United States Cellular (NYSE:USM) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

United States Cellular (NYSE:USM) issued its quarterly earnings results on Friday. The Wireless communications provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09, Briefing.com reports. The business had revenue of $922.00 million during the quarter, compared to analyst estimates of $940.40 million. United States Cellular had a net margin of 1.88% and a return on equity of 1.55%. United States Cellular’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 earnings per share.

United States Cellular Trading Down 6.8 %

USM stock traded down $4.21 during midday trading on Friday, reaching $57.49. The stock had a trading volume of 397,807 shares, compared to its average volume of 142,034. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 70.11 and a beta of 0.47. United States Cellular has a twelve month low of $32.01 and a twelve month high of $67.84. The company has a quick ratio of 1.39, a current ratio of 1.55 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $57.11 and a two-hundred day simple moving average of $52.06.

Insider Activity

In other United States Cellular news, EVP Kevin R. Lowell sold 37,597 shares of United States Cellular stock in a transaction on Monday, August 5th. The shares were sold at an average price of $49.34, for a total transaction of $1,855,035.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

About United States Cellular

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.