T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) – Zacks Research increased their FY2023 earnings per share estimates for T-Mobile US in a research report issued on Monday, September 4th. Zacks Research analyst A. Chatterjee now expects that the Wireless communications provider will post earnings per share of $6.97 for the year, up from their prior estimate of $6.96. The consensus estimate for T-Mobile US’s current full-year earnings is $7.31 per share. Zacks Research also issued estimates for T-Mobile US’s Q1 2024 earnings at $2.21 EPS, Q2 2024 earnings at $2.17 EPS, Q3 2024 earnings at $2.25 EPS, Q4 2024 earnings at $2.49 EPS, FY2024 earnings at $9.12 EPS, Q1 2025 earnings at $2.62 EPS and FY2025 earnings at $10.89 EPS.
A number of other brokerages have also recently weighed in on TMUS. Wolfe Research upgraded shares of T-Mobile US from a “peer perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research note on Thursday, June 8th. HSBC cut their price objective on shares of T-Mobile US from $185.00 to $165.00 in a research note on Monday, June 5th. Morgan Stanley lifted their price objective on shares of T-Mobile US from $178.00 to $179.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. StockNews.com initiated coverage on shares of T-Mobile US in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Royal Bank of Canada cut their price objective on shares of T-Mobile US from $172.00 to $163.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.55.
T-Mobile US Stock Performance
TMUS stock opened at $134.13 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a market capitalization of $157.80 billion, a price-to-earnings ratio of 26.72 and a beta of 0.55. T-Mobile US has a 1 year low of $124.92 and a 1 year high of $154.38. The stock’s fifty day moving average is $137.87 and its two-hundred day moving average is $140.13.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last posted its earnings results on Thursday, July 27th. The Wireless communications provider reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.15. The company had revenue of $19.20 billion for the quarter, compared to analysts’ expectations of $19.36 billion. T-Mobile US had a return on equity of 9.02% and a net margin of 7.82%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share.
Institutional Investors Weigh In On T-Mobile US
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ronald Blue Trust Inc. lifted its holdings in T-Mobile US by 2.6% in the 1st quarter. Ronald Blue Trust Inc. now owns 11,196 shares of the Wireless communications provider’s stock worth $1,567,000 after purchasing an additional 279 shares during the last quarter. Perpetual Ltd acquired a new position in T-Mobile US in the first quarter worth $260,000. Vontobel Holding Ltd. boosted its stake in T-Mobile US by 84.5% in the first quarter. Vontobel Holding Ltd. now owns 110,931 shares of the Wireless communications provider’s stock worth $16,067,000 after purchasing an additional 50,797 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in T-Mobile US by 7.6% in the first quarter. Oppenheimer & Co. Inc. now owns 43,857 shares of the Wireless communications provider’s stock worth $6,352,000 after purchasing an additional 3,116 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in T-Mobile US by 4.9% in the first quarter. Toth Financial Advisory Corp now owns 7,941 shares of the Wireless communications provider’s stock worth $1,150,000 after purchasing an additional 370 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other T-Mobile US news, Director Raul Marcelo Claure sold 192,600 shares of T-Mobile US stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $130.01, for a total transaction of $25,039,926.00. Following the transaction, the director now owns 1,844,088 shares of the company’s stock, valued at approximately $239,749,880.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Jon Freier sold 15,000 shares of T-Mobile US stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the insider now directly owns 190,901 shares in the company, valued at approximately $26,726,140. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 192,600 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $130.01, for a total value of $25,039,926.00. Following the completion of the sale, the director now owns 1,844,088 shares of the company’s stock, valued at $239,749,880.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 227,600 shares of company stock valued at $29,906,726. 0.70% of the stock is owned by corporate insiders.
T-Mobile US Company Profile
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; leasing through JUMP! On Demand; and High Speed Internet services.
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