Q3 2017 Earnings Forecast for T-Mobile US, Inc. (NASDAQ:TMUS) Issued By SunTrust Banks
T-Mobile US, Inc. (NASDAQ:TMUS) – SunTrust Banks increased their Q3 2017 earnings per share estimates for T-Mobile US in a research note issued on Thursday. SunTrust Banks analyst G. Miller now expects that the Wireless communications provider will post earnings per share of $0.45 for the quarter, up from their prior forecast of $0.41. SunTrust Banks has a “Buy” rating and a $76.00 price target on the stock. SunTrust Banks also issued estimates for T-Mobile US’s Q4 2017 earnings at $0.56 EPS, FY2017 earnings at $2.45 EPS, Q2 2018 earnings at $0.97 EPS, Q3 2018 earnings at $0.88 EPS, Q4 2018 earnings at $0.97 EPS and FY2018 earnings at $3.46 EPS.
TMUS has been the topic of a number of other research reports. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $71.00 target price on shares of T-Mobile US in a research note on Wednesday, April 26th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $75.00 target price (up previously from $70.00) on shares of T-Mobile US in a research note on Wednesday, April 26th. Pacific Crest upped their target price on T-Mobile US from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Zacks Investment Research lowered T-Mobile US from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $76.00 target price on shares of T-Mobile US in a research note on Friday, June 2nd. Twelve equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. T-Mobile US has an average rating of “Buy” and a consensus price target of $68.29.
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Shares of T-Mobile US (NASDAQ:TMUS) opened at 62.53 on Monday. The company has a 50 day moving average price of $62.54 and a 200 day moving average price of $63.19. T-Mobile US has a 12-month low of $44.29 and a 12-month high of $68.88. The firm has a market cap of $51.97 billion, a PE ratio of 26.50 and a beta of 0.52.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.38 by $0.29. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.82 billion. During the same quarter last year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in T-Mobile US by 3,998.0% in the first quarter. BlackRock Inc. now owns 13,832,340 shares of the Wireless communications provider’s stock worth $893,431,000 after buying an additional 13,494,802 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of T-Mobile US during the first quarter valued at about $298,008,000. Paulson & CO. Inc. bought a new stake in shares of T-Mobile US during the first quarter valued at about $267,409,000. OZ Management LP bought a new stake in shares of T-Mobile US during the first quarter valued at about $82,521,000. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of T-Mobile US during the first quarter valued at about $75,118,000. Institutional investors and hedge funds own 36.74% of the company’s stock.
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