Analysts Expect United States Cellular Corp (NYSE:USM) Will Announce Quarterly Sales of $1.01 Billion

Wall Street brokerages forecast that United States Cellular Corp (NYSE:USM) will post $1.01 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for United States Cellular’s earnings. The lowest sales estimate is $1.01 billion and the highest is $1.02 billion. United States Cellular posted sales of $1.00 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 1%. The firm is scheduled to report its next quarterly earnings results on Friday, November 1st.

According to Zacks, analysts expect that United States Cellular will report full-year sales of $3.99 billion for the current year. For the next financial year, analysts forecast that the firm will post sales of $4.09 billion, with estimates ranging from $4.02 billion to $4.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover United States Cellular.

United States Cellular (NYSE:USM) last announced its quarterly earnings results on Thursday, August 1st. The Wireless communications provider reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.06). United States Cellular had a net margin of 3.56% and a return on equity of 3.46%. The company had revenue of $973.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business posted $0.56 earnings per share. The company’s revenue was down .1% compared to the same quarter last year.

Several research analysts recently weighed in on USM shares. Raymond James dropped their target price on United States Cellular from $56.00 to $53.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. B. Riley dropped their target price on United States Cellular from $50.00 to $42.00 and set a “neutral” rating on the stock in a research note on Tuesday. Zacks Investment Research upgraded United States Cellular from a “strong sell” rating to a “hold” rating in a research note on Friday, April 26th. ValuEngine downgraded United States Cellular from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. upgraded United States Cellular from an “underweight” rating to a “neutral” rating and set a $46.00 target price on the stock in a research note on Monday, August 5th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. United States Cellular presently has an average rating of “Hold” and an average target price of $51.58.

USM stock traded down $1.14 on Monday, hitting $35.81. 296,264 shares of the company’s stock were exchanged, compared to its average volume of 288,845. United States Cellular has a 12-month low of $35.43 and a 12-month high of $59.74. The stock’s 50 day simple moving average is $45.45. The company has a current ratio of 2.32, a quick ratio of 2.13 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $3.13 billion, a PE ratio of 20.82, a P/E/G ratio of 24.69 and a beta of 0.72.

In other United States Cellular news, CEO Kenneth R. Meyers sold 16,045 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $47.26, for a total transaction of $758,286.70. Following the sale, the chief executive officer now owns 99,726 shares in the company, valued at approximately $4,713,050.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kenneth R. Meyers sold 30,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $44.05, for a total value of $1,321,500.00. Following the sale, the insider now owns 100,632 shares in the company, valued at approximately $4,432,839.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,543 shares of company stock worth $4,117,537. 0.62% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Advisor Group Inc. grew its stake in United States Cellular by 325.2% during the 4th quarter. Advisor Group Inc. now owns 523 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 400 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in United States Cellular during the 2nd quarter valued at about $41,000. Twin Tree Management LP purchased a new stake in United States Cellular during the 1st quarter valued at about $53,000. Trust Co. of Vermont acquired a new position in shares of United States Cellular in the 2nd quarter valued at about $54,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of United States Cellular in the 2nd quarter valued at about $72,000. Institutional investors and hedge funds own 16.86% of the company’s stock.

United States Cellular Company Profile

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

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