T-Mobile US (NASDAQ:TMUS) Issues Quarterly Earnings Results

T-Mobile US (NASDAQ:TMUS) announced its quarterly earnings results on Wednesday. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29, Briefing.com reports. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.82 earnings per share.

T-Mobile US Price Performance

T-Mobile US stock traded up $12.61 during midday trading on Thursday, reaching $233.56. The company’s stock had a trading volume of 6,919,215 shares, compared to its average volume of 4,502,233. T-Mobile US has a fifty-two week low of $137.69 and a fifty-two week high of $234.40. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The stock’s 50 day simple moving average is $204.75 and its 200 day simple moving average is $184.44. The firm has a market capitalization of $273.70 billion, a PE ratio of 31.78, a P/E/G ratio of 1.12 and a beta of 0.51.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.51%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is 47.89%.

Analysts Set New Price Targets

TMUS has been the topic of several recent analyst reports. UBS Group increased their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday. Bank of America increased their price objective on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a report on Thursday. KeyCorp increased their price objective on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a report on Thursday. The Goldman Sachs Group increased their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday. Finally, StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Buy” and an average price target of $238.89.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the transaction, the insider now owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 349,261 shares of company stock valued at $69,411,130. 0.67% of the stock is owned by company 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.