Jefferies Group Research Analysts Raise Earnings Estimates for T-Mobile US, Inc. (TMUS)
T-Mobile US, Inc. (NASDAQ:TMUS) – Analysts at Jefferies Group lifted their FY2017 earnings per share estimates for T-Mobile US in a research report issued to clients and investors on Friday. Jefferies Group analyst S. Goldman now forecasts that the Wireless communications provider will post earnings of $2.52 per share for the year, up from their prior estimate of $2.51. Jefferies Group currently has a “Top Pick” rating and a $62.78 target price on the stock. Jefferies Group also issued estimates for T-Mobile US’s Q4 2017 earnings at $0.39 EPS and FY2018 earnings at $2.85 EPS.
A number of other equities research analysts have also commented on TMUS. Moffett Nathanson reaffirmed a “neutral” rating on shares of T-Mobile US in a research report on Thursday, October 12th. BidaskClub lowered T-Mobile US from a “hold” rating to a “sell” rating in a research report on Saturday, September 30th. Royal Bank of Canada reaffirmed a “buy” rating and set a $76.00 price target on shares of T-Mobile US in a research report on Tuesday, October 3rd. KeyCorp reaffirmed a “buy” rating and set a $76.00 price target on shares of T-Mobile US in a research report on Tuesday, January 2nd. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $70.00 price target on shares of T-Mobile US in a research report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. T-Mobile US presently has a consensus rating of “Buy” and a consensus price target of $69.86.
Shares of T-Mobile US (NASDAQ:TMUS) opened at $65.10 on Monday. The company has a market capitalization of $53,740.00, a PE ratio of 25.53, a PEG ratio of 1.05 and a beta of 0.29. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. T-Mobile US has a 1 year low of $54.60 and a 1 year high of $68.88.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.17. The company had revenue of $10.02 billion for the quarter, compared to analyst estimates of $10.01 billion. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. T-Mobile US’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share.
Hedge funds have recently bought and sold shares of the business. Rational Advisors LLC bought a new position in T-Mobile US in the third quarter valued at approximately $105,000. Capital Bank & Trust Co grew its stake in T-Mobile US by 3,128.6% in the third quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock valued at $139,000 after purchasing an additional 2,190 shares in the last quarter. Opera Trading Capital bought a new position in T-Mobile US in the third quarter valued at approximately $154,000. Captrust Financial Advisors bought a new position in T-Mobile US in the second quarter valued at approximately $159,000. Finally, Renaissance Group LLC bought a new position in T-Mobile US in the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.
In related news, EVP Peter A. Ewens sold 10,000 shares of the stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $62.95, for a total transaction of $629,500.00. Following the completion of the transaction, the executive vice president now directly owns 166,434 shares in the company, valued at $10,477,020.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David A. Miller sold 15,000 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $62.78, for a total value of $941,700.00. Following the transaction, 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. Over the last quarter, insiders have sold 48,620 shares of company stock valued at $3,068,292. 0.29% of the stock is owned by corporate insiders.
T-Mobile US declared that its board has authorized a share buyback plan on Wednesday, December 6th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the Wireless communications provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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.
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