United States Cellular Corporation (USM) Releases Quarterly Earnings Results
United States Cellular Corporation (NYSE:USM) announced its earnings results on Wednesday. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.10, Bloomberg Earnings reports. United States Cellular Corporation had a positive return on equity of 0.93% and a negative net margin of 6.93%. The business had revenue of $963.00 million during the quarter, compared to analyst estimates of $968.80 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year.
Shares of United States Cellular Corporation (NYSE USM) opened at $33.85 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.21 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $2,805.29, a P/E ratio of 84.51, a P/E/G ratio of 176.57 and a beta of 0.79. United States Cellular Corporation has a twelve month low of $32.29 and a twelve month high of $46.01.
Several brokerages have issued reports on USM. Zacks Investment Research upgraded United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, August 2nd. BidaskClub upgraded United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $37.33.
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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.
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