United States Cellular Corporation (NYSE:USM) announced its quarterly earnings data on Friday. The Wireless communications provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.03, MarketWatch Earnings reports. United States Cellular Corporation had a net margin of 1.63% and a return on equity of 1.45%. The firm had revenue of $963 million during the quarter, compared to the consensus estimate of $949.43 million. During the same period last year, the business earned $0.32 EPS. The business’s revenue was down 2.9% on a year-over-year basis.
United States Cellular Corporation (NYSE USM) traded up 2.87% during mid-day trading on Friday, hitting $39.78. 169,542 shares of the stock were exchanged. The stock’s 50-day moving average is $38.18 and its 200 day moving average is $39.29. The company has a market capitalization of $3.38 billion, a PE ratio of 52.20 and a beta of 0.82. United States Cellular Corporation has a 52 week low of $33.30 and a 52 week high of $46.01.
In related news, SVP Deirdre Drake sold 6,755 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jay Ellison sold 8,447 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $38.85, for a total transaction of $328,165.95. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
A number of research analysts have recently commented on USM shares. Zacks Investment Research raised shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday. BidaskClub cut shares of United States Cellular Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Finally, ValuEngine upgraded shares of United States Cellular Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.00.
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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