Analysts Anticipate United States Cellular Corp. (USM) to Announce ($0.08) Earnings Per Share
United States Cellular Corp. (NYSE:USM) has been given an average broker rating score of 3.00 (Hold) from the seven brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong sell recommendation, three have issued a hold recommendation and two have assigned a strong buy recommendation to the company.
Brokers have set a 1-year consensus price objective of $39.60 for the company and are anticipating that the company will post ($0.08) earnings per share for the current quarter, according to Zacks. Zacks has also given United States Cellular Corp. an industry rank of 67 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of United States Cellular Corp. from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Tuesday, August 9th.
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United States Cellular Corp. (NYSE:USM) opened at 37.70 on Friday. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 62.42 and a beta of 0.77. The company has a 50 day moving average of $35.55 and a 200 day moving average of $37.42. United States Cellular Corp. has a 52 week low of $32.72 and a 52 week high of $45.87.
United States Cellular Corp. (NYSE:USM) last announced its quarterly earnings results on Friday, November 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.07. United States Cellular Corp. had a return on equity of 1.42% and a net margin of 1.30%. The business earned $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, equities analysts forecast that United States Cellular Corp. will post $0.47 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its stake in shares of United States Cellular Corp. by 73.8% in the first quarter. Goldman Sachs Group Inc. now owns 15,666 shares of the company’s stock worth $716,000 after buying an additional 6,654 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of United States Cellular Corp. by 230.6% in the first quarter. Nuveen Asset Management LLC now owns 43,012 shares of the company’s stock worth $1,965,000 after buying an additional 30,000 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of United States Cellular Corp. by 5.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 5,700 shares of the company’s stock worth $260,000 after buying an additional 300 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in shares of United States Cellular Corp. during the first quarter worth about $699,000. Finally, Acadian Asset Management LLC raised its stake in shares of United States Cellular Corp. by 11.9% in the second quarter. Acadian Asset Management LLC now owns 298,560 shares of the company’s stock worth $11,724,000 after buying an additional 31,795 shares in the last quarter. Institutional investors and hedge funds own 14.72% of the company’s stock.
United States Cellular Corp. Company Profile
United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company operates all of its 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 vertical industries, such as construction, retail, professional services and real estate.
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