T-Mobile US Inc (NASDAQ:TMUS) – Stock analysts at William Blair issued their Q1 2018 earnings per share estimates for T-Mobile US in a research note issued to investors on Thursday. William Blair analyst J. Breen expects that the Wireless communications provider will post earnings per share of $0.77 for the quarter. William Blair also issued estimates for T-Mobile US’s Q2 2018 earnings at $0.83 EPS, Q3 2018 earnings at $0.88 EPS, Q4 2018 earnings at $0.58 EPS and FY2018 earnings at $3.06 EPS.
Other equities analysts have also issued research reports about the company. Moffett Nathanson raised T-Mobile US from a “neutral” rating to a “buy” rating in a research report on Monday, November 27th. HSBC raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Deutsche Bank raised T-Mobile US from a “hold” rating to a “buy” rating and lifted their price target for the stock from $56.22 to $65.00 in a research report on Thursday, November 9th. Societe Generale started 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. Finally, BTIG Research lifted their price target on T-Mobile US from $74.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have given a buy rating and four have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $70.06.
T-Mobile US (NASDAQ:TMUS) last announced its earnings results 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 9.96%. The firm had revenue of $10.76 billion for the quarter, compared to analysts’ expectations of $10.84 billion. During the same quarter in the previous year, the business posted $0.45 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbor Advisors LLC increased its position in shares of T-Mobile US by 81.2% during the 3rd 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 last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of T-Mobile US by 4.7% during the 3rd 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 acquiring an additional 2,296 shares during the period. Dana Investment Advisors Inc. grew its stake in shares of T-Mobile US by 0.8% during the 3rd quarter. Dana Investment Advisors Inc. now owns 299,119 shares of the Wireless communications provider’s stock valued at $18,444,000 after acquiring an additional 2,460 shares during the period. Northpointe Capital LLC grew its stake in shares of T-Mobile US by 34.2% during the 3rd quarter. Northpointe Capital LLC now owns 57,837 shares of the Wireless communications provider’s stock valued at $3,566,000 after acquiring an additional 14,726 shares during the period. Finally, Parametrica Management Ltd bought a new position in shares of T-Mobile US during the 3rd quarter valued at approximately $536,000. 35.05% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO J Braxton Carter II sold 15,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 163,688 shares of the company’s stock, valued at approximately $10,307,433.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $629,500.00. Following the sale, the executive vice president now directly owns 166,434 shares of the company’s stock, valued at approximately $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 valued at $4,708,192 in the last ninety days. Insiders own 0.29% of the company’s stock.
T-Mobile US declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 6th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the Wireless communications provider to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is 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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