$0.59 EPS Expected for T-Mobile US, Inc. (NASDAQ:TMUS) This Quarter

Equities research analysts predict that T-Mobile US, Inc. (NASDAQ:TMUS) will post earnings of $0.59 per share for the current fiscal quarter, according to Zacks. Thirteen analysts have provided estimates for T-Mobile US’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $1.34. T-Mobile US posted earnings per share of $1.17 in the same quarter last year, which would suggest a negative year over year growth rate of 49.6%. The company is scheduled to announce its next earnings results on Thursday, November 4th.

On average, analysts expect that T-Mobile US will report full year earnings of $2.46 per share for the current financial year, with EPS estimates ranging from $1.99 to $3.81. For the next year, analysts expect that the company will post earnings of $3.46 per share, with EPS estimates ranging from $1.92 to $6.81. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover T-Mobile US.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, July 29th. The Wireless communications provider reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.26. The business had revenue of $19.95 billion during the quarter, compared to analysts’ expectations of $19.39 billion. T-Mobile US had a net margin of 4.93% and a return on equity of 7.41%. During the same period in the prior year, the business earned $0.09 earnings per share.

Several research firms have recently commented on TMUS. Raymond James raised their price objective on shares of T-Mobile US from $146.00 to $151.00 and gave the company an “outperform” rating in a research note on Monday, August 2nd. DZ Bank began coverage on shares of T-Mobile US in a research report on Tuesday, July 20th. They issued a “buy” rating and a $170.00 price objective on the stock. JPMorgan Chase & Co. set a $175.00 target price on shares of T-Mobile US in a research report on Friday, July 30th. UBS Group assumed coverage on shares of T-Mobile US in a research note on Thursday, September 9th. They issued an “outperform” rating for the company. Finally, Truist upped their price objective on shares of T-Mobile US from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Three research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $163.04.

In related news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $142.63, for a total value of $2,852,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP David A. Miller sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 11th. The stock was sold at an average price of $143.31, for a total transaction of $429,930.00. The disclosure for this sale can be found here. 0.69% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. FFT Wealth Management LLC purchased a new stake in T-Mobile US during the second quarter valued at about $32,000. Eagle Bay Advisors LLC bought a new position in shares of T-Mobile US during the second quarter valued at approximately $34,000. Harvest Fund Management Co. Ltd bought a new position in shares of T-Mobile US during the second quarter valued at approximately $34,000. Credit Agricole S A increased its stake in shares of T-Mobile US by 74.1% during the first quarter. Credit Agricole S A now owns 357 shares of the Wireless communications provider’s stock valued at $45,000 after purchasing an additional 152 shares in the last quarter. Finally, Manchester Capital Management LLC grew its holdings in shares of T-Mobile US by 86.3% during the first quarter. Manchester Capital Management LLC now owns 367 shares of the Wireless communications provider’s stock valued at $46,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 38.99% of the company’s stock.

T-Mobile US stock traded down $1.85 during midday trading on Wednesday, hitting $127.07. 412,335 shares of the stock were exchanged, compared to its average volume of 4,356,467. T-Mobile US has a fifty-two week low of $107.56 and a fifty-two week high of $150.20. The stock has a market capitalization of $158.58 billion, a price-to-earnings ratio of 40.72 and a beta of 0.55. The stock’s 50-day simple moving average is $141.59 and its 200 day simple moving average is $137.21. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.08.

About T-Mobile US

T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.

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