T-Mobile US’s (TMUS) Outperform Rating Reaffirmed at Oppenheimer

Posted by Defense World Staff on Apr 8th, 2023

T-Mobile US (NASDAQ:TMUS – Get Rating)‘s stock had its “outperform” rating reaffirmed by investment analysts at Oppenheimer in a research note issued on Thursday, Benzinga reports. They currently have a $190.00 price target on the Wireless communications provider’s stock. Oppenheimer’s target price indicates a potential upside of 27.00% from the stock’s current price. Oppenheimer also issued estimates for T-Mobile US’s Q3 2023 earnings at $1.55 EPS, Q4 2023 earnings at $1.45 EPS, FY2023 earnings at $5.95 EPS, FY2024 earnings at $8.09 EPS and FY2025 earnings at $10.23 EPS.

TMUS has been the subject of a number of other research reports. Citigroup increased their price objective on shares of T-Mobile US from $174.00 to $176.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Cowen cut their price target on shares of T-Mobile US from $201.00 to $199.00 and set an “outperform” rating for the company in a report on Thursday, February 2nd. Morgan Stanley cut their price target on shares of T-Mobile US from $180.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, December 15th. The Goldman Sachs Group set a $180.00 price target on shares of T-Mobile US in a report on Tuesday, January 10th. Finally, Royal Bank of Canada set a $172.00 price target on shares of T-Mobile US in a report on Wednesday, March 15th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.68.

T-Mobile US Stock Up 0.3 %

TMUS opened at $149.61 on Thursday. T-Mobile US has a twelve month low of $120.90 and a twelve month high of $154.38. The company has a quick ratio of 0.69, a current ratio of 0.77 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average price of $144.75 and a 200 day moving average price of $143.87. The company has a market cap of $182.43 billion, a PE ratio of 72.63, a price-to-earnings-growth ratio of 0.70 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS – Get Rating) last released its quarterly earnings results on Wednesday, February 1st. The Wireless communications provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.08. The firm had revenue of $20.27 billion during the quarter, compared to the consensus estimate of $20.66 billion. T-Mobile US had a net margin of 3.26% and a return on equity of 6.43%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS. Sell-side analysts expect that T-Mobile US will post 6.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other T-Mobile US news, insider Neville R. Ray sold 3,098 shares of the company’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $150.00, for a total transaction of $464,700.00. Following the transaction, the insider now directly owns 297,544 shares in the company, valued at $44,631,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Teresa Taylor sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $147.63, for a total transaction of $1,623,930.00. Following the transaction, the director now owns 23,202 shares of the company’s stock, valued at $3,425,311.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Neville R. Ray sold 3,098 shares of the company’s stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $150.00, for a total transaction of $464,700.00. Following the transaction, the insider now directly owns 297,544 shares in the company, valued at approximately $44,631,600. The disclosure for this sale can be found here. Insiders sold 117,478 shares of company stock valued at $16,940,140 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On T-Mobile US

Several institutional investors and hedge funds have recently modified their holdings of the company. Meiji Yasuda Life Insurance Co raised its stake in shares of T-Mobile US by 299.1% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 7,259 shares of the Wireless communications provider’s stock valued at $977,000 after acquiring an additional 5,440 shares during the period. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of T-Mobile US during the 3rd quarter worth about $27,000. NWI Management LP grew its stake in shares of T-Mobile US by 26.7% in the 2nd quarter. NWI Management LP now owns 142,250 shares of the Wireless communications provider’s stock worth $19,138,000 after purchasing an additional 30,000 shares during the last quarter. Xponance Inc. grew its stake in shares of T-Mobile US by 22.2% in the 3rd quarter. Xponance Inc. now owns 57,227 shares of the Wireless communications provider’s stock worth $7,678,000 after purchasing an additional 10,406 shares during the last quarter. Finally, TCI Wealth Advisors Inc. grew its stake in shares of T-Mobile US by 20.7% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 501 shares of the Wireless communications provider’s stock worth $67,000 after purchasing an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 42.86% of the company’s stock.

About T-Mobile US

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T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.