T-Mobile US (NASDAQ:TMUS - Get Free Report) issued its quarterly earnings data on Wednesday. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15, Zacks reports. The company had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.59%. T-Mobile US's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.49 earnings per share.
T-Mobile US Trading Down 1.6%
Shares of NASDAQ TMUS traded down $3.95 during mid-day trading on Friday, hitting $243.55. The stock had a trading volume of 5,204,895 shares, compared to its average volume of 4,386,916. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. T-Mobile US has a 1 year low of $173.74 and a 1 year high of $276.49. The business has a 50 day moving average price of $235.18 and a two-hundred day moving average price of $244.24. The firm has a market cap of $276.54 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 1.30 and a beta of 0.62.
T-Mobile US Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.45%. T-Mobile US's payout ratio is 33.21%.
Insider Activity at T-Mobile US
In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 1,326,510 shares of company stock valued at $305,246,018 over the last quarter. 0.37% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Morgan Stanley boosted their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday. Tigress Financial boosted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. boosted their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.
View Our Latest Stock Analysis on TMUS
About T-Mobile US
(
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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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