T-Mobile US, Inc. (NASDAQ:TMUS) posted its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.29, Briefing.com reports. The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $9.82 billion. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS.
Shares of T-Mobile US (NASDAQ TMUS) traded down 0.054% during trading on Monday, reaching $64.485. 867,387 shares of the company’s stock traded hands. The company’s 50-day moving average is $61.94 and its 200 day moving average is $63.40. T-Mobile US has a 52-week low of $44.35 and a 52-week high of $68.88. The company has a market cap of $53.59 billion, a price-to-earnings ratio of 27.324 and a beta of 0.49.
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A number of analysts have issued reports on the stock. SunTrust Banks, Inc. assumed coverage on shares of T-Mobile US in a report on Tuesday, April 18th. They issued a “buy” rating and a $76.00 price objective for the company. Jefferies Group LLC upped their price target on shares of 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 shares of T-Mobile US from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of T-Mobile US in a report on Wednesday, April 26th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $76.00 price target on shares of T-Mobile US in a report on Friday, June 2nd. Eleven 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 stock. T-Mobile US currently has a consensus rating of “Buy” and an average target price of $68.82.
Several large investors have recently made changes to their positions in the company. Proficio Capital Partners LLC raised its stake in shares of 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 worth $108,000 after buying an additional 306 shares during the last quarter. Barrett Asset Management LLC acquired a new stake in shares of T-Mobile US during the second quarter worth $110,000. Fifth Third Bancorp raised its stake in shares of 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 worth $112,000 after buying an additional 680 shares during the last quarter. Smithfield Trust Co. raised its stake in shares of 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 worth $115,000 after buying an additional 1,786 shares during the last quarter. Finally, D. Scott Neal Inc. acquired a new stake in shares of T-Mobile US during the second quarter worth $116,000. Hedge funds and other institutional investors own 36.75% of the company’s stock.
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