T-Mobile US, Inc. (NASDAQ:TMUS) - Stock analysts at KeyCorp lowered their Q3 2017 earnings estimates for T-Mobile US in a research report issued on Wednesday. KeyCorp analyst B. Nispel now forecasts that the Wireless communications provider will post earnings per share of $0.38 for the quarter, down from their previous forecast of $0.43. KeyCorp also issued estimates for T-Mobile US’s Q4 2017 earnings at $0.33 EPS and FY2018 earnings at $2.26 EPS.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.29. The business had revenue of $10.21 billion during the quarter, compared to analyst estimates of $9.82 billion. T-Mobile US had a return on equity of 8.81% and a net margin of 5.19%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS.
TMUS has been the subject of a number of other reports. SunTrust Banks, Inc. began coverage on T-Mobile US in a report on Tuesday, April 18th. They set a “buy” rating and a $76.00 price objective for the company. Deutsche Bank AG downgraded T-Mobile US from a “buy” rating to a “hold” rating and increased their price objective for the stock from $38.31 to $63.50 in a report on Thursday, April 6th. Jefferies Group LLC increased their price objective on T-Mobile US from $71.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Zacks Investment Research downgraded T-Mobile US from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of T-Mobile US in a report on Wednesday, April 26th. Twelve investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. T-Mobile US presently has an average rating of “Buy” and a consensus price target of $67.70.
Shares of T-Mobile US (NASDAQ TMUS) opened at 62.58 on Friday. T-Mobile US has a one year low of $44.29 and a one year high of $68.88. The firm has a market capitalization of $51.99 billion, a price-to-earnings ratio of 32.14 and a beta of 0.51. The stock’s 50 day moving average price is $62.85 and its 200 day moving average price is $63.09.
Several institutional investors have recently modified their holdings of TMUS. Barometer Capital Management Inc. raised its position in shares of T-Mobile US by 61.8% in the first quarter. Barometer Capital Management Inc. now owns 126,725 shares of the Wireless communications provider’s stock valued at $8,185,000 after buying an additional 48,425 shares during the last quarter. DnB Asset Management AS raised its position in shares of T-Mobile US by 14.8% in the first quarter. DnB Asset Management AS now owns 57,315 shares of the Wireless communications provider’s stock valued at $3,702,000 after buying an additional 7,400 shares during the last quarter. Winslow Evans & Crocker Inc. raised its position in shares of T-Mobile US by 145.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 7,678 shares of the Wireless communications provider’s stock valued at $496,000 after buying an additional 4,544 shares during the last quarter. Inverness Counsel LLC NY acquired a new position in shares of T-Mobile US during the first quarter valued at about $8,585,000. Finally, Capstone Asset Management Co. raised its position in shares of T-Mobile US by 16.9% in the first quarter. Capstone Asset Management Co. now owns 7,748 shares of the Wireless communications provider’s stock valued at $500,000 after buying an additional 1,120 shares during the last quarter. Institutional investors own 36.69% of the company’s stock.
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