T-Mobile US (NASDAQ:TMUS) Releases Earnings Results, Beats Expectations By $0.17 EPS

T-Mobile US (NASDAQ:TMUS) issued its earnings results on Thursday. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17, Briefing.com reports. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The firm had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same quarter last year, the business posted $1.58 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis.

T-Mobile US Trading Down 0.1 %

TMUS stock traded down $0.09 during trading on Friday, reaching $163.96. 7,968,973 shares of the stock were exchanged, compared to its average volume of 4,564,574. T-Mobile US has a 1 year low of $124.92 and a 1 year high of $168.64. The firm has a market capitalization of $194.60 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 0.68 and a beta of 0.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18. The business has a 50 day moving average price of $162.44 and a 200-day moving average price of $156.81.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be issued a $0.65 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.59%. T-Mobile US’s payout ratio is 37.52%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 194,910 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $161.85, for a total value of $31,546,183.50. Following the completion of the sale, the director now owns 689,930,831 shares in the company, valued at $111,665,304,997.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Telekom Ag Deutsche sold 194,910 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $161.85, for a total value of $31,546,183.50. Following the transaction, the director now owns 689,930,831 shares in the company, valued at $111,665,304,997.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO G Michael Sievert sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $161.05, for a total value of $6,442,000.00. Following the completion of the transaction, the chief executive officer now directly owns 496,036 shares of the company’s stock, valued at approximately $79,886,597.80. The disclosure for this sale can be found here. Insiders sold a total of 5,800,979 shares of company stock worth $940,632,554 over the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company increased their target price on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Citigroup lifted their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a report on Monday, March 25th. KeyCorp boosted their price objective on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday. Morgan Stanley lifted their price target on T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Finally, Benchmark restated a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a research note on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $186.33.

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