United States Cellular Corp (USM) Expected to Announce Earnings of $0.24 Per Share

Analysts expect that United States Cellular Corp (NYSE:USM) will post $0.24 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have provided estimates for United States Cellular’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.37. United States Cellular posted earnings of $0.11 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 118.2%. The business is expected to report its next earnings report on Wednesday, November 14th.

On average, analysts expect that United States Cellular will report full-year earnings of $1.11 per share for the current financial year, with EPS estimates ranging from $1.09 to $1.13. For the next financial year, analysts forecast that the business will post earnings of $1.05 per share, with EPS estimates ranging from $0.59 to $1.61. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover United States Cellular.

United States Cellular (NYSE:USM) last released its quarterly earnings data on Friday, August 3rd. The Wireless communications provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.37. United States Cellular had a net margin of 1.74% and a return on equity of 2.78%. The company had revenue of $974.00 million during the quarter, compared to analyst estimates of $960.58 million. During the same period last year, the business earned $0.14 earnings per share. United States Cellular’s revenue was up 1.1% compared to the same quarter last year.

A number of research firms have recently commented on USM. ValuEngine upgraded shares of United States Cellular from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Zacks Investment Research upgraded shares of United States Cellular from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research report on Friday. JPMorgan Chase & Co. lowered shares of United States Cellular from a “neutral” rating to an “underweight” rating and set a $43.00 price objective for the company. in a research report on Wednesday, July 11th. Finally, Citigroup raised their price objective on shares of United States Cellular from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $48.67.

Shares of USM stock traded up $2.00 during trading hours on Monday, reaching $47.71. The stock had a trading volume of 223,250 shares, compared to its average volume of 134,705. The company has a current ratio of 2.90, a quick ratio of 2.66 and a debt-to-equity ratio of 0.41. United States Cellular has a 12 month low of $32.06 and a 12 month high of $48.32. The firm has a market capitalization of $3.83 billion, a P/E ratio of 82.26, a price-to-earnings-growth ratio of 40.34 and a beta of 0.54.

In other United States Cellular news, EVP Steven T. Campbell sold 2,362 shares of United States Cellular stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $42.12, for a total transaction of $99,487.44. Following the completion of the sale, the executive vice president now directly owns 36,372 shares in the company, valued at $1,531,988.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jay Ellison sold 11,931 shares of United States Cellular stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $40.11, for a total transaction of $478,552.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,769 shares of company stock valued at $997,088. 1.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Northern Trust Corp lifted its position in United States Cellular by 44.3% during the second quarter. Northern Trust Corp now owns 139,027 shares of the Wireless communications provider’s stock valued at $5,150,000 after purchasing an additional 42,682 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in shares of United States Cellular by 293.2% in the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 34,600 shares of the Wireless communications provider’s stock worth $1,282,000 after acquiring an additional 25,800 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of United States Cellular in the 2nd quarter worth approximately $377,000. Macquarie Group Ltd. lifted its holdings in shares of United States Cellular by 152.5% in the 2nd quarter. Macquarie Group Ltd. now owns 22,354 shares of the Wireless communications provider’s stock worth $828,000 after acquiring an additional 13,500 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of United States Cellular by 36.5% in the 2nd quarter. Bank of America Corp DE now owns 38,414 shares of the Wireless communications provider’s stock worth $1,423,000 after acquiring an additional 10,279 shares during the last quarter. Institutional investors and hedge funds own 15.53% of the company’s stock.

About United States Cellular

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.

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