$11.30 Billion in Sales Expected for T-Mobile Us Inc (NASDAQ:TMUS) This Quarter
Wall Street analysts predict that T-Mobile Us Inc (NASDAQ:TMUS) will post $11.30 billion in sales for the current fiscal quarter, according to Zacks. Thirteen analysts have made estimates for T-Mobile Us’ earnings. The highest sales estimate is $11.50 billion and the lowest is $11.09 billion. T-Mobile Us posted sales of $10.84 billion in the same quarter last year, which would indicate a positive year over year growth rate of 4.2%. The firm is scheduled to announce its next earnings report on Tuesday, October 29th.
According to Zacks, analysts expect that T-Mobile Us will report full year sales of $45.32 billion for the current year, with estimates ranging from $44.73 billion to $45.81 billion. For the next year, analysts forecast that the company will post sales of $47.43 billion, with estimates ranging from $46.77 billion to $48.18 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for T-Mobile Us.
T-Mobile Us (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 25th. The Wireless communications provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.30. T-Mobile Us had a net margin of 7.40% and a return on equity of 13.89%. The company had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $11.14 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis.
T-Mobile Us stock traded down $0.05 during trading on Monday, reaching $79.69. The stock had a trading volume of 1,758,133 shares, compared to its average volume of 4,004,885. T-Mobile Us has a 52-week low of $59.96 and a 52-week high of $85.22. The business has a 50 day moving average price of $78.49 and a 200 day moving average price of $75.28. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.43. The stock has a market cap of $67.61 billion, a PE ratio of 23.72, a P/E/G ratio of 1.48 and a beta of 0.42.
In other news, COO G Michael Sievert sold 9,324 shares of T-Mobile Us stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $75.50, for a total value of $703,962.00. Following the transaction, the chief operating officer now directly owns 533,965 shares of the company’s stock, valued at approximately $40,314,357.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. AO Asset Management LP raised its position in shares of T-Mobile Us by 5.5% in the 1st quarter. AO Asset Management LP now owns 1,020,400 shares of the Wireless communications provider’s stock worth $70,510,000 after acquiring an additional 53,400 shares in the last quarter. H2O AM LLP boosted its stake in shares of T-Mobile Us by 11.5% in the 2nd quarter. H2O AM LLP now owns 339,617 shares of the Wireless communications provider’s stock worth $25,180,000 after buying an additional 35,122 shares during the last quarter. Tuttle Tactical Management purchased a new position in T-Mobile Us in the first quarter valued at approximately $1,962,000. Stone Ridge Asset Management LLC lifted its stake in T-Mobile Us by 6.5% in the second quarter. Stone Ridge Asset Management LLC now owns 13,199 shares of the Wireless communications provider’s stock valued at $979,000 after purchasing an additional 800 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its holdings in T-Mobile Us by 6.7% during the 1st quarter. OppenheimerFunds Inc. now owns 790,466 shares of the Wireless communications provider’s stock valued at $54,621,000 after acquiring an additional 49,344 shares during the period. 33.14% of the stock is currently owned by institutional investors.
About T-Mobile Us
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 79.7 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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