T-Mobile US (TMUS) Shares Gap Up Following Strong Earnings
T-Mobile US Inc (NASDAQ:TMUS) gapped up before the market opened on Friday following a stronger than expected earnings report. The stock had previously closed at $57.66, but opened at $58.88. T-Mobile US shares last traded at $59.20, with a volume of 5145703 shares.
The Wireless communications provider reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.11. The business had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.84 billion. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 EPS.
T-Mobile US announced that its board has initiated a share buyback plan on Wednesday, December 6th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
In related news, EVP Elizabeth A. Mcauliffe sold 4,310 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $64.10, for a total transaction of $276,271.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter A. Ewens sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $62.95, for a total value of $629,500.00. Following the transaction, the executive vice president now owns 166,434 shares of the company’s stock, valued at approximately $10,477,020.30. The disclosure for this sale can be found here. Insiders have sold a total of 73,620 shares of company stock worth $4,708,192 in the last three months. 0.29% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the stock. ARP Americas LP lifted its position in shares of T-Mobile US by 308.9% during the 4th quarter. ARP Americas LP now owns 18,070 shares of the Wireless communications provider’s stock worth $1,148,000 after buying an additional 13,651 shares during the period. Ferris Capital LLC bought a new position in shares of T-Mobile US during the 4th quarter worth approximately $606,000. Tower Research Capital LLC TRC lifted its position in shares of T-Mobile US by 46.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 23,664 shares of the Wireless communications provider’s stock worth $1,503,000 after buying an additional 7,558 shares during the period. Schroder Investment Management Group lifted its position in shares of T-Mobile US by 59.1% during the 4th quarter. Schroder Investment Management Group now owns 1,836,926 shares of the Wireless communications provider’s stock worth $116,664,000 after buying an additional 682,327 shares during the period. Finally, Advanced Asset Management Advisors Inc bought a new position in shares of T-Mobile US during the 4th quarter worth approximately $464,000. Institutional investors and hedge funds own 35.05% of the company’s stock.
The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. The company has a market cap of $50,310.00, a PE ratio of 11.38, a P/E/G ratio of 0.83 and a beta of 0.30.
About T-Mobile US
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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