T-Mobile US (NASDAQ:TMUS) released its quarterly earnings data on Thursday. The Wireless communications provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11, Bloomberg Earnings reports. The company had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.84 billion. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS.
Shares of T-Mobile US (TMUS) traded down $2.55 during midday trading on Thursday, hitting $59.51. 4,847,033 shares of the company’s stock were exchanged, compared to its average volume of 3,474,378. T-Mobile US has a one year low of $54.60 and a one year high of $68.88. The company has a market capitalization of $51,630.00, a P/E ratio of 24.34, a PEG ratio of 0.81 and a beta of 0.30. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92.
A number of equities analysts have recently commented on TMUS shares. Deutsche Bank raised their price objective on shares of T-Mobile US to $72.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Bank of America raised their price objective on shares of T-Mobile US from $34.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday, October 24th. KeyCorp set a $72.00 price objective on shares of T-Mobile US and gave the stock a “buy” rating in a report on Wednesday, October 11th. UBS Group reaffirmed a “buy” rating and set a $70.00 price objective (down from $80.00) on shares of T-Mobile US in a report on Monday, November 6th. Finally, Moffett Nathanson raised shares of T-Mobile US from a “neutral” rating to a “buy” rating in a report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $69.86.
Several large investors have recently modified their holdings of the company. BBT Capital Management LLC grew its position in shares of T-Mobile US by 28.6% during the 4th quarter. BBT Capital Management LLC now owns 664,971 shares of the Wireless communications provider’s stock worth $42,232,000 after buying an additional 147,986 shares during the period. Sei Investments Co. grew its position in shares of T-Mobile US by 1.9% during the 4th quarter. Sei Investments Co. now owns 97,909 shares of the Wireless communications provider’s stock worth $6,219,000 after buying an additional 1,839 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $37,510,000. Capital One National Association grew its position in shares of T-Mobile US by 35.1% during the 4th quarter. Capital One National Association now owns 157,761 shares of the Wireless communications provider’s stock worth $10,020,000 after buying an additional 40,951 shares during the period. Finally, AGF Investments Inc. grew its position in shares of T-Mobile US by 1.1% during the 4th quarter. AGF Investments Inc. now owns 1,532,632 shares of the Wireless communications provider’s stock worth $97,337,000 after buying an additional 17,133 shares during the period. Institutional investors own 35.05% of the company’s stock.
T-Mobile US declared that its Board of Directors has authorized a share buyback program on Wednesday, December 6th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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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