$1.00 Billion in Sales Expected for United States Cellular Corp (USM) This Quarter
Equities analysts predict that United States Cellular Corp (NYSE:USM) will announce $1.00 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for United States Cellular’s earnings. The highest sales estimate is $1.01 billion and the lowest is $990.24 million. United States Cellular reported sales of $991.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.9%. The company is expected to issue its next earnings results on Friday, February 23rd.
According to Zacks, analysts expect that United States Cellular will report full-year sales of $1.00 billion for the current financial year, with estimates ranging from $3.84 billion to $3.88 billion. For the next financial year, analysts expect that the firm will report sales of $3.86 billion per share, with estimates ranging from $3.74 billion to $3.96 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover United States Cellular.
United States Cellular (NYSE:USM) last issued its quarterly earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.10. United States Cellular had a negative net margin of 6.93% and a positive return on equity of 0.94%. The company had revenue of $963.00 million during the quarter, compared to the consensus estimate of $968.80 million. During the same period in the prior year, the company earned $0.20 EPS. United States Cellular’s revenue was down 5.9% on a year-over-year basis.
A number of brokerages have weighed in on USM. Zacks Investment Research downgraded shares of United States Cellular from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 14th. ValuEngine downgraded shares of United States Cellular from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. United States Cellular presently has a consensus rating of “Hold” and a consensus target price of $34.50.
A number of hedge funds have recently bought and sold shares of USM. Citigroup Inc. lifted its stake in United States Cellular by 2,940.5% during the second quarter. Citigroup Inc. now owns 3,375 shares of the Wireless communications provider’s stock valued at $130,000 after buying an additional 3,264 shares in the last quarter. Sei Investments Co. lifted its stake in United States Cellular by 22.6% during the second quarter. Sei Investments Co. now owns 3,552 shares of the Wireless communications provider’s stock valued at $136,000 after buying an additional 655 shares in the last quarter. MUFG Americas Holdings Corp purchased a new stake in United States Cellular during the third quarter valued at about $218,000. Legal & General Group Plc lifted its stake in United States Cellular by 183.9% during the second quarter. Legal & General Group Plc now owns 6,280 shares of the Wireless communications provider’s stock valued at $241,000 after buying an additional 4,068 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in United States Cellular by 8.3% during the second 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. 14.76% of the stock is owned by institutional investors.
Shares of United States Cellular (NYSE:USM) opened at $37.68 on Monday. United States Cellular has a 1-year low of $32.29 and a 1-year high of $45.79. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.23 and a quick ratio of 2.08. The firm has a market cap of $3,202.80, a PE ratio of -12.04, a price-to-earnings-growth ratio of 139.56 and a beta of 0.79.
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United States Cellular 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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