T-Mobile Us Inc Expected to Earn Q3 2018 Earnings of $0.79 Per Share (TMUS)

T-Mobile Us Inc (NASDAQ:TMUS) – Stock analysts at Oppenheimer lowered their Q3 2018 earnings estimates for T-Mobile Us in a report issued on Thursday, August 2nd. Oppenheimer analyst T. Horan now anticipates that the Wireless communications provider will earn $0.79 per share for the quarter, down from their prior forecast of $0.80. Oppenheimer currently has a “Outperform” rating on the stock. Oppenheimer also issued estimates for T-Mobile Us’ FY2019 earnings at $4.12 EPS.

T-Mobile Us (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, August 1st. The Wireless communications provider reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.06. The company had revenue of $10.57 billion for the quarter, compared to analyst estimates of $10.65 billion. T-Mobile Us had a net margin of 11.27% and a return on equity of 10.87%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share.

A number of other analysts have also issued reports on TMUS. Nomura reiterated a “neutral” rating and set a $68.00 price target on shares of T-Mobile Us in a research note on Thursday, August 2nd. ValuEngine upgraded shares of T-Mobile Us from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub upgraded shares of T-Mobile Us from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. Barclays assumed coverage on shares of T-Mobile Us in a research note on Wednesday, June 27th. They set an “overweight” rating and a $74.00 price target on the stock. Finally, Societe Generale reiterated a “buy” rating and set a $71.00 price target on shares of T-Mobile Us in a research note on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $71.46.

Shares of NASDAQ:TMUS opened at $66.30 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.67 and a current ratio of 0.76. The stock has a market cap of $52.15 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 1.03 and a beta of 0.44. T-Mobile Us has a 1 year low of $54.60 and a 1 year high of $66.52.

Several institutional investors have recently made changes to their positions in TMUS. DnB Asset Management AS acquired a new position in shares of T-Mobile Us during the second quarter worth about $240,108,000. CIBC Private Wealth Group LLC grew its position in shares of T-Mobile Us by 7,776.4% during the second quarter. CIBC Private Wealth Group LLC now owns 1,272,198 shares of the Wireless communications provider’s stock worth $76,014,000 after buying an additional 1,256,046 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in shares of T-Mobile Us during the first quarter worth about $43,931,000. Toronto Dominion Bank grew its position in shares of T-Mobile Us by 580.7% during the first quarter. Toronto Dominion Bank now owns 584,891 shares of the Wireless communications provider’s stock worth $35,700,000 after buying an additional 706,577 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of T-Mobile Us during the second quarter worth about $41,825,000. 33.49% of the stock is owned by institutional investors and hedge funds.

In other news, COO G Michael Sievert sold 5,851 shares of the business’s stock in a transaction dated Tuesday, July 3rd. The stock was sold at an average price of $59.38, for a total transaction of $347,432.38. Following the completion of the transaction, the chief operating officer now directly owns 460,700 shares of the company’s stock, valued at $27,356,366. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David A. Miller sold 5,000 shares of the business’s stock in a transaction dated Thursday, July 5th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,038 shares of company stock valued at $896,894. Corporate insiders own 0.37% of the company’s stock.

About T-Mobile Us

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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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Earnings History and Estimates for T-Mobile Us (NASDAQ:TMUS)

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