Wall Street analysts expect that United States Cellular Corp (NYSE:USM) will report $1.05 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for United States Cellular’s earnings, with the highest sales estimate coming in at $1.06 billion and the lowest estimate coming in at $1.04 billion. United States Cellular reported sales of $1.03 billion in the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The business is scheduled to issue its next quarterly earnings results on Friday, February 22nd.
According to Zacks, analysts expect that United States Cellular will report full-year sales of $3.97 billion for the current fiscal year, with estimates ranging from $3.95 billion to $3.98 billion. For the next financial year, analysts forecast that the firm will report sales of $4.03 billion, with estimates ranging from $3.99 billion to $4.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow United States Cellular.
United States Cellular (NYSE:USM) last released 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 return on equity of 3.05% and a net margin of 10.21%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $993.91 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis.
USM opened at $56.62 on Monday. United States Cellular has a one year low of $32.06 and a one year high of $57.00. The company has a market capitalization of $4.86 billion, a P/E ratio of 97.62, a price-to-earnings-growth ratio of 34.88 and a beta of 0.35. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.53 and a current ratio of 2.71.
In other United States Cellular news, EVP Jay Ellison sold 5,462 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $52.45, for a total value of $286,481.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harry J. Harczak, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $52.05, for a total value of $260,250.00. The disclosure for this sale can be found here. Insiders sold 37,636 shares of company stock worth $1,954,190 over the last quarter. 1.60% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in USM. UBS Group AG raised its position in 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 valued at $980,000 after purchasing an additional 17,119 shares during the period. Guggenheim Capital LLC purchased a new stake in United States Cellular in the first quarter valued at approximately $699,000. Nisa Investment Advisors LLC purchased a new stake in United States Cellular in the second quarter valued at approximately $459,000. Acadian Asset Management LLC purchased a new stake in United States Cellular in the second quarter valued at approximately $14,753,000. Finally, BNP Paribas Arbitrage SA raised its position 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 valued at $188,000 after purchasing an additional 3,588 shares during the period. 16.01% of the stock is currently owned by institutional investors.
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.
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