United States Cellular Corp (NYSE:USM) – Equities research analysts at Gabelli issued their FY2022 earnings per share estimates for shares of United States Cellular in a research note issued on Monday. Gabelli analyst S. Dluzhevskiy forecasts that the Wireless communications provider will post earnings per share of $1.05 for the year.

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A number of other brokerages also recently commented on USM. Zacks Investment Research raised shares of United States Cellular from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Tuesday, February 27th. ValuEngine downgraded shares of United States Cellular from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.

Shares of United States Cellular (NYSE:USM) traded up $0.91 during mid-day trading on Wednesday, hitting $40.14. 267,479 shares of the stock were exchanged, compared to its average volume of 124,053. United States Cellular has a fifty-two week low of $32.06 and a fifty-two week high of $41.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.83 and a current ratio of 2.02. The stock has a market cap of $3,486.34, a P/E ratio of 332.42, a PEG ratio of 74.18 and a beta of 0.51.

United States Cellular (NYSE:USM) last issued its earnings results on Friday, February 23rd. The Wireless communications provider reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.13. United States Cellular had a net margin of 0.31% and a return on equity of 1.22%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the firm posted ($0.07) EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MUFG Americas Holdings Corp acquired a new stake in United States Cellular during the 3rd quarter valued at $218,000. SG Americas Securities LLC acquired a new stake in United States Cellular during the 4th quarter valued at $246,000. Virtu Financial LLC acquired a new stake in United States Cellular during the 4th quarter valued at $253,000. Public Employees Retirement System of Ohio grew its holdings in United States Cellular 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 purchasing an additional 515 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in United States Cellular during the 4th quarter valued at $286,000. 15.28% of the stock is owned by institutional investors and hedge funds.

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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.

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

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