T-Mobile US Inc (NASDAQ:TMUS) – Investment analysts at SunTrust Banks reduced their Q4 2018 earnings per share estimates for shares of T-Mobile US in a note issued to investors on Thursday. SunTrust Banks analyst G. Miller now anticipates that the Wireless communications provider will post earnings of $1.00 per share for the quarter, down from their prior estimate of $1.02. SunTrust Banks also issued estimates for T-Mobile US’s Q1 2019 earnings at $0.97 EPS, Q2 2019 earnings at $1.29 EPS and Q4 2019 earnings at $1.24 EPS.
A number of other research analysts have also recently issued reports on TMUS. Cowen reaffirmed a “buy” rating and issued a $70.00 target price on shares of T-Mobile US in a report on Tuesday, October 17th. Zacks Investment Research cut shares of T-Mobile US from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. BTIG Research increased their target price on shares of T-Mobile US from $74.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Societe Generale initiated coverage on shares of T-Mobile US in a report on Tuesday, October 24th. They issued a “buy” rating and a $71.00 target price for the company. Finally, Macquarie reaffirmed a “hold” rating and issued a $68.00 target price on shares of T-Mobile US in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty have given a buy rating and four have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $70.06.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.11. T-Mobile US had a net margin of 11.19% and a return on equity of 9.60%. The firm had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.84 billion. During the same quarter last year, the firm 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 program on Wednesday, December 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
In other news, CFO J Braxton Carter II sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $62.97, for a total transaction of $944,550.00. Following the completion of the transaction, the chief financial officer now directly owns 163,688 shares of the company’s stock, valued at approximately $10,307,433.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Peter A. Ewens sold 10,000 shares of the firm’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 transaction, the executive vice president now directly owns 166,434 shares of the company’s stock, valued at $10,477,020.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,620 shares of company stock valued at $4,708,192. Corporate insiders own 0.29% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of TMUS. Rational Advisors LLC purchased a new stake in T-Mobile US in the 3rd quarter worth approximately $105,000. Cerebellum GP LLC purchased a new stake in T-Mobile US in the 4th quarter worth approximately $127,000. Capital Bank & Trust Co grew its stake 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 worth $139,000 after acquiring an additional 2,190 shares during the period. Opera Trading Capital purchased a new stake in T-Mobile US in the 3rd quarter worth approximately $154,000. Finally, Atria Investments LLC purchased a new stake in T-Mobile US in the 4th quarter worth approximately $207,000. 35.23% of the stock is owned by institutional investors and hedge funds.
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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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