T-Mobile US, Inc. (NASDAQ:TMUS) – Research analysts at Oppenheimer lifted their FY2018 earnings per share (EPS) estimates for T-Mobile US in a report released on Wednesday. Oppenheimer analyst T. Horan now expects that the Wireless communications provider will post earnings of $2.59 per share for the year, up from their prior estimate of $2.55. Oppenheimer also issued estimates for T-Mobile US’s FY2019 earnings at $3.27 EPS.
A number of other research analysts also recently commented on the company. Macquarie raised T-Mobile US from a “neutral” rating to an “outperform” rating in a report on Thursday, December 14th. BidaskClub raised T-Mobile US from a “sell” rating to a “hold” rating in a report on Thursday, December 14th. Morgan Stanley raised their price target on T-Mobile US from $72.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Deutsche Bank raised their price target on T-Mobile US to $72.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Finally, Jefferies Group reissued a “top pick” rating and issued a $62.78 price target (down previously from $72.00) on shares of T-Mobile US in a report on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $69.70.
T-Mobile US (NASDAQ:TMUS) last released its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter last year, the business posted $0.27 EPS. T-Mobile US’s quarterly revenue was up 7.7% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rational Advisors LLC acquired a new position in shares of T-Mobile US during the 3rd quarter valued at $105,000. Capital Bank & Trust Co increased its position in shares of T-Mobile US by 3,128.6% during the 3rd quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock valued at $139,000 after purchasing an additional 2,190 shares during the period. Opera Trading Capital acquired a new position in shares of T-Mobile US during the 3rd quarter valued at $154,000. Captrust Financial Advisors acquired a new position in shares of T-Mobile US during the 2nd quarter valued at $159,000. Finally, Renaissance Group LLC acquired a new position in shares of T-Mobile US during the 3rd quarter valued at $201,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.
In related news, EVP David A. Miller sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $62.78, for a total value of $941,700.00. Following the sale, the executive vice president now directly owns 104,448 shares in the company, valued at approximately $6,557,245.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is owned by company insiders.
T-Mobile US declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 6th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits 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 board believes its shares are undervalued.
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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