-$0.09 EPS Expected for United States Cellular Corporation (USM) This Quarter

Equities analysts expect that United States Cellular Corporation (NYSE:USM) will post earnings per share (EPS) of ($0.09) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for United States Cellular Corporation’s earnings, with the lowest EPS estimate coming in at ($0.26) and the highest estimate coming in at $0.10. United States Cellular Corporation posted earnings per share of ($0.07) in the same quarter last year, which suggests a negative year over year growth rate of 28.6%. The company is scheduled to issue its next earnings results on Friday, February 23rd.

On average, analysts expect that United States Cellular Corporation will report full year earnings of ($3.18) per share for the current year, with EPS estimates ranging from ($3.30) to ($2.96). For the next year, analysts expect that the firm will report earnings of $0.75 per share, with EPS estimates ranging from $0.09 to $2.60. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow United States Cellular Corporation.

United States Cellular Corporation (NYSE:USM) last issued its earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.01 by $0.10. United States Cellular Corporation had a positive return on equity of 0.94% and a negative net margin of 6.93%. The business had revenue of $963.00 million during the quarter, compared to the consensus estimate of $968.80 million. During the same quarter last year, the company earned $0.20 EPS. The firm’s revenue was down 5.9% compared to the same quarter last year.

USM has been the subject of several analyst reports. Zacks Investment Research upgraded United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Thursday, October 5th. BidaskClub upgraded United States Cellular Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $36.67.

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Several institutional investors and hedge funds have recently modified their holdings of USM. JPMorgan Chase & Co. boosted its position in shares of United States Cellular Corporation by 43.9% during the 1st quarter. JPMorgan Chase & Co. now owns 23,303 shares of the Wireless communications provider’s stock valued at $870,000 after acquiring an additional 7,104 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of United States Cellular Corporation by 13.6% during the 1st quarter. TIAA CREF Investment Management LLC now owns 48,516 shares of the Wireless communications provider’s stock valued at $1,811,000 after acquiring an additional 5,799 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of United States Cellular Corporation by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 1,746,129 shares of the Wireless communications provider’s stock valued at $65,183,000 after acquiring an additional 104,640 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of United States Cellular Corporation by 30.4% during the 1st quarter. Geode Capital Management LLC now owns 142,233 shares of the Wireless communications provider’s stock valued at $5,309,000 after acquiring an additional 33,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of United States Cellular Corporation by 9.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 933,874 shares of the Wireless communications provider’s stock valued at $34,862,000 after acquiring an additional 78,285 shares during the last quarter. Hedge funds and other institutional investors own 14.54% of the company’s stock.

Shares of United States Cellular Corporation (NYSE:USM) traded up $0.92 during midday trading on Wednesday, reaching $35.66. The company’s stock had a trading volume of 109,533 shares, compared to its average volume of 71,121. United States Cellular Corporation has a fifty-two week low of $32.29 and a fifty-two week high of $46.01. The company has a current ratio of 2.23, a quick ratio of 2.08 and a debt-to-equity ratio of 0.48. The company has a market cap of $3,120.00, a P/E ratio of 85.85 and a beta of 0.71.

About United States Cellular Corporation

United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.

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Earnings History and Estimates for United States Cellular Corporation (NYSE:USM)

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