Zacks: Analysts Expect T-Mobile Us Inc (NASDAQ:TMUS) Will Announce Quarterly Sales of $11.32 Billion

Analysts predict that T-Mobile Us Inc (NASDAQ:TMUS) will report sales of $11.32 billion for the current fiscal quarter, Zacks reports. Thirteen analysts have made estimates for T-Mobile Us’ earnings, with the lowest sales estimate coming in at $11.12 billion and the highest estimate coming in at $11.50 billion. T-Mobile Us reported sales of $10.84 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.4%. The company is expected to announce its next quarterly earnings report on Tuesday, October 29th.

On average, analysts expect that T-Mobile Us will report full-year sales of $45.32 billion for the current year, with estimates ranging from $44.80 billion to $45.81 billion. For the next financial year, analysts expect that the firm will report sales of $47.46 billion, with estimates ranging from $46.77 billion to $48.28 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover T-Mobile Us.

T-Mobile Us (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, July 25th. The Wireless communications provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.30. The firm had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $11.14 billion. T-Mobile Us had a net margin of 7.40% and a return on equity of 13.89%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 earnings per share.

A number of equities analysts have commented on the stock. Raymond James lifted their price objective on shares of T-Mobile Us from $86.00 to $94.00 and gave the stock a “strong-buy” rating in a report on Tuesday, August 6th. Nomura lifted their price objective on shares of T-Mobile Us from $76.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. ValuEngine downgraded shares of T-Mobile Us from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Wells Fargo & Co lifted their price objective on shares of T-Mobile Us from $82.00 to $98.00 and gave the stock a “positive” rating in a report on Monday, July 29th. Finally, Royal Bank of Canada set a $87.00 price objective on shares of T-Mobile Us and gave the stock a “buy” rating in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $90.00.

Several institutional investors and hedge funds have recently made changes to their positions in TMUS. BlackRock Inc. boosted its holdings in shares of T-Mobile Us by 17.5% during the second quarter. BlackRock Inc. now owns 17,733,859 shares of the Wireless communications provider’s stock valued at $1,314,789,000 after acquiring an additional 2,647,322 shares during the period. FMR LLC boosted its holdings in shares of T-Mobile Us by 11.9% during the first quarter. FMR LLC now owns 24,472,941 shares of the Wireless communications provider’s stock valued at $1,691,080,000 after acquiring an additional 2,601,725 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of T-Mobile Us during the second quarter valued at $177,428,000. FIL Ltd boosted its holdings in shares of T-Mobile Us by 32.1% during the first quarter. FIL Ltd now owns 6,623,746 shares of the Wireless communications provider’s stock valued at $457,701,000 after acquiring an additional 1,610,535 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of T-Mobile Us by 16.5% during the second quarter. Invesco Ltd. now owns 9,195,199 shares of the Wireless communications provider’s stock valued at $681,731,000 after acquiring an additional 1,300,620 shares during the period. 33.06% of the stock is owned by institutional investors.

T-Mobile Us stock traded up $0.51 during mid-day trading on Thursday, reaching $78.30. The company’s stock had a trading volume of 2,299,723 shares, compared to its average volume of 3,870,875. The firm has a market cap of $67.06 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 1.45 and a beta of 0.41. The business has a 50 day moving average price of $78.40 and a 200-day moving average price of $76.20. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.43. T-Mobile Us has a twelve month low of $59.96 and a twelve month high of $85.22.

T-Mobile Us Company Profile

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 79.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

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Earnings History and Estimates for T-Mobile Us (NASDAQ:TMUS)

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