Oppenheimer Comments on T-Mobile US, Inc.’s FY2018 Earnings (TMUS)

T-Mobile US, Inc. (NASDAQ:TMUS) – Oppenheimer boosted their FY2018 EPS estimates for shares of T-Mobile US in a research report issued on Wednesday. Oppenheimer analyst T. Horan now forecasts that the Wireless communications provider will post earnings per share of $3.10 for the year, up from their previous estimate of $3.09. Oppenheimer also issued estimates for T-Mobile US’s FY2019 earnings at $3.92 EPS.

A number of other equities research analysts have also issued reports on the stock. Jefferies Group dropped their price objective on shares of T-Mobile US from $83.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. BTIG Research upped their price objective on shares of T-Mobile US from $74.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Deutsche Bank raised shares of T-Mobile US from a “hold” rating to a “buy” rating and upped their price objective for the company from $56.22 to $65.00 in a report on Thursday, November 9th. BidaskClub lowered shares of T-Mobile US from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. Finally, HSBC raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. 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 stock. The company currently has an average rating of “Buy” and a consensus target price of $69.86.

Shares of T-Mobile US (TMUS) traded down $0.05 on Thursday, hitting $63.84. 3,149,100 shares of the company were exchanged, compared to its average volume of 3,270,900. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.80. T-Mobile US has a 12-month low of $54.60 and a 12-month high of $68.88. The stock has a market capitalization of $53,110.00, a price-to-earnings ratio of 25.04, a P/E/G ratio of 1.05 and a beta of 0.29.

T-Mobile US (NASDAQ:TMUS) last announced 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 net margin of 5.55% and a return on equity of 9.99%. The firm had revenue of $10.02 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the firm posted $0.27 earnings per share. T-Mobile US’s quarterly revenue was up 7.7% on a year-over-year basis.

Institutional investors and hedge funds have recently modified their holdings of the company. Harbor Advisors LLC lifted its position in shares of T-Mobile US by 81.2% during the third quarter. Harbor Advisors LLC now owns 18,000 shares of the Wireless communications provider’s stock worth $1,110,000 after purchasing an additional 8,068 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of T-Mobile US by 4.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,484 shares of the Wireless communications provider’s stock worth $3,175,000 after purchasing an additional 2,296 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of T-Mobile US by 1,887.3% during 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 purchasing an additional 1,000,552 shares in the last quarter. Northpointe Capital LLC lifted its position in shares of T-Mobile US by 34.2% during the third quarter. Northpointe Capital LLC now owns 57,837 shares of the Wireless communications provider’s stock worth $3,566,000 after purchasing an additional 14,726 shares in the last quarter. Finally, Parametrica Management Ltd acquired a new stake in shares of T-Mobile US during the third quarter worth about $536,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Peter A. Ewens sold 10,000 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $65.05, for a total transaction of $650,500.00. Following the sale, the executive vice president now owns 146,434 shares of the company’s stock, valued at $9,525,531.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J Braxton Carter II sold 15,000 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $65.96, for a total transaction of $989,400.00. Following the sale, the chief financial officer now directly owns 199,788 shares in the company, valued at approximately $13,178,016.48. The disclosure for this sale can be found here. Insiders sold 73,620 shares of company stock worth $4,708,192 in the last ninety days. 0.29% of the stock is currently owned by corporate insiders.

T-Mobile US announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 6th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the Wireless communications provider to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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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.

Earnings History and Estimates for T-Mobile US (NASDAQ:TMUS)

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