Equities research analysts expect that United States Cellular Corporation (NYSE:USM) will post earnings per share of $0.16 for the current quarter, Zacks reports. Two analysts have issued estimates for United States Cellular Corporation’s earnings. The highest EPS estimate is $0.47 and the lowest is ($0.03). United States Cellular Corporation posted earnings of $0.20 per share in the same quarter last year, which suggests a negative year over year growth rate of 20%. The firm is expected to announce its next quarterly earnings results on Friday, November 3rd.

According to Zacks, analysts expect that United States Cellular Corporation will report full year earnings of $0.34 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.80. For the next financial year, analysts forecast that the firm will post earnings of $0.14 per share, with EPS estimates ranging from ($0.14) to $0.33. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for United States Cellular Corporation.

United States Cellular Corporation (NYSE:USM) last released its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.03. The company had revenue of $963 million during the quarter, compared to analysts’ expectations of $949.43 million. United States Cellular Corporation had a return on equity of 1.12% and a net margin of 1.26%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 EPS.

USM has been the topic of several research analyst reports. BidaskClub upgraded United States Cellular Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. ValuEngine upgraded United States Cellular Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. Finally, Zacks Investment Research lowered United States Cellular Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $38.00.

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In other news, EVP Steven T. Campbell sold 18,292 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $39.95, for a total transaction of $730,765.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of United States Cellular Corporation during the fourth quarter worth $1,340,000. Teachers Advisors LLC raised its position in shares of United States Cellular Corporation by 5.7% in the fourth quarter. Teachers Advisors LLC now owns 12,788 shares of the Wireless communications provider’s stock worth $559,000 after buying an additional 691 shares during the period. Bank of Montreal Can raised its position in shares of United States Cellular Corporation by 98.5% in the first quarter. Bank of Montreal Can now owns 3,710 shares of the Wireless communications provider’s stock worth $138,000 after buying an additional 1,841 shares during the period. Nationwide Fund Advisors raised its position 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 period. Finally, First Manhattan Co. raised its position in shares of United States Cellular Corporation by 210.6% in the first quarter. First Manhattan Co. now owns 8,324 shares of the Wireless communications provider’s stock worth $302,000 after buying an additional 5,644 shares during the period. Institutional investors own 14.83% of the company’s stock.

United States Cellular Corporation (USM) traded up 0.21% during trading on Wednesday, reaching $38.63. The company’s stock had a trading volume of 5,073 shares. United States Cellular Corporation has a 52-week low of $33.30 and a 52-week high of $46.01. The stock’s 50-day moving average is $38.49 and its 200 day moving average is $38.74. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 67.53 and a beta of 0.82.

About United States Cellular Corporation

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

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