Zacks Research Boosts Earnings Estimates for T-Mobile US

T-Mobile US, Inc. (NASDAQ:TMUS) – Equities research analysts at Zacks Research lifted their FY2024 EPS estimates for shares of T-Mobile US in a research report issued to clients and investors on Wednesday, November 13th. Zacks Research analyst A. Chatterjee now forecasts that the Wireless communications provider will post earnings per share of $9.16 for the year, up from their prior estimate of $9.04. The consensus estimate for T-Mobile US’s current full-year earnings is $9.36 per share. Zacks Research also issued estimates for T-Mobile US’s Q4 2024 earnings at $2.06 EPS, Q1 2025 earnings at $2.56 EPS and Q3 2025 earnings at $2.53 EPS.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same period last year, the firm posted $1.82 EPS. T-Mobile US’s revenue for the quarter was up 4.7% compared to the same quarter last year.

A number of other research firms have also issued reports on TMUS. TD Cowen raised their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Citigroup lifted their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. Tigress Financial lifted their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. Morgan Stanley lifted their target price on shares of T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Oppenheimer lifted their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $241.83.

T-Mobile US Stock Performance

TMUS opened at $237.75 on Friday. T-Mobile US has a 12-month low of $145.77 and a 12-month high of $242.43. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $275.91 billion, a PE ratio of 27.11, a P/E/G ratio of 1.23 and a beta of 0.50. The firm has a 50 day moving average of $214.22 and a two-hundred day moving average of $191.62.

Institutional Trading of T-Mobile US

A number of large investors have recently made changes to their positions in TMUS. Vanguard Group Inc. increased its stake in shares of T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after buying an additional 1,667,778 shares during the period. FMR LLC increased its stake in shares of T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after buying an additional 1,522,394 shares during the period. Clearbridge Investments LLC increased its stake in shares of T-Mobile US by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after buying an additional 578,348 shares during the period. Legal & General Group Plc increased its stake in shares of T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after buying an additional 303,582 shares during the period. Finally, Blackstone Inc. purchased a new stake in shares of T-Mobile US during the first quarter worth approximately $48,966,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nestor Cano sold 11,100 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at $1,015,300. This trade represents a 71.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 464,924 shares of company stock worth $97,427,925 over the last three months. Company insiders own 0.67% of the company’s stock.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $0.88 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.48%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is 29.65%.

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.