United States Cellular Corporation (USM) Announces Quarterly Earnings Results, Misses Expectations By $0.03 EPS
United States Cellular Corporation (NYSE:USM) issued its quarterly earnings data on Friday. The Wireless communications provider reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.03, MarketWatch Earnings reports. The firm had revenue of $963 million during the quarter, compared to the consensus estimate of $949.43 million. United States Cellular Corporation had a net margin of 1.63% and a return on equity of 1.45%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 earnings per share.
Shares of United States Cellular Corporation (USM) opened at 39.78 on Friday. United States Cellular Corporation has a 12 month low of $33.30 and a 12 month high of $46.01. The company has a market capitalization of $3.38 billion, a P/E ratio of 52.20 and a beta of 0.82. The company has a 50-day moving average of $38.18 and a 200 day moving average of $39.29.
In other news, SVP Deirdre Drake sold 6,755 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $38.72, for a total value of $261,553.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jay Ellison sold 8,447 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $38.85, for a total transaction of $328,165.95. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Wednesday. ValuEngine upgraded shares of United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, BidaskClub downgraded shares of United States Cellular Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. United States Cellular Corporation has an average rating of “Hold” and a consensus price target of $38.00.
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United States Cellular Corporation Company Profile
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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