T-Mobile US (NASDAQ:TMUS) Issues Earnings Results

Key Points

• T-Mobile US reported earnings of $2.41 per share, exceeding analysts' expectations, alongside revenue of $21.96 billion for the quarter, an 8.9% increase from the previous year.
• The company announced a quarterly dividend increase to $1.02 per share, with a payout ratio of 33.21% and a current dividend yield of 1.9%.
• Despite positive earnings results, T-Mobile US shares fell 4.3% following the announcement, trading at $217.70 after a significant volume of shares exchanged.

T-Mobile US (NASDAQ:TMUS - Get Free Report) announced its earnings results on Thursday. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.40 by $0.01, Briefing.com reports. The company had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.61 earnings per share.

T-Mobile US Stock Down 4.3%

Shares of TMUS stock traded down $9.70 on Thursday, reaching $217.70. 3,035,200 shares of the stock were exchanged, compared to its average volume of 4,287,177. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The business's 50 day moving average price is $240.64 and its 200 day moving average price is $241.04. The company has a market capitalization of $245.00 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 1.57 and a beta of 0.59. T-Mobile US has a twelve month low of $208.39 and a twelve month high of $276.49.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This is an increase from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. T-Mobile US's payout ratio is presently 33.21%.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the business's stock in a transaction on Monday, October 20th. The shares were sold at an average price of $228.85, for a total value of $14,743,890.10. Following the completion of the sale, the director directly owned 627,524,343 shares of the company's stock, valued at $143,608,945,895.55. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 2,395,091 shares of company stock valued at $578,333,496 over the last three months. 0.37% of the stock is owned by insiders.

Institutional Investors Weigh In On T-Mobile US

Institutional investors and hedge funds have recently made changes to their positions in the business. ICONIQ Capital LLC boosted its position in T-Mobile US by 8.1% during the second quarter. ICONIQ Capital LLC now owns 870 shares of the Wireless communications provider's stock worth $207,000 after acquiring an additional 65 shares during the last quarter. State of Wyoming boosted its stake in T-Mobile US by 31.5% during the 2nd quarter. State of Wyoming now owns 1,061 shares of the Wireless communications provider's stock valued at $253,000 after purchasing an additional 254 shares during the period. McIlrath & Eck LLC lifted its stake in shares of T-Mobile US by 59.5% in the 2nd quarter. McIlrath & Eck LLC now owns 1,163 shares of the Wireless communications provider's stock worth $277,000 after acquiring an additional 434 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $337,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of T-Mobile US during the second quarter valued at approximately $375,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Moffett Nathanson boosted their target price on T-Mobile US from $210.00 to $230.00 and gave the company a "neutral" rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. boosted their price target on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 30th. Raymond James Financial upgraded shares of T-Mobile US to a "hold" rating in a research note on Wednesday, October 1st. BNP Paribas Exane boosted their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an "outperform" rating in a research note on Monday, October 6th. Finally, KeyCorp restated an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $266.17.

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.

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