Wall Street analysts forecast that United States Cellular Corporation (NYSE:USM) will announce ($0.16) earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for United States Cellular Corporation’s earnings, with estimates ranging from ($0.26) to ($0.11). United States Cellular Corporation reported earnings per share of ($0.07) during the same quarter last year, which indicates a negative year-over-year growth rate of 128.6%. The business is scheduled to issue its next earnings report on Friday, February 23rd.

According to Zacks, analysts expect that United States Cellular Corporation will report full year earnings of ($2.10) per share for the current financial year, with EPS estimates ranging from ($3.28) to $0.15. For the next fiscal year, analysts anticipate that the business will post earnings of $0.73 per share, with EPS estimates ranging from $0.09 to $2.51. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for United States Cellular Corporation.

United States Cellular Corporation (NYSE:USM) last issued its earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.10. United States Cellular Corporation had a positive return on equity of 0.94% and a negative net margin of 6.93%. The business had revenue of $963.00 million during the quarter, compared to analysts’ expectations of $968.80 million. During the same period in the prior year, the business earned $0.20 EPS. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut United States Cellular Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub upgraded United States Cellular Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $36.67.

Shares of United States Cellular Corporation (USM) opened at $33.48 on Wednesday. United States Cellular Corporation has a 1-year low of $32.29 and a 1-year high of $46.01. The firm has a market capitalization of $2,800.00, a price-to-earnings ratio of 87.15, a price-to-earnings-growth ratio of 165.80 and a beta of 0.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.23 and a quick ratio of 2.08.

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Several hedge funds and other institutional investors have recently modified their holdings of USM. Citigroup Inc. lifted its stake in shares of United States Cellular Corporation by 2,940.5% during the 2nd quarter. Citigroup Inc. now owns 3,375 shares of the Wireless communications provider’s stock worth $130,000 after purchasing an additional 3,264 shares during the last quarter. Sei Investments Co. lifted its stake in shares of United States Cellular Corporation by 22.6% during the 2nd quarter. Sei Investments Co. now owns 3,552 shares of the Wireless communications provider’s stock worth $136,000 after purchasing an additional 655 shares during the last quarter. MUFG Americas Holdings Corp purchased a new stake in shares of United States Cellular Corporation during the 3rd quarter worth $218,000. Legal & General Group Plc lifted its stake in shares of United States Cellular Corporation by 183.9% during the 2nd quarter. Legal & General Group Plc now owns 6,280 shares of the Wireless communications provider’s stock worth $241,000 after purchasing an additional 4,068 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in United States Cellular Corporation by 8.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,710 shares of the Wireless communications provider’s stock valued at $257,000 after buying an additional 515 shares in the last quarter. Hedge funds and other institutional investors own 14.54% of the company’s stock.

About United States Cellular Corporation

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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Earnings History and Estimates for United States Cellular Corporation (NYSE:USM)

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