United States Cellular Corp. (NYSE:USM) – Equities research analysts at Gabelli reduced their FY2018 earnings per share estimates for shares of United States Cellular Corp. in a report issued on Friday. Gabelli analyst S. Dluzhevskiy now expects that the brokerage will post earnings of $1.10 per share for the year, down from their prior estimate of $1.15. Gabelli also issued estimates for United States Cellular Corp.’s FY2019 earnings at $1.35 EPS and FY2020 earnings at $1.70 EPS.

United States Cellular Corp. (NYSE:USM) last posted its quarterly earnings results on Friday, November 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.07. United States Cellular Corp. had a return on equity of 1.42% and a net margin of 1.30%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company posted $0.75 earnings per share. The business’s revenue was down 5.5% compared to the same quarter last year.

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

Separately, Zacks Investment Research lowered shares of United States Cellular Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 25th.

United States Cellular Corp. (NYSE:USM) traded up 0.35% during mid-day trading on Monday, reaching $34.39. 62,715 shares of the company’s stock traded hands. The company has a 50 day moving average price of $35.71 and a 200-day moving average price of $37.88. United States Cellular Corp. has a 12 month low of $32.72 and a 12 month high of $45.87. The stock has a market cap of $2.92 billion, a P/E ratio of 56.94 and a beta of 0.77.

Several hedge funds have recently added to or reduced their stakes in USM. Hsbc Holdings PLC raised its stake in United States Cellular Corp. by 0.5% in the second quarter. Hsbc Holdings PLC now owns 11,737 shares of the company’s stock valued at $461,000 after buying an additional 55 shares in the last quarter. BlackRock Inc. increased its stake in United States Cellular Corp. by 1.8% in the third quarter. BlackRock Inc. now owns 6,150 shares of the company’s stock valued at $223,000 after buying an additional 111 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in United States Cellular Corp. by 5.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 5,700 shares of the company’s stock valued at $260,000 after buying an additional 300 shares during the last quarter. Gabelli Securities Inc. increased its stake in United States Cellular Corp. by 4.7% in the second quarter. Gabelli Securities Inc. now owns 8,900 shares of the company’s stock valued at $350,000 after buying an additional 400 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in United States Cellular Corp. by 1.4% in the third quarter. California State Teachers Retirement System now owns 29,801 shares of the company’s stock valued at $1,083,000 after buying an additional 400 shares during the last quarter. Institutional investors own 14.81% of the company’s stock.

United States Cellular Corp. Company Profile

United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company operates all of its 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 vertical industries, such as construction, retail, professional services and real estate.

5 Day Chart for NYSE:USM

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