Millicom International Cellular (NASDAQ:TIGO - Get Free Report) announced its quarterly earnings results on Thursday, May 8th. The technology company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.23, Zacks reports. Millicom International Cellular had a net margin of 2.70% and a return on equity of 4.43%. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter last year, the company posted $0.54 earnings per share. The company's revenue for the quarter was down 7.6% compared to the same quarter last year.
Millicom International Cellular Trading Up 3.2%
Shares of TIGO stock traded up $1.11 during trading hours on Thursday, hitting $36.15. 306,348 shares of the company's stock traded hands, compared to its average volume of 806,651. The stock has a market cap of $6.22 billion, a PE ratio of 38.46 and a beta of 1.03. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.59. Millicom International Cellular has a 12 month low of $22.59 and a 12 month high of $36.29. The stock's 50 day simple moving average is $31.08 and its 200 day simple moving average is $27.88.
Millicom International Cellular Announces Dividend
The company also recently declared an annual dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th were paid a dividend of $0.75 per share. This represents a dividend yield of 3.9%. The ex-dividend date was Tuesday, April 8th. Millicom International Cellular's payout ratio is 144.23%.
Analysts Set New Price Targets
Several research firms have issued reports on TIGO. JPMorgan Chase & Co. raised their price objective on Millicom International Cellular from $33.00 to $41.00 and gave the company an "overweight" rating in a research report on Thursday, April 3rd. Barclays reduced their price objective on shares of Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating for the company in a research report on Thursday, April 3rd. HSBC upgraded shares of Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 target price for the company in a research note on Wednesday, January 22nd. Scotiabank upped their price target on shares of Millicom International Cellular from $37.30 to $37.90 and gave the company a "sector outperform" rating in a research note on Friday, February 28th. Finally, Hsbc Global Res upgraded Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.65.
Get Our Latest Stock Report on TIGO
Millicom International Cellular Company Profile
(
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Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.
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