United States Cellular Corporation (NYSE:USM) will be releasing its earnings data before the market opens on Thursday, November 2nd. Analysts expect United States Cellular Corporation to post earnings of $0.04 per share for the quarter.
United States Cellular Corporation (NYSE:USM) last released its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.03). The business had revenue of $963.00 million for the quarter, compared to the consensus estimate of $949.43 million. United States Cellular Corporation had a net margin of 1.26% and a return on equity of 1.12%. United States Cellular Corporation’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. On average, analysts expect United States Cellular Corporation to post $0.37 EPS for the current fiscal year and $0.18 EPS for the next fiscal year.
United States Cellular Corporation (NYSE USM) opened at 36.59 on Wednesday. United States Cellular Corporation has a 1-year low of $33.30 and a 1-year high of $46.01. The stock’s 50 day moving average is $36.19 and its 200 day moving average is $37.97. The company has a market cap of $3.11 billion, a P/E ratio of 63.97 and a beta of 0.81.
A number of equities research analysts have recently weighed in on USM shares. Zacks Investment Research upgraded shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Thursday, October 5th. BidaskClub lowered shares of United States Cellular Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. United States Cellular Corporation presently has a consensus rating of “Hold” and an average target price of $37.33.
In other news, EVP Steven T. Campbell sold 18,292 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $39.95, for a total value of $730,765.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.
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United States Cellular Corporation 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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