T-Mobile US Inc to Post FY2019 Earnings of $3.57 Per Share, William Blair Forecasts (TMUS)

T-Mobile US Inc (NASDAQ:TMUS) – Stock analysts at William Blair issued their FY2019 EPS estimates for T-Mobile US in a research report issued on Thursday. William Blair analyst J. Breen forecasts that the Wireless communications provider will post earnings per share of $3.57 for the year.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. T-Mobile US had a return on equity of 9.96% and a net margin of 11.19%. The firm had revenue of $10.76 billion for the quarter, compared to analysts’ expectations of $10.84 billion. During the same quarter last year, the firm posted $0.45 EPS. The company’s revenue was up 5.1% compared to the same quarter last year.

Other analysts have also recently issued research reports about the company. UBS Group raised T-Mobile US from an “outperform” rating to a “strong-buy” rating in a report on Friday. Raymond James Financial raised T-Mobile US from an “outperform” rating to a “strong-buy” rating in a report on Friday. Bank of America raised their price target on T-Mobile US from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Friday. Jefferies Group reaffirmed 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. Finally, Morgan Stanley raised their price target on T-Mobile US from $72.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have given a buy rating and four have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $70.06.

T-Mobile US (TMUS) traded up $0.32 during trading hours on Friday, hitting $59.20. The company’s stock had a trading volume of 5,150,000 shares, compared to its average volume of 3,410,000. T-Mobile US has a 1 year low of $54.60 and a 1 year high of $68.88. The stock has a market cap of $50,310.00, a PE ratio of 11.38, a P/E/G ratio of 0.79 and a beta of 0.30. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Paulson & CO. Inc. grew its position in T-Mobile US by 46.1% during the 2nd quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock worth $366,793,000 after acquiring an additional 1,910,600 shares during the last quarter. Carmignac Gestion grew its position in T-Mobile US by 32.1% during the 3rd quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock worth $360,353,000 after acquiring an additional 1,419,024 shares during the last quarter. State Street Corp grew its position in T-Mobile US by 5.4% during the 2nd quarter. State Street Corp now owns 5,599,085 shares of the Wireless communications provider’s stock worth $339,409,000 after acquiring an additional 289,120 shares during the last quarter. Bank of New York Mellon Corp grew its position in T-Mobile US by 13.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,251,576 shares of the Wireless communications provider’s stock worth $262,150,000 after acquiring an additional 498,332 shares during the last quarter. Finally, APG Asset Management N.V. grew its position in T-Mobile US by 11.8% during the 3rd quarter. APG Asset Management N.V. now owns 3,973,999 shares of the Wireless communications provider’s stock worth $245,037,000 after acquiring an additional 418,863 shares during the last quarter. Institutional investors and hedge funds own 35.05% of the company’s stock.

In related news, EVP Peter A. Ewens sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $62.95, for a total transaction of $629,500.00. Following the transaction, the executive vice president now directly owns 166,434 shares in the company, valued at approximately $10,477,020.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO J Braxton Carter II sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $62.97, for a total value of $944,550.00. Following the transaction, the chief financial officer now owns 163,688 shares in the company, valued at $10,307,433.36. The disclosure for this sale can be found here. Insiders have sold a total of 73,620 shares of company stock worth $4,708,192 over the last quarter. Corporate insiders own 0.29% of the company’s stock.

T-Mobile US declared that its board has initiated a stock repurchase program on Wednesday, December 6th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the Wireless communications provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are 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.

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

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