United States Cellular Corp (NYSE:USM) – Investment analysts at Gabelli issued their FY2022 earnings per share estimates for United States Cellular in a research report issued to clients and investors on Monday. Gabelli analyst S. Dluzhevskiy forecasts that the Wireless communications provider will earn $1.05 per share for the year.
Other analysts have also recently issued research reports about the company. Zacks Investment Research raised United States Cellular from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Tuesday, February 27th. ValuEngine lowered United States Cellular from a “hold” rating to a “sell” rating in a research note on Tuesday.
United States Cellular (NYSE:USM) last announced its earnings results on Friday, February 23rd. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.13. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. United States Cellular had a return on equity of 1.22% and a net margin of 0.31%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.07) EPS.
Institutional investors and hedge funds have recently made changes to their positions in the business. Nationwide Fund Advisors grew its position in United States Cellular by 58.6% during the 3rd quarter. Nationwide Fund Advisors now owns 23,746 shares of the Wireless communications provider’s stock worth $841,000 after purchasing an additional 8,775 shares during the period. First Quadrant L P CA grew its position in United States Cellular by 31.7% during the 4th quarter. First Quadrant L P CA now owns 62,530 shares of the Wireless communications provider’s stock worth $2,353,000 after purchasing an additional 15,058 shares during the period. GSA Capital Partners LLP acquired a new stake in United States Cellular during the 3rd quarter worth about $485,000. Russell Investments Group Ltd. grew its position in United States Cellular by 20.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 69,672 shares of the Wireless communications provider’s stock worth $2,466,000 after purchasing an additional 11,690 shares during the period. Finally, Wells Fargo & Company MN grew its position in United States Cellular by 145.2% during the 3rd quarter. Wells Fargo & Company MN now owns 8,423 shares of the Wireless communications provider’s stock worth $298,000 after purchasing an additional 4,988 shares during the period. 15.28% of the stock is currently owned by institutional investors.
United States Cellular Company Profile
United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.
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