T-Mobile US (NASDAQ:TMUS) Announces Quarterly Earnings Results, Beats Expectations By $0.17 EPS

T-Mobile US (NASDAQ:TMUS) announced its quarterly earnings results on Thursday. The Wireless communications provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.83 by $0.17, Briefing.com reports. The business had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. T-Mobile US had a return on equity of 13.45% and a net margin of 11.15%. T-Mobile US’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.58 EPS.

T-Mobile US Stock Down 0.1 %

TMUS stock opened at $163.96 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a market capitalization of $194.60 billion, a P/E ratio of 22.31, a P/E/G ratio of 0.68 and a beta of 0.49. The business has a 50-day moving average of $162.51 and a 200-day moving average of $156.98. T-Mobile US has a fifty-two week low of $124.92 and a fifty-two week high of $168.64.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 annualized dividend and a dividend yield of 1.59%. T-Mobile US’s dividend payout ratio is currently 35.37%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TMUS shares. Tigress Financial lifted their price objective on T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Oppenheimer reiterated an “outperform” rating and issued a $190.00 price objective on shares of T-Mobile US in a research report on Wednesday, April 3rd. KeyCorp lifted their price objective on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday. Morgan Stanley lifted their price objective on T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Finally, Citigroup lifted their price objective on T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, March 25th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $186.33.

Insider Transactions at T-Mobile US

In related news, insider Michael J. Katz sold 6,655 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the completion of the transaction, the insider now directly owns 126,616 shares of the company’s stock, valued at $20,414,297.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other T-Mobile US news, insider Michael J. Katz sold 6,655 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $161.23, for a total value of $1,072,985.65. Following the sale, the insider now owns 126,616 shares in the company, valued at $20,414,297.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the sale, the insider now owns 125,687 shares in the company, valued at approximately $20,514,632.14. The disclosure for this sale can be found here. Insiders sold 6,180,319 shares of company stock valued at $1,002,629,987 over the last three months. Company insiders own 0.70% of the company’s stock.

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 customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.