$962.41 Million in Sales Expected for U.S. Cellular (USM) This Quarter

Wall Street analysts expect U.S. Cellular (NYSE:USM) to announce $962.41 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for U.S. Cellular’s earnings, with the highest sales estimate coming in at $979.48 million and the lowest estimate coming in at $949.04 million. U.S. Cellular posted sales of $963.00 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.1%. The business is expected to issue its next earnings results on Friday, August 3rd.

On average, analysts expect that U.S. Cellular will report full year sales of $3.89 billion for the current year, with estimates ranging from $3.88 billion to $3.90 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $3.93 billion per share, with estimates ranging from $3.91 billion to $3.94 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover U.S. Cellular.

U.S. Cellular (NYSE:USM) last released its quarterly earnings results on Tuesday, May 1st. The Wireless communications provider reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.11. U.S. Cellular had a return on equity of 1.82% and a net margin of 0.80%. The company had revenue of $942.00 million for the quarter, compared to analyst estimates of $948.66 million. During the same quarter in the prior year, the firm posted $0.31 EPS. U.S. Cellular’s quarterly revenue was up .6% compared to the same quarter last year.

USM has been the topic of a number of recent analyst reports. Raymond James upgraded U.S. Cellular from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 2nd. ValuEngine upgraded U.S. Cellular from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Zacks Investment Research upgraded U.S. Cellular from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Tuesday, February 27th.

In other news, SVP Deirdre Drake sold 1,312 shares of the stock in a transaction on Wednesday, March 28th. The stock was sold at an average price of $40.50, for a total transaction of $53,136.00. Following the transaction, the senior vice president now owns 21,384 shares of the company’s stock, valued at approximately $866,052. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald E. Daly sold 1,880 shares of the stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $40.28, for a total value of $75,726.40. Following the transaction, the director now directly owns 3,350 shares in the company, valued at approximately $134,938. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,118 shares of company stock worth $205,671. Insiders own 1.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of U.S. Cellular by 10.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,320,456 shares of the Wireless communications provider’s stock worth $53,069,000 after buying an additional 121,021 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of U.S. Cellular by 9.8% during the 4th quarter. Renaissance Technologies LLC now owns 712,700 shares of the Wireless communications provider’s stock worth $26,819,000 after buying an additional 63,400 shares in the last quarter. Millennium Management LLC grew its position in shares of U.S. Cellular by 38.1% during the 1st quarter. Millennium Management LLC now owns 518,513 shares of the Wireless communications provider’s stock worth $20,839,000 after buying an additional 143,103 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of U.S. Cellular by 15.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 154,347 shares of the Wireless communications provider’s stock worth $6,204,000 after buying an additional 20,291 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of U.S. Cellular by 71.4% during the 1st quarter. Russell Investments Group Ltd. now owns 140,606 shares of the Wireless communications provider’s stock worth $5,650,000 after buying an additional 58,569 shares in the last quarter. 15.45% of the stock is currently owned by institutional investors and hedge funds.

NYSE:USM traded up $0.40 during midday trading on Monday, hitting $36.75. 76,600 shares of the company traded hands, compared to its average volume of 126,941. U.S. Cellular has a 12-month low of $32.06 and a 12-month high of $41.82. The firm has a market capitalization of $3.09 billion, a PE ratio of 63.33, a PEG ratio of 52.86 and a beta of 0.45. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.35 and a current ratio of 2.58.

U.S. Cellular Company Profile

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.

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Earnings History and Estimates for U.S. Cellular (NYSE:USM)

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