Oppenheimer Comments on T-Mobile US Inc’s FY2019 Earnings (TMUS)
T-Mobile US Inc (NASDAQ:TMUS) – Research analysts at Oppenheimer boosted their FY2019 earnings estimates for T-Mobile US in a research report issued to clients and investors on Thursday. Oppenheimer analyst T. Horan now anticipates that the Wireless communications provider will post earnings per share of $3.97 for the year, up from their prior forecast of $3.92.
Several other research firms have also commented on TMUS. BidaskClub raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Macquarie raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 14th. KeyCorp reaffirmed a “buy” rating and set a $76.00 price objective on shares of T-Mobile US in a research note on Tuesday, January 2nd. Morgan Stanley lifted their price objective on shares of T-Mobile US from $72.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Finally, Jefferies Group reaffirmed a “top pick” rating and set a $62.78 price objective (down from $72.00) on shares of T-Mobile US in a research note on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company. T-Mobile US has a consensus rating of “Buy” and a consensus price target of $69.87.
T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. T-Mobile US had a net margin of 11.19% and a return on equity of 9.60%. The firm had revenue of $10.76 billion during the quarter, compared to analyst estimates of $10.84 billion. During the same period last year, the firm posted $0.45 earnings per share. T-Mobile US’s revenue for the quarter was up 5.1% compared to the same quarter last year.
T-Mobile US declared that its Board of Directors has approved a share buyback program on Wednesday, December 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the Wireless communications provider to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In related news, EVP Elizabeth A. Mcauliffe sold 4,310 shares of T-Mobile US stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $64.10, for a total value of $276,271.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David A. Miller sold 15,000 shares of T-Mobile US stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $62.78, for a total value of $941,700.00. Following the completion of the sale, the executive vice president now owns 104,448 shares of the company’s stock, valued at $6,557,245.44. The disclosure for this sale can be found here. Insiders sold 73,620 shares of company stock valued at $4,708,192 over the last 90 days. 0.29% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Harbor Advisors LLC raised its holdings in shares of T-Mobile US by 81.2% in the third quarter. Harbor Advisors LLC now owns 18,000 shares of the Wireless communications provider’s stock valued at $1,110,000 after acquiring an additional 8,068 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in T-Mobile US by 4.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,484 shares of the Wireless communications provider’s stock worth $3,175,000 after purchasing an additional 2,296 shares in the last quarter. James Investment Research Inc. raised its holdings in T-Mobile US by 16.4% in the fourth quarter. James Investment Research Inc. now owns 30,500 shares of the Wireless communications provider’s stock worth $1,937,000 after purchasing an additional 4,300 shares in the last quarter. Northpointe Capital LLC raised its holdings in T-Mobile US by 34.2% in the third quarter. Northpointe Capital LLC now owns 57,837 shares of the Wireless communications provider’s stock worth $3,566,000 after purchasing an additional 14,726 shares in the last quarter. Finally, Dana Investment Advisors Inc. raised its holdings in T-Mobile US by 0.8% in the third quarter. Dana Investment Advisors Inc. now owns 299,119 shares of the Wireless communications provider’s stock worth $18,444,000 after purchasing an additional 2,460 shares in the last quarter. Hedge funds and other institutional investors own 35.23% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Oppenheimer Comments on T-Mobile US Inc’s FY2019 Earnings (TMUS)” was posted by Daily Political and is owned by of Daily Political. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.dailypolitical.com/2018/02/14/oppenheimer-comments-on-t-mobile-us-incs-fy2019-earnings-tmus.html.
T-Mobile US Company Profile
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.