Q3 2016 Earnings Forecast for T-Mobile US Inc. Issued By Jefferies Group (TMUS)
T-Mobile US Inc. (NASDAQ:TMUS) – Stock analysts at Jefferies Group decreased their Q3 2016 earnings estimates for shares of T-Mobile US in a research report issued to clients and investors on Friday. Jefferies Group analyst M. Mccormack now forecasts that the brokerage will post earnings of $0.22 per share for the quarter, down from their prior estimate of $0.23. Jefferies Group has a “Buy” rating and a $55.00 price objective on the stock.
A number of other analysts have also recently weighed in on TMUS. Morgan Stanley reiterated an “overweight” rating on shares of T-Mobile US in a research report on Wednesday, June 29th. Buckingham Research upped their price target on T-Mobile US from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, August 25th. Vetr cut T-Mobile US from a “buy” rating to a “hold” rating and set a $48.53 price target on the stock. in a research report on Monday, September 5th. HSBC reiterated a “hold” rating on shares of T-Mobile US in a research report on Wednesday, September 28th. Finally, Argus reiterated a “buy” rating and issued a $56.00 price target (up from $49.00) on shares of T-Mobile US in a research report on Thursday, August 4th. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. T-Mobile US has a consensus rating of “Buy” and an average target price of $49.12.
Shares of T-Mobile US (NASDAQ:TMUS) opened at 46.75 on Monday. The firm has a 50-day moving average of $46.42 and a 200 day moving average of $43.17. T-Mobile US has a 12 month low of $33.23 and a 12 month high of $48.11. The company has a market capitalization of $38.46 billion, a PE ratio of 35.96 and a beta of 0.51.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. T-Mobile US had a net margin of 3.36% and a return on equity of 6.77%. The firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the previous year, the business earned $0.42 earnings per share. T-Mobile US’s revenue for the quarter was up 12.2% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently bought and sold shares of TMUS. Creative Planning increased its position in T-Mobile US by 45.2% in the second quarter. Creative Planning now owns 2,970 shares of the company’s stock worth $129,000 after buying an additional 924 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in T-Mobile US by 9.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,079 shares of the company’s stock worth $133,000 after buying an additional 269 shares during the last quarter. Invictus RG increased its position in T-Mobile US by 330.4% in the first quarter. Invictus RG now owns 3,641 shares of the company’s stock worth $139,000 after buying an additional 2,795 shares during the last quarter. Checchi Capital Advisers LLC increased its position in T-Mobile US by 1.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,386 shares of the company’s stock worth $147,000 after buying an additional 48 shares during the last quarter. Finally, Global X Management Co. LLC increased its position in T-Mobile US by 125.3% in the second quarter. Global X Management Co. LLC now owns 3,773 shares of the company’s stock worth $163,000 after buying an additional 2,098 shares during the last quarter. Institutional investors and hedge funds own 34.17% of the company’s stock.
In related news, CFO J Braxton Carter II sold 8,550 shares of the stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $44.75, for a total transaction of $382,612.50. Following the completion of the transaction, the chief financial officer now directly owns 189,971 shares in the company, valued at $8,501,202.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David A. Miller sold 10,000 shares of the stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $44.00, for a total value of $440,000.00. Following the transaction, the executive vice president now owns 119,816 shares of the company’s stock, valued at $5,271,904. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.
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