$1.05 Billion in Sales Expected for United States Cellular Co. (NYSE:USM) This Quarter

Wall Street brokerages predict that United States Cellular Co. (NYSE:USM) will report sales of $1.05 billion for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for United States Cellular’s earnings. The highest sales estimate is $1.05 billion and the lowest is $1.04 billion. United States Cellular posted sales of $1.03 billion during the same quarter last year, which would indicate a positive year over year growth rate of 1.9%. The company is scheduled to report its next earnings results on Thursday, November 4th.

According to Zacks, analysts expect that United States Cellular will report full-year sales of $4.16 billion for the current fiscal year, with estimates ranging from $4.16 billion to $4.17 billion. For the next financial year, analysts anticipate that the firm will post sales of $4.23 billion, with estimates ranging from $4.19 billion to $4.27 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for United States Cellular.

United States Cellular (NYSE:USM) last issued its quarterly earnings data on Thursday, August 5th. The Wireless communications provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. United States Cellular had a net margin of 4.47% and a return on equity of 4.14%.

USM has been the subject of several recent analyst reports. Zacks Investment Research raised shares of United States Cellular from a “strong sell” rating to a “hold” rating and set a $33.00 target price for the company in a report on Monday. Morgan Stanley dropped their target price on shares of United States Cellular from $50.50 to $50.00 and set an “overweight” rating for the company in a report on Thursday, July 22nd. Finally, JPMorgan Chase & Co. downgraded shares of United States Cellular from a “neutral” rating to an “underweight” rating and upped their target price for the stock from $35.00 to $36.00 in a report on Monday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, United States Cellular has an average rating of “Buy” and a consensus target price of $40.00.

In other United States Cellular news, Director Gregory P. Josefowicz sold 4,049 shares of the stock in a transaction dated Tuesday, September 14th. The shares were sold at an average price of $31.11, for a total transaction of $125,964.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Liberty Wealth Management LLC raised its position in shares of United States Cellular by 3,529.6% during the 2nd quarter. Liberty Wealth Management LLC now owns 980 shares of the Wireless communications provider’s stock valued at $27,000 after buying an additional 953 shares in the last quarter. Captrust Financial Advisors purchased a new stake in United States Cellular in the 1st quarter worth about $38,000. Ameritas Investment Partners Inc. purchased a new stake in United States Cellular in the 2nd quarter worth about $44,000. Royal Bank of Canada raised its position in United States Cellular by 163.1% in the 2nd quarter. Royal Bank of Canada now owns 1,913 shares of the Wireless communications provider’s stock worth $69,000 after purchasing an additional 1,186 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in United States Cellular by 53.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,429 shares of the Wireless communications provider’s stock worth $125,000 after purchasing an additional 1,194 shares during the period. Hedge funds and other institutional investors own 17.57% of the company’s stock.

United States Cellular stock traded up $0.10 during mid-day trading on Wednesday, hitting $31.27. The stock had a trading volume of 75,328 shares, compared to its average volume of 160,961. The firm has a market capitalization of $2.71 billion, a P/E ratio of 14.82 and a beta of 0.63. The company has a current ratio of 2.19, a quick ratio of 1.95 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $31.54 and its 200 day moving average is $35.00. United States Cellular has a one year low of $28.19 and a one year high of $39.96.

About United States Cellular

United States Cellular Corp. engages in the provision of wireless telecommunication services. Its products include smartphones, tablets, vehicle routers, and accessories. It offers Internet plans, prepaid and postpaid plans, and roaming services. The company was founded by Leroy T. Carlson in 1983 and is headquartered in Chicago, IL.

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