T-Mobile US, Inc. (NASDAQ:TMUS) – Equities researchers at Oppenheimer Holdings upped their Q4 2017 earnings estimates for T-Mobile US in a research report issued on Wednesday. Oppenheimer Holdings analyst T. Horan now expects that the Wireless communications provider will post earnings per share of $0.35 for the quarter, up from their prior estimate of $0.28. Oppenheimer Holdings also issued estimates for T-Mobile US’s FY2018 earnings at $2.55 EPS.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.17. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The company had revenue of $10.02 billion during the quarter, compared to analysts’ expectations of $10.01 billion. During the same period last year, the firm posted $0.27 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis.
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Several other equities analysts also recently commented on TMUS. Moffett Nathanson reiterated a “neutral” rating on shares of T-Mobile US in a research note on Thursday, October 12th. Societe Generale began coverage on T-Mobile US in a research note on Tuesday, October 24th. They issued a “buy” rating and a $71.00 price objective on the stock. BidaskClub upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Macquarie reiterated a “hold” rating and issued a $68.00 price objective on shares of T-Mobile US in a research note on Tuesday, October 24th. Finally, Bank of America Corporation upped their price objective on T-Mobile US from $34.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $70.43.
Shares of T-Mobile US (TMUS) opened at 59.77 on Monday. The firm has a market capitalization of $49.67 billion, a PE ratio of 25.33 and a beta of 0.40. The stock has a 50 day moving average price of $61.97 and a 200-day moving average price of $63.56. T-Mobile US has a 52-week low of $48.76 and a 52-week high of $68.88.
Hedge funds have recently modified their holdings of the stock. OZ Management LP raised its position in shares of T-Mobile US by 35.7% in the second quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock worth $105,083,000 after buying an additional 455,847 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of T-Mobile US by 6.6% in the second quarter. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider’s stock worth $1,742,000 after buying an additional 1,789 shares in the last quarter. Harbor Advisors LLC raised its position in shares of T-Mobile US by 81.2% in the third quarter. Harbor Advisors LLC now owns 18,000 shares of the Wireless communications provider’s stock worth $1,110,000 after buying an additional 8,068 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of T-Mobile US by 1,887.3% in the second quarter. PNC Financial Services Group Inc. now owns 1,053,568 shares of the Wireless communications provider’s stock worth $63,865,000 after buying an additional 1,000,552 shares in the last quarter. Finally, Arizona State Retirement System purchased a new stake in shares of T-Mobile US in the second quarter worth $1,390,000. Institutional investors own 35.05% of the company’s stock.
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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