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

T-Mobile US (NASDAQ:TMUS) posted its quarterly earnings results on Wednesday. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22, Briefing.com reports. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same period in the prior year, the business posted $1.86 earnings per share. T-Mobile US’s revenue for the quarter was up 3.0% compared to the same quarter last year.

T-Mobile US Stock Up 1.9 %

Shares of T-Mobile US stock traded up $3.45 during trading on Thursday, hitting $185.73. The company’s stock had a trading volume of 2,547,483 shares, compared to its average volume of 4,733,362. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The company has a fifty day simple moving average of $176.92 and a two-hundred day simple moving average of $167.69. The company has a market capitalization of $217.65 billion, a PE ratio of 25.25, a P/E/G ratio of 0.72 and a beta of 0.51. T-Mobile US has a 52 week low of $131.47 and a 52 week high of $185.83.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.40%. T-Mobile US’s payout ratio is 35.37%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TMUS. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a research report on Wednesday, April 3rd. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday. Bank of America lifted their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Royal Bank of Canada lifted their target price on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Barclays boosted their price target on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday. Sixteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $196.75.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $164.63, for a total transaction of $31,225,372.10. Following the sale, the director now directly owns 677,158,691 shares of the company’s stock, valued at approximately $111,480,635,299.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Dara Bazzano sold 4,300 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the sale, the chief accounting officer now owns 6,202 shares of the company’s stock, valued at approximately $1,114,995.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $164.63, for a total transaction of $31,225,372.10. Following the completion of the transaction, the director now owns 677,158,691 shares in the company, valued at approximately $111,480,635,299.33. The disclosure for this sale can be found here. Insiders sold a total of 4,199,458 shares of company stock worth $715,113,398 in the last three months. 0.67% of the stock is owned by corporate insiders.

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.