T-Mobile US, Inc. (NASDAQ:TMUS) - Investment analysts at Jefferies Group raised their Q3 2017 earnings per share estimates for T-Mobile US in a report released on Thursday. Jefferies Group analyst M. Mccormack now expects that the Wireless communications provider will post earnings of $0.59 per share for the quarter, up from their previous forecast of $0.54. Jefferies Group has a “Buy” rating and a $80.00 price target on the stock. Jefferies Group also issued estimates for T-Mobile US’s FY2017 earnings at $2.66 EPS and FY2018 earnings at $2.90 EPS.
Other equities research analysts have also recently issued reports about 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. William Blair reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of T-Mobile US in a research report on Monday, May 22nd. They set a “buy” rating for the company. Royal Bank Of Canada reissued a “buy” rating and set a $76.00 target price on shares of T-Mobile US in a research report on Friday, June 2nd. Finally, Drexel Hamilton assumed coverage on shares of T-Mobile US in a research report on Thursday, June 8th. They set a “buy” rating and a $80.00 target price for the company. Twelve equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $68.29.
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Shares of T-Mobile US (TMUS) opened at 62.53 on Monday. The stock’s 50 day moving average price is $62.54 and its 200-day moving average price is $63.19. T-Mobile US has a 12 month low of $44.29 and a 12 month high of $68.88. The stock has a market capitalization of $51.97 billion, a price-to-earnings ratio of 26.50 and a beta of 0.52.
T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.29. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same period in the previous year, the company earned $0.25 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year.
A number of hedge funds have recently bought and sold shares of TMUS. 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 worth $108,000 after buying an additional 306 shares during the last quarter. Fifth Third Bancorp boosted its stake 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 worth $112,000 after buying an additional 680 shares during the last quarter. D. Scott Neal Inc. acquired a new stake in T-Mobile US during the second quarter worth $116,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in T-Mobile US by 62.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,950 shares of the Wireless communications provider’s stock worth $126,000 after buying an additional 750 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its stake in T-Mobile US by 233.3% in the first quarter. NEXT Financial Group Inc now owns 2,000 shares of the Wireless communications provider’s stock worth $135,000 after buying an additional 1,400 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors and hedge funds.
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