T-Mobile US (NASDAQ:TMUS) Releases Earnings Results, Beats Estimates By $0.15 EPS

T-Mobile US (NASDAQ:TMUS) released its earnings results on Wednesday. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15, Zacks reports. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The company had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the previous year, the company earned $2.49 EPS. T-Mobile US’s revenue for the quarter was up 6.9% on a year-over-year basis.

T-Mobile US Price Performance

Shares of TMUS opened at $233.93 on Thursday. The company has a 50 day moving average price of $235.03 and a 200-day moving average price of $243.99. T-Mobile US has a fifty-two week low of $173.74 and a fifty-two week high of $276.49. The stock has a market capitalization of $265.61 billion, a PE ratio of 22.82, a PEG ratio of 1.30 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.50%. T-Mobile US’s payout ratio is presently 34.34%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TMUS shares. KeyCorp restated an “underweight” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Morgan Stanley lifted their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the company an “overweight” rating in a report on Thursday. Redburn Atlantic upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price target on the stock in a report on Monday, July 7th. Bank of America began coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a “neutral” rating and a $255.00 target price on the stock. Finally, Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $255.36.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $232.58, for a total value of $16,243,387.20. Following the completion of the sale, the director owned 646,962,444 shares of the company’s stock, valued at approximately $150,470,525,225.52. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 1,256,670 shares of company stock valued at $288,999,139. 0.37% of the stock is currently owned by corporate insiders.

About T-Mobile US

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; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.