Analysts expect T-Mobile US, Inc. (NASDAQ:TMUS) to post $10.86 billion in sales for the current quarter, Zacks reports. Sixteen analysts have issued estimates for T-Mobile US’s earnings. The highest sales estimate is $11.42 billion and the lowest is $10.50 billion. T-Mobile US reported sales of $10.18 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.7%. The firm is expected to issue its next earnings results on Tuesday, February 13th.
On average, analysts expect that T-Mobile US will report full year sales of $10.86 billion for the current financial year, with estimates ranging from $40.35 billion to $41.31 billion. For the next financial year, analysts forecast that the company will report sales of $43.07 billion per share, with estimates ranging from $41.88 billion to $44.12 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for T-Mobile US.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. The business had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.01 billion. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS.
TMUS has been the subject of several recent research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 target price on shares of T-Mobile US in a research report on Tuesday, October 3rd. Cowen and Company reaffirmed a “buy” rating and set a $70.00 price objective on shares of T-Mobile US in a report on Friday, August 25th. KeyCorp reissued an “overweight” rating and issued a $72.00 price target on shares of T-Mobile US in a report on Saturday, September 16th. BidaskClub cut shares of T-Mobile US from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $70.00 price objective on shares of T-Mobile US in a research note on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $69.91.
A number of institutional investors and hedge funds have recently modified their holdings of TMUS. Vanguard Group Inc. boosted its stake in shares of T-Mobile US by 2.6% in the second quarter. Vanguard Group Inc. now owns 15,500,894 shares of the Wireless communications provider’s stock worth $939,664,000 after acquiring an additional 389,328 shares during the period. BlackRock Inc. boosted its stake in T-Mobile US by 10.9% during the second quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock valued at $929,608,000 after buying an additional 1,502,636 shares during the last quarter. Paulson & CO. Inc. boosted its stake in T-Mobile US by 46.1% during the second quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock valued at $366,793,000 after buying an additional 1,910,600 shares during the last quarter. Carmignac Gestion boosted its stake in T-Mobile US by 32.1% during the third quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock valued at $360,353,000 after buying an additional 1,419,024 shares during the last quarter. Finally, State Street Corp boosted its stake in T-Mobile US by 5.4% during the second quarter. State Street Corp now owns 5,599,085 shares of the Wireless communications provider’s stock valued at $339,409,000 after buying an additional 289,120 shares during the last quarter. Institutional investors and hedge funds own 35.09% of the company’s stock.
Shares of T-Mobile US (NASDAQ TMUS) traded down $0.36 during trading hours on Friday, hitting $56.44. 4,429,000 shares of the stock were exchanged, compared to its average volume of 4,260,572. The firm has a market cap of $46,960.00, a price-to-earnings ratio of 25.70, a P/E/G ratio of 1.25 and a beta of 0.29. T-Mobile US has a 12 month low of $51.87 and a 12 month high of $68.88. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50.
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T-Mobile US Company Profile
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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