Wall Street brokerages expect that United States Cellular Corporation (NYSE:USM) will post $0.16 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for United States Cellular Corporation’s earnings. The lowest EPS estimate is ($0.03) and the highest is $0.47. United States Cellular Corporation reported earnings of $0.20 per share in the same quarter last year, which would suggest a negative year over year growth rate of 20%. The firm is expected to report its next earnings report on Friday, November 3rd.

On average, analysts expect that United States Cellular Corporation will report full-year earnings of $0.31 per share for the current year, with EPS estimates ranging from $0.05 to $0.80. For the next financial year, analysts forecast that the business will post earnings of $0.14 per share, with EPS estimates ranging from ($0.14) to $0.33. Zacks’ earnings per share averages are a mean 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 posted its quarterly earnings data on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The firm had revenue of $963 million for the quarter, compared to the consensus estimate of $949.43 million. United States Cellular Corporation had a return on equity of 1.12% and a net margin of 1.26%. United States Cellular Corporation’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Tuesday, May 9th. BidaskClub downgraded shares of United States Cellular Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Finally, ValuEngine upgraded shares of United States Cellular Corporation from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $38.00.

COPYRIGHT VIOLATION NOTICE: “$0.16 Earnings Per Share Expected for United States Cellular Corporation (NYSE:USM) This Quarter” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://www.watchlistnews.com/0-16-earnings-per-share-expected-for-united-states-cellular-corporation-nyseusm-this-quarter/1476161.html.

United States Cellular Corporation (USM) remained flat at $38.80 during mid-day trading on Friday. The company’s stock had a trading volume of 109,530 shares. The company’s 50 day moving average price is $38.42 and its 200-day moving average price is $39.11. United States Cellular Corporation has a 12 month low of $33.30 and a 12 month high of $46.01. The company has a market capitalization of $3.30 billion, a PE ratio of 67.83 and a beta of 0.82.

In other United States Cellular Corporation news, EVP Steven T. Campbell sold 18,292 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $39.95, for a total value of $730,765.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its stake in shares of United States Cellular Corporation by 3.0% in the second quarter. Rhumbline Advisers now owns 13,391 shares of the Wireless communications provider’s stock worth $513,000 after buying an additional 389 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in shares of United States Cellular Corporation by 4.5% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 9,300 shares of the Wireless communications provider’s stock worth $347,000 after buying an additional 400 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of United States Cellular Corporation by 2.8% in the first quarter. Nationwide Fund Advisors now owns 14,971 shares of the Wireless communications provider’s stock worth $559,000 after buying an additional 414 shares during the last quarter. Sei Investments Co. boosted its stake in shares of United States Cellular Corporation by 19.7% in the first quarter. Sei Investments Co. now owns 2,897 shares of the Wireless communications provider’s stock worth $108,000 after buying an additional 476 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of United States Cellular Corporation by 0.6% in the second quarter. Northern Trust Corp now owns 97,485 shares of the Wireless communications provider’s stock worth $3,734,000 after buying an additional 564 shares during the last quarter. 14.76% of the stock is owned by institutional investors.

United States Cellular Corporation 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.

Get a free copy of the Zacks research report on United States Cellular Corporation (USM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for United States Cellular Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Cellular Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.