Zacks: Analysts Anticipate United States Cellular Corp (USM) Will Post Earnings of $0.11 Per Share

Brokerages expect United States Cellular Corp (NYSE:USM) to announce earnings of $0.11 per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for United States Cellular’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.01. United States Cellular reported earnings of $0.05 per share in the same quarter last year, which would suggest a positive year over year growth rate of 120%. The firm is expected to announce its next quarterly earnings report on Friday, February 22nd.

According to Zacks, analysts expect that United States Cellular will report full-year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.75. For the next fiscal year, analysts forecast that the company will report earnings of $1.46 per share, with EPS estimates ranging from $0.58 to $1.89. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow United States Cellular.

United States Cellular (NYSE:USM) last posted its quarterly earnings data on Friday, November 2nd. The Wireless communications provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.17. United States Cellular had a net margin of 10.21% and a return on equity of 3.05%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $993.91 million. During the same period in the prior year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis.

A number of analysts have recently issued reports on USM shares. ValuEngine raised shares of United States Cellular from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Citigroup increased their price target on shares of United States Cellular from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research lowered shares of United States Cellular from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 8th. B. Riley reissued a “neutral” rating and issued a $53.00 price target on shares of United States Cellular in a research report on Thursday, November 1st. Finally, Raymond James increased their price target on shares of United States Cellular from $43.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. United States Cellular currently has a consensus rating of “Buy” and a consensus price target of $51.00.

In other news, CFO Steven T. Campbell sold 21,329 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $51.85, for a total value of $1,105,908.65. Following the completion of the sale, the chief financial officer now directly owns 89,545 shares of the company’s stock, valued at $4,642,908.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Irizarry sold 1,746 shares of the stock in a transaction that occurred on Wednesday, September 26th. The stock was sold at an average price of $43.40, for a total transaction of $75,776.40. Following the completion of the sale, the executive vice president now directly owns 59,300 shares of the company’s stock, valued at $2,573,620. The disclosure for this sale can be found here. Insiders sold 37,636 shares of company stock valued at $1,954,190 over the last three months. 1.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of USM. UBS Group AG lifted its position in shares of United States Cellular by 235.0% in the first quarter. UBS Group AG now owns 24,403 shares of the Wireless communications provider’s stock worth $980,000 after purchasing an additional 17,119 shares in the last quarter. Guggenheim Capital LLC acquired a new position in United States Cellular in the first quarter worth approximately $699,000. Nisa Investment Advisors LLC acquired a new position in United States Cellular in the second quarter worth approximately $459,000. Acadian Asset Management LLC acquired a new position in United States Cellular in the second quarter worth approximately $14,753,000. Finally, BNP Paribas Arbitrage SA increased its holdings in United States Cellular by 241.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,075 shares of the Wireless communications provider’s stock worth $188,000 after buying an additional 3,588 shares during the last quarter. 16.01% of the stock is owned by institutional investors and hedge funds.

USM stock opened at $56.62 on Friday. The company has a quick ratio of 2.53, a current ratio of 2.71 and a debt-to-equity ratio of 0.40. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 41.28, a PEG ratio of 34.84 and a beta of 0.35. United States Cellular has a one year low of $32.06 and a one year high of $57.00.

About United States Cellular

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.

See Also: Book Value Per Share – BVPS

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Earnings History and Estimates for United States Cellular (NYSE:USM)

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