T-Mobile US Inc (NASDAQ:TMUS) – Investment analysts at KeyCorp raised their Q4 2018 earnings per share estimates for shares of T-Mobile US in a research note issued to investors on Thursday. KeyCorp analyst B. Nispel now anticipates that the Wireless communications provider will post earnings of $0.43 per share for the quarter, up from their previous estimate of $0.40. KeyCorp has a “Buy” rating and a $76.00 price objective on the stock. KeyCorp also issued estimates for T-Mobile US’s FY2019 earnings at $3.58 EPS.
A number of other brokerages have also recently commented on TMUS. Deutsche Bank upped their price target on T-Mobile US to $72.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Bank of America upped their price target on T-Mobile US from $34.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 24th. UBS Group upgraded T-Mobile US from an “outperform” rating to a “strong-buy” rating in a research report on Friday. Moffett Nathanson upgraded T-Mobile US from a “neutral” rating to a “buy” rating in a research report on Monday, November 27th. Finally, Societe Generale initiated coverage on T-Mobile US in a research report on Tuesday, October 24th. They issued a “buy” rating and a $71.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty have assigned a buy rating and four have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $70.06.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The business had revenue of $10.76 billion during the quarter, compared to analysts’ expectations of $10.84 billion. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share.
Several large investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC boosted its stake in T-Mobile US by 2.5% during the second quarter. Voya Investment Management LLC now owns 35,232 shares of the Wireless communications provider’s stock valued at $2,136,000 after buying an additional 875 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in T-Mobile US by 1.4% during the third quarter. Oregon Public Employees Retirement Fund now owns 68,575 shares of the Wireless communications provider’s stock valued at $4,228,000 after buying an additional 975 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in T-Mobile US by 1.7% during the third quarter. Xact Kapitalforvaltning AB now owns 59,229 shares of the Wireless communications provider’s stock valued at $3,652,000 after buying an additional 1,006 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in T-Mobile US by 2.3% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 47,938 shares of the Wireless communications provider’s stock valued at $2,956,000 after buying an additional 1,100 shares during the last quarter. Finally, BTC Capital Management Inc. boosted its stake in T-Mobile US by 26.3% during the fourth quarter. BTC Capital Management Inc. now owns 5,419 shares of the Wireless communications provider’s stock valued at $345,000 after buying an additional 1,128 shares during the last quarter. Hedge funds and other institutional investors own 35.23% of the company’s stock.
In related news, EVP David A. Miller sold 15,000 shares of the 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 completion of the sale, the executive vice president now owns 104,448 shares in the company, valued at $6,557,245.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter A. Ewens sold 10,000 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $65.05, for a total value of $650,500.00. Following the sale, the executive vice president now owns 146,434 shares of the company’s stock, valued at approximately $9,525,531.70. The disclosure for this sale can be found here. Insiders have sold 73,620 shares of company stock valued at $4,708,192 in the last quarter. 0.29% of the stock is currently owned by company insiders.
T-Mobile US declared that its Board of Directors has approved a share repurchase 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 repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management 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.
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