United States Cellular (NYSE:USM) Issues Earnings Results, Misses Expectations By $0.06 EPS

United States Cellular (NYSE:USM) posted its quarterly earnings data on Friday. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06), Briefing.com reports. United States Cellular had a return on equity of 1.19% and a net margin of 1.41%. The company had revenue of $950.00 million for the quarter, compared to analysts’ expectations of $957.75 million. During the same quarter last year, the business posted $0.15 EPS. The business’s quarterly revenue was down 3.7% on a year-over-year basis.

United States Cellular Stock Performance

NYSE USM traded down $3.16 on Friday, hitting $34.10. 760,769 shares of the stock traded hands, compared to its average volume of 187,181. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 55.00 and a beta of 0.45. The business’s fifty day moving average is $35.51 and its two-hundred day moving average is $39.79. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 1.55. United States Cellular has a 12 month low of $13.79 and a 12 month high of $48.47.

About United States Cellular

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.