T-Mobile US (NASDAQ:TMUS) Releases Quarterly Earnings Results

T-Mobile US (NASDAQ:TMUSGet Free Report) posted its quarterly earnings results on Thursday. The Wireless communications provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.23), Briefing.com reports. The business had revenue of $20.48 billion during the quarter, compared to analyst estimates of $19.67 billion. T-Mobile US had a return on equity of 11.65% and a net margin of 9.93%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 EPS.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded up $0.68 on Friday, reaching $163.24. The company’s stock had a trading volume of 4,493,256 shares, compared to its average volume of 4,781,836. The stock’s 50-day moving average is $157.45 and its two-hundred day moving average is $146.05. T-Mobile US has a 52-week low of $124.92 and a 52-week high of $165.95. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.86 and a quick ratio of 0.78. The stock has a market capitalization of $188.78 billion, a P/E ratio of 25.31 and a beta of 0.52.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Friday, March 1st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.59%. T-Mobile US’s payout ratio is 40.37%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of analyst reports. KeyCorp lowered their target price on shares of T-Mobile US from $183.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday. Royal Bank of Canada reiterated an “outperform” rating and set a $168.00 target price on shares of T-Mobile US in a research note on Tuesday, January 9th. The Goldman Sachs Group boosted their target price on shares of T-Mobile US from $191.00 to $194.00 in a research note on Monday, October 16th. Raymond James boosted their target price on shares of T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a research note on Friday. Finally, Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Friday. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $183.94.

View Our Latest Report on T-Mobile US

Insider Activity

In other news, insider Ulf Ewaldsson sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $144.02, for a total transaction of $2,880,400.00. Following the transaction, the insider now directly owns 36,727 shares in the company, valued at $5,289,422.54. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other T-Mobile US news, insider Ulf Ewaldsson sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $144.02, for a total transaction of $2,880,400.00. Following the transaction, the insider now directly owns 36,727 shares in the company, valued at $5,289,422.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Telekom Ag Deutsche sold 194,910 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $164.85, for a total transaction of $32,130,913.50. Following the transaction, the director now owns 690,905,381 shares in the company, valued at $113,895,752,057.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,746,952 shares of company stock valued at $282,331,324. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Several institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in T-Mobile US during the fourth quarter worth approximately $2,801,442,000. Morgan Stanley raised its stake in shares of T-Mobile US by 18.8% in the 4th quarter. Morgan Stanley now owns 10,984,556 shares of the Wireless communications provider’s stock valued at $1,537,838,000 after acquiring an additional 1,742,108 shares during the period. Bank of New York Mellon Corp raised its stake in shares of T-Mobile US by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,725,113 shares of the Wireless communications provider’s stock valued at $902,309,000 after acquiring an additional 47,956 shares during the period. Alliancebernstein L.P. raised its stake in shares of T-Mobile US by 6.8% in the 2nd quarter. Alliancebernstein L.P. now owns 3,365,692 shares of the Wireless communications provider’s stock valued at $467,495,000 after acquiring an additional 214,498 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of T-Mobile US by 3.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,036,895 shares of the Wireless communications provider’s stock valued at $389,786,000 after acquiring an additional 91,635 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Company Profile

(Get Free Report)

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; leasing through JUMP! On Demand; and High Speed Internet services.

See Also

Earnings History for T-Mobile US (NASDAQ:TMUS)

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