Q4 2017 EPS Estimates for T-Mobile US, Inc. (TMUS) Cut by SunTrust Banks
T-Mobile US, Inc. (NASDAQ:TMUS) – Equities researchers at SunTrust Banks decreased their Q4 2017 earnings estimates for T-Mobile US in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst G. Miller now forecasts that the Wireless communications provider will post earnings of $0.51 per share for the quarter, down from their prior forecast of $0.53. SunTrust Banks also issued estimates for T-Mobile US’s Q1 2019 earnings at $0.81 EPS.
A number of other analysts have also weighed in on the stock. Jefferies Group lowered their price objective on shares of T-Mobile US from $83.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. BTIG Research increased their price target on shares of T-Mobile US from $74.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Deutsche Bank raised shares of T-Mobile US from a “hold” rating to a “buy” rating and increased their price target for the company from $56.22 to $65.00 in a research report on Thursday, November 9th. BidaskClub lowered shares of T-Mobile US from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Finally, Bank of America increased their price target on shares of T-Mobile US from $34.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. T-Mobile US has an average rating of “Buy” and a consensus target price of $69.34.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The company had revenue of $10.02 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same period in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year.
T-Mobile US declared that its Board of Directors has authorized a share repurchase plan on Wednesday, December 6th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the Wireless communications provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
Hedge funds and other institutional investors have recently modified their holdings of the company. Rational Advisors LLC purchased a new position in shares of T-Mobile US during the 3rd quarter valued at approximately $105,000. Smithfield Trust Co. lifted its position in shares of T-Mobile US by 1,513.6% during the 2nd quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock valued at $115,000 after buying an additional 1,786 shares in the last quarter. Capital Bank & Trust Co lifted its holdings in T-Mobile US by 3,128.6% in the 3rd quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock valued at $139,000 after purchasing an additional 2,190 shares in the last quarter. Opera Trading Capital purchased a new position in T-Mobile US in the 3rd quarter valued at $154,000. Finally, Proficio Capital Partners LLC lifted its holdings in T-Mobile US by 54.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,463 shares of the Wireless communications provider’s stock valued at $157,000 after purchasing an additional 871 shares in the last quarter. 34.96% of the stock is currently owned by institutional investors and hedge funds.
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About T-Mobile US
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
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