Equities research analysts expect T-Mobile US, Inc. (NASDAQ:TMUS) to post sales of $9.87 billion for the current quarter, according to Zacks. Seventeen analysts have issued estimates for T-Mobile US’s earnings, with estimates ranging from $9.60 billion to $10.15 billion. T-Mobile US reported sales of $9.22 billion in the same quarter last year, which indicates a positive year over year growth rate of 7%. The business is expected to announce its next earnings results on Wednesday, July 26th.
On average, analysts expect that T-Mobile US will report full year sales of $9.87 billion for the current year, with estimates ranging from $39.48 billion to $41.09 billion. For the next year, analysts forecast that the business will post sales of $43.04 billion per share, with estimates ranging from $41.69 billion to $44.70 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for T-Mobile US.
T-Mobile US (NASDAQ:TMUS) last released its earnings results on Monday, April 24th. The Wireless communications provider reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.46. The company had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $9.63 billion. T-Mobile US had a net margin of 4.39% and a return on equity of 6.96%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 EPS.
A number of equities analysts have commented on TMUS shares. Goldman Sachs Group, Inc. (The) raised shares of T-Mobile US from a “buy” rating to a “conviction-buy” rating and reduced their price objective for the stock from $81.00 to $65.72 in a research report on Friday, May 19th. Deutsche Bank AG reaffirmed a “neutral” rating and set a $68.00 price objective on shares of T-Mobile US in a research report on Monday, April 10th. SunTrust Banks, Inc. started coverage on shares of T-Mobile US in a research report on Tuesday, April 18th. They set a “buy” rating and a $76.00 price objective for the company. Jefferies Group LLC lifted their price objective on shares of T-Mobile US from $71.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of T-Mobile US in a research report on Wednesday, April 26th. Twelve equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. T-Mobile US has a consensus rating of “Buy” and a consensus price target of $66.94.
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Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in T-Mobile US by 2.6% in the first quarter. FMR LLC now owns 28,593,003 shares of the Wireless communications provider’s stock valued at $1,846,822,000 after buying an additional 736,329 shares during the period. Vanguard Group Inc. boosted its stake in T-Mobile US by 2.6% in the first quarter. Vanguard Group Inc. now owns 15,111,566 shares of the Wireless communications provider’s stock valued at $976,056,000 after buying an additional 379,244 shares during the period. BlackRock Inc. boosted its stake in T-Mobile US by 3,998.0% in the first quarter. BlackRock Inc. now owns 13,832,340 shares of the Wireless communications provider’s stock valued at $893,431,000 after buying an additional 13,494,802 shares during the period. Norges Bank purchased a new stake in T-Mobile US during the fourth quarter valued at $474,279,000. Finally, State Street Corp boosted its stake in T-Mobile US by 2.3% in the first quarter. State Street Corp now owns 5,309,965 shares of the Wireless communications provider’s stock valued at $342,971,000 after buying an additional 119,285 shares during the period. Institutional investors own 36.62% of the company’s stock.
T-Mobile US (NASDAQ TMUS) traded down 3.39% during midday trading on Friday, hitting $61.01. 10,267,323 shares of the stock traded hands. T-Mobile US has a 1-year low of $40.50 and a 1-year high of $68.88. The company has a 50-day moving average of $65.87 and a 200-day moving average of $62.56. The stock has a market cap of $50.69 billion, a PE ratio of 31.34 and a beta of 0.43.
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