T-Mobile US, Inc. (NASDAQ:TMUS) – Equities research analysts at KeyCorp raised their Q4 2017 earnings per share (EPS) estimates for T-Mobile US in a research note issued to investors on Tuesday. KeyCorp analyst B. Nispel now anticipates that the Wireless communications provider will post earnings of $0.23 per share for the quarter, up from their prior forecast of $0.22. KeyCorp has a “Buy” rating and a $76.00 price target on the stock. KeyCorp also issued estimates for T-Mobile US’s Q1 2018 earnings at $0.43 EPS, Q2 2018 earnings at $0.77 EPS, Q3 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.40 EPS and FY2018 earnings at $2.18 EPS.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis.
T-Mobile US (NASDAQ:TMUS) opened at $63.84 on Thursday. T-Mobile US has a 12 month low of $54.60 and a 12 month high of $68.88. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. The stock has a market cap of $53,150.00, a P/E ratio of 25.04, a P/E/G ratio of 1.05 and a beta of 0.29.
Institutional investors have recently made changes to their positions in the company. Rational Advisors LLC acquired a new position in shares of T-Mobile US in the 3rd quarter valued at $105,000. Capital Bank & Trust Co increased its holdings in shares of T-Mobile US by 3,128.6% in the 3rd quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock valued at $139,000 after acquiring an additional 2,190 shares during the period. Opera Trading Capital acquired a new position in shares of T-Mobile US in the 3rd quarter valued at $154,000. Captrust Financial Advisors acquired a new position in T-Mobile US in the 2nd quarter valued at $159,000. Finally, Renaissance Group LLC acquired a new position in T-Mobile US in the 3rd quarter valued at $201,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Elizabeth A. Mcauliffe sold 4,310 shares of T-Mobile US stock in a transaction on Friday, December 29th. The shares were sold at an average price of $64.10, for a total value of $276,271.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Peter A. Ewens sold 10,000 shares of T-Mobile US stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $62.95, for a total transaction of $629,500.00. Following the completion of the transaction, the executive vice president now directly owns 166,434 shares in the company, valued at $10,477,020.30. The disclosure for this sale can be found here. Insiders have sold a total of 73,620 shares of company stock valued at $4,708,192 in the last 90 days. Insiders own 0.29% of the company’s stock.
T-Mobile US declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 6th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.
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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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