FY2018 Earnings Forecast for United States Cellular Corporation (USM) Issued By Gabelli

United States Cellular Corporation (NYSE:USM) – Research analysts at Gabelli boosted their FY2018 earnings estimates for United States Cellular Corporation in a research note issued to investors on Monday. Gabelli analyst S. Dluzhevskiy now forecasts that the Wireless communications provider will earn $0.35 per share for the year, up from their previous forecast of $0.25. Gabelli also issued estimates for United States Cellular Corporation’s FY2019 earnings at $0.45 EPS.

United States Cellular Corporation (NYSE:USM) last issued its earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.10. United States Cellular Corporation had a negative net margin of 6.93% and a positive return on equity of 0.94%. The business had revenue of $963.00 million for the quarter, compared to analyst estimates of $968.80 million. During the same period in the previous year, the business earned $0.20 EPS. The firm’s revenue was down 5.9% on a year-over-year basis.

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A number of other equities analysts have also commented on the stock. Zacks Investment Research upgraded shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Thursday, October 5th. BidaskClub upgraded shares of United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $36.67.

United States Cellular Corporation (NYSE:USM) traded down $1.04 during trading hours on Tuesday, reaching $32.95. 69,000 shares of the company’s stock were exchanged, compared to its average volume of 101,526. The firm has a market capitalization of $2,800.00, a price-to-earnings ratio of 87.15, a PEG ratio of 165.80 and a beta of 0.71. United States Cellular Corporation has a 52-week low of $32.29 and a 52-week high of $46.01. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.08 and a current ratio of 2.23.

A number of large investors have recently added to or reduced their stakes in USM. Dimensional Fund Advisors LP boosted its position in United States Cellular Corporation by 15.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,073,994 shares of the Wireless communications provider’s stock valued at $41,156,000 after buying an additional 140,120 shares in the last quarter. Vanguard Group Inc. boosted its position in United States Cellular Corporation by 6.4% in the first quarter. Vanguard Group Inc. now owns 1,746,129 shares of the Wireless communications provider’s stock valued at $65,183,000 after buying an additional 104,640 shares in the last quarter. Morgan Stanley boosted its position in United States Cellular Corporation by 377.6% in the first quarter. Morgan Stanley now owns 128,172 shares of the Wireless communications provider’s stock valued at $4,784,000 after buying an additional 101,337 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in United States Cellular Corporation by 3.2% in the second quarter. Gamco Investors INC. ET AL now owns 3,018,657 shares of the Wireless communications provider’s stock valued at $115,675,000 after buying an additional 93,187 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in shares of United States Cellular Corporation by 6.4% in the second quarter. Gabelli Funds LLC now owns 1,304,946 shares of the Wireless communications provider’s stock worth $50,006,000 after acquiring an additional 78,846 shares during the last quarter. Hedge funds and other institutional investors own 14.54% of the company’s stock.

About United States Cellular Corporation

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.

Earnings History and Estimates for United States Cellular Corporation (NYSE:USM)

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