Wall Street analysts expect that T-Mobile US, Inc. (NASDAQ:TMUS) will report $10.07 billion in sales for the current quarter, Zacks Investment Research reports. Eighteen analysts have provided estimates for T-Mobile US’s earnings, with the lowest sales estimate coming in at $9.70 billion and the highest estimate coming in at $10.37 billion. T-Mobile US reported sales of $9.25 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 8.9%. The business is scheduled to issue its next quarterly earnings report on Monday, October 23rd.
On average, analysts expect that T-Mobile US will report full year sales of $10.07 billion for the current fiscal year, with estimates ranging from $39.76 billion to $41.49 billion. For the next financial year, analysts forecast that the company will post sales of $43.03 billion per share, with estimates ranging from $41.42 billion to $44.70 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for T-Mobile US.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.29. The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $9.82 billion. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS.
TMUS has been the subject of a number of recent analyst reports. Nomura reaffirmed a “hold” rating and issued a $65.00 price objective on shares of T-Mobile US in a research report on Tuesday, April 25th. Macquarie increased their target price on shares of T-Mobile US from $65.00 to $67.00 and gave the company a “hold” rating in a research report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of T-Mobile US in a research report on Monday, May 22nd. They set a “buy” rating for the company. William Blair reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday, April 25th. Finally, Cowen and Company increased their target price on shares of T-Mobile US from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday, April 25th. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $68.82.
Several hedge funds have recently bought and sold shares of the stock. Proficio Capital Partners LLC boosted its stake in T-Mobile US by 23.8% in the first quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock valued at $108,000 after buying an additional 306 shares during the period. Barrett Asset Management LLC acquired a new position in T-Mobile US during the second quarter valued at approximately $110,000. Fifth Third Bancorp raised its position in T-Mobile US by 64.8% in the first quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock valued at $112,000 after buying an additional 680 shares in the last quarter. Smithfield Trust Co. raised its position in T-Mobile US by 1,513.6% in the second 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. Finally, D. Scott Neal Inc. acquired a new position in T-Mobile US during the second quarter valued at approximately $116,000. Hedge funds and other institutional investors own 36.75% of the company’s stock.
T-Mobile US (TMUS) opened at 63.90 on Wednesday. The company has a market cap of $53.10 billion, a PE ratio of 27.08 and a beta of 0.49. The firm’s 50-day moving average price is $61.97 and its 200-day moving average price is $63.41. T-Mobile US has a 12-month low of $44.35 and a 12-month high of $68.88.
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