Analysts Expect U.S. Cellular (USM) Will Post Quarterly Sales of $962.41 Million

Wall Street brokerages expect U.S. Cellular (NYSE:USM) to post sales of $962.41 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for U.S. Cellular’s earnings, with the lowest sales estimate coming in at $949.04 million and the highest estimate coming in at $979.48 million. U.S. Cellular reported sales of $963.00 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.1%. The company is expected to announce its next quarterly earnings report on Friday, August 3rd.

On average, analysts expect that U.S. Cellular will report full-year sales of $3.89 billion for the current financial year, with estimates ranging from $3.88 billion to $3.90 billion. For the next financial year, analysts anticipate that the company will post sales of $3.93 billion per share, with estimates ranging from $3.91 billion to $3.94 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover U.S. Cellular.

U.S. Cellular (NYSE:USM) last issued its earnings results on Tuesday, May 1st. The Wireless communications provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. The firm had revenue of $942.00 million during the quarter, compared to analyst estimates of $948.66 million. U.S. Cellular had a net margin of 0.80% and a return on equity of 1.82%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the business earned $0.31 earnings per share.

A number of equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of U.S. Cellular from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. Zacks Investment Research raised shares of U.S. Cellular from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Tuesday, February 27th. Finally, Raymond James raised shares of U.S. Cellular from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 2nd.

U.S. Cellular traded up $0.40, reaching $36.75, on Monday, MarketBeat reports. 76,600 shares of the company’s stock were exchanged, compared to its average volume of 126,941. The company has a quick ratio of 2.35, a current ratio of 2.58 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $3.09 billion, a PE ratio of 63.33, a P/E/G ratio of 52.86 and a beta of 0.45. U.S. Cellular has a 52 week low of $32.06 and a 52 week high of $41.82.

In related news, SVP Deirdre Drake sold 1,312 shares of the firm’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $40.50, for a total value of $53,136.00. Following the sale, the senior vice president now directly owns 21,384 shares of the company’s stock, valued at $866,052. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald E. Daly sold 1,880 shares of the firm’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $40.28, for a total transaction of $75,726.40. Following the completion of the sale, the director now directly owns 3,350 shares in the company, valued at $134,938. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,118 shares of company stock worth $205,671. Insiders own 1.90% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in U.S. Cellular by 10.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,320,456 shares of the Wireless communications provider’s stock valued at $53,069,000 after purchasing an additional 121,021 shares in the last quarter. Renaissance Technologies LLC raised its stake in U.S. Cellular by 9.8% in the fourth quarter. Renaissance Technologies LLC now owns 712,700 shares of the Wireless communications provider’s stock valued at $26,819,000 after purchasing an additional 63,400 shares in the last quarter. Millennium Management LLC raised its stake in U.S. Cellular by 38.1% in the first quarter. Millennium Management LLC now owns 518,513 shares of the Wireless communications provider’s stock valued at $20,839,000 after purchasing an additional 143,103 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of U.S. Cellular by 15.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 154,347 shares of the Wireless communications provider’s stock worth $6,204,000 after acquiring an additional 20,291 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of U.S. Cellular by 71.4% during the first quarter. Russell Investments Group Ltd. now owns 140,606 shares of the Wireless communications provider’s stock worth $5,650,000 after acquiring an additional 58,569 shares in the last quarter. 15.45% of the stock is currently owned by institutional investors and hedge funds.

About U.S. Cellular

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.

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Earnings History and Estimates for U.S. Cellular (NYSE:USM)

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