Q4 2018 Earnings Forecast for T-Mobile US Inc (TMUS) Issued By KeyCorp
T-Mobile US Inc (NASDAQ:TMUS) – KeyCorp boosted their Q4 2018 earnings estimates for shares of T-Mobile US in a report released on Thursday. KeyCorp analyst B. Nispel now expects that the Wireless communications provider will earn $0.43 per share for the quarter, up from their prior estimate of $0.40. KeyCorp currently has a “Buy” rating and a $76.00 target price on the stock. KeyCorp also issued estimates for T-Mobile US’s FY2019 earnings at $3.58 EPS.
A number of other equities analysts have also issued reports on TMUS. Zacks Investment Research raised shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Wednesday. UBS Group raised shares of T-Mobile US from an “outperform” rating to a “strong-buy” rating in a research report on Friday, February 9th. Bank of America raised their price target on shares of T-Mobile US from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Friday, February 9th. Raymond James Financial raised shares of T-Mobile US from an “outperform” rating to a “strong-buy” rating in a research report on Friday, February 9th. Finally, BidaskClub raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $69.87.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. T-Mobile US had a net margin of 11.19% and a return on equity of 9.60%. The company had revenue of $10.76 billion during the quarter, compared to analyst estimates of $10.84 billion. During the same period last year, the firm posted $0.45 EPS. T-Mobile US’s revenue for the quarter was up 5.1% compared to the same quarter last year.
T-Mobile US announced that its Board of Directors has initiated a stock repurchase program on Wednesday, December 6th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
In related news, CFO J Braxton Carter II sold 15,000 shares of T-Mobile US stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $65.96, for a total value of $989,400.00. Following the sale, the chief financial officer now owns 199,788 shares of the company’s stock, valued at approximately $13,178,016.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter A. Ewens sold 10,000 shares of T-Mobile US stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $62.95, for a total transaction of $629,500.00. Following the completion of the sale, the executive vice president now directly owns 166,434 shares in the company, valued at approximately $10,477,020.30. The disclosure for this sale can be found here. Insiders sold a total of 73,620 shares of company stock worth $4,708,192 in the last three months. 0.29% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Rational Advisors LLC acquired a new stake in T-Mobile US in the 3rd quarter valued at $105,000. Cerebellum GP LLC acquired a new stake in T-Mobile US during the 4th quarter worth $127,000. Capital Bank & Trust Co boosted its stake in T-Mobile US by 3,128.6% during the 3rd quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock worth $139,000 after purchasing an additional 2,190 shares during the last quarter. Opera Trading Capital acquired a new stake in T-Mobile US during the 3rd quarter worth $154,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in T-Mobile US during the 4th quarter worth $184,000. 35.23% of the stock is currently owned by hedge funds and other institutional investors.
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T-Mobile US Company Profile
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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