the company’s stock, valued at approximately $6,557,245.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,620 shares of company stock valued at $4,708,192. Corporate insiders own 0.29% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rational Advisors LLC bought a new stake in shares of T-Mobile US during the third quarter valued at approximately $105,000. Cerebellum GP LLC bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $127,000. Capital Bank & Trust Co increased its holdings in shares of T-Mobile US by 3,128.6% during the third quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock valued at $139,000 after acquiring an additional 2,190 shares in the last quarter. Opera Trading Capital bought a new stake in shares of T-Mobile US during the third quarter valued at approximately $154,000. Finally, Renaissance Group LLC bought a new stake in shares of T-Mobile US during the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 35.23% of the company’s stock.
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T-Mobile US Company Profile
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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