Equities analysts predict that United States Cellular Corporation (NYSE:USM) will announce sales of $950.55 million for the current quarter, Zacks reports. Two analysts have provided estimates for United States Cellular Corporation’s earnings, with the highest sales estimate coming in at $952.00 million and the lowest estimate coming in at $949.10 million. United States Cellular Corporation posted sales of $980.00 million in the same quarter last year, which would indicate a negative year over year growth rate of 3%. The firm is scheduled to report its next quarterly earnings report before the market opens on Friday, August 4th.
According to Zacks, analysts expect that United States Cellular Corporation will report full-year sales of $950.55 million for the current year, with estimates ranging from $3.81 billion to $3.85 billion. For the next year, analysts anticipate that the firm will report sales of $3.83 billion per share, with estimates ranging from $3.76 billion to $3.89 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for United States Cellular Corporation.
United States Cellular Corporation (NYSE:USM) last issued its quarterly earnings results on Friday, May 5th. The Wireless communications provider reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.20. United States Cellular Corporation had a return on equity of 1.45% and a net margin of 1.63%. The firm had revenue of $936 million during the quarter, compared to the consensus estimate of $955.13 million. During the same period last year, the business posted $0.10 EPS. The business’s revenue was down 3.4% compared to the same quarter last year.
A number of equities analysts have issued reports on the stock. ValuEngine upgraded shares of United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Zacks Investment Research cut shares of United States Cellular Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Finally, BidaskClub cut shares of United States Cellular Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $38.33.
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In related news, Director J Samuel Crowley sold 2,119 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $38.86, for a total transaction of $82,344.34. Following the transaction, the director now owns 4,041 shares in the company, valued at $157,033.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Deirdre Drake sold 6,755 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $38.72, for a total transaction of $261,553.60. The disclosure for this sale can be found here. Insiders have sold 17,321 shares of company stock worth $672,064 in the last quarter. 1.20% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can boosted its position in shares of United States Cellular Corporation by 98.5% in the first quarter. Bank of Montreal Can now owns 3,710 shares of the Wireless communications provider’s stock valued at $138,000 after buying an additional 1,841 shares in the last quarter. FMR LLC boosted its stake in shares of United States Cellular Corporation by 406.4% in the fourth quarter. FMR LLC now owns 593,496 shares of the Wireless communications provider’s stock worth $25,947,000 after buying an additional 476,300 shares during the period. Quotient Investors LLC acquired a new stake in shares of United States Cellular Corporation during the first quarter worth $329,000. Clinton Group Inc. acquired a new stake in shares of United States Cellular Corporation during the first quarter worth $1,259,000. Finally, State Street Corp boosted its stake in shares of United States Cellular Corporation by 0.6% in the fourth quarter. State Street Corp now owns 204,532 shares of the Wireless communications provider’s stock worth $8,943,000 after buying an additional 1,179 shares during the period. Institutional investors own 14.84% of the company’s stock.
Shares of United States Cellular Corporation (NYSE:USM) traded down 0.94% during mid-day trading on Wednesday, reaching $38.06. The company’s stock had a trading volume of 97,403 shares. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 49.95 and a beta of 0.82. The company’s 50-day moving average is $38.27 and its 200 day moving average is $39.46. United States Cellular Corporation has a 12 month low of $33.30 and a 12 month high of $46.01.
United States Cellular Corporation Company Profile
United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.
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