The T-Mobile US Inc. (TMUS) Forecasted to Post FY2017 Earnings of $1.82 Per Share

The T-Mobile US Inc. (TMUS) Forecasted to Post FY2017 Earnings of $1.82 Per Share

T-Mobile US Inc. (NASDAQ:TMUS) – Equities researchers at Oppenheimer Holdings upped their FY2017 earnings per share estimates for shares of T-Mobile US in a research note issued on Wednesday. Oppenheimer Holdings analyst T. Horan now expects that the brokerage will earn $1.82 per share for the year, up from their prior forecast of $1.78. Oppenheimer Holdings has a “Outperform” rating and a $55.00 price objective on the stock. Oppenheimer Holdings also issued estimates for T-Mobile US’s FY2018 earnings at $2.92 EPS.

TMUS has been the topic of several other reports. FBR & Co boosted their target price on T-Mobile US from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, January 11th. HSBC restated a “hold” rating on shares of T-Mobile US in a research note on Wednesday, September 28th. RBC Capital Markets restated a “buy” rating and issued a $67.00 target price on shares of T-Mobile US in a research note on Thursday, January 12th. Jefferies Group restated a “buy” rating and issued a $55.00 target price on shares of T-Mobile US in a research note on Tuesday, October 4th. Finally, Goldman Sachs Group Inc. lowered T-Mobile US from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, October 25th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. T-Mobile US has a consensus rating of “Buy” and a consensus price target of $52.18.

T-Mobile US (NASDAQ:TMUS) traded up 2.80% during mid-day trading on Thursday, hitting $60.30. The stock had a trading volume of 4,943,833 shares. T-Mobile US has a 52 week low of $33.23 and a 52 week high of $60.64. The stock has a market capitalization of $49.69 billion, a P/E ratio of 38.19 and a beta of 0.68. The company’s 50 day moving average is $57.19 and its 200-day moving average is $49.83.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Monday, October 24th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. The company had revenue of $9.20 million for the quarter, compared to analyst estimates of $9.45 billion. T-Mobile US had a return on equity of 7.21% and a net margin of 3.87%. T-Mobile US’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS.

In other news, Director W Michael Barnes sold 22,500 shares of the stock in a transaction that occurred on Friday, December 30th. The stock was sold at an average price of $57.86, for a total value of $1,301,850.00. Following the completion of the transaction, the director now owns 113,267 shares of the company’s stock, valued at approximately $6,553,628.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank raised its position in shares of T-Mobile US by 57.7% in the third quarter. Toronto Dominion Bank now owns 2,484 shares of the company’s stock valued at $116,000 after buying an additional 909 shares in the last quarter. US Bancorp DE raised its position in shares of T-Mobile US by 5.5% in the third quarter. US Bancorp DE now owns 2,779 shares of the company’s stock valued at $130,000 after buying an additional 144 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in shares of T-Mobile US by 9.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,079 shares of the company’s stock valued at $133,000 after buying an additional 269 shares in the last quarter. Winslow Evans & Crocker Inc. raised its position in shares of T-Mobile US by 9.4% in the third quarter. Winslow Evans & Crocker Inc. now owns 3,134 shares of the company’s stock valued at $146,000 after buying an additional 270 shares in the last quarter. Finally, Riverhead Capital Management LLC purchased a new position in shares of T-Mobile US during the third quarter valued at about $150,000. 34.27% of the stock is owned by hedge funds and other institutional investors.

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