T-Mobile US (NASDAQ:TMUS) Stock Price Up 6.2% After Better-Than-Expected Earnings

T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) rose 6.2% during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $251.75 and last traded at $248.47. Approximately 3,938,581 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 4,345,588 shares. The stock had previously closed at $233.93.

The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter last year, the firm earned $2.49 earnings per share. The business's revenue for the quarter was up 6.9% on a year-over-year basis.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.42%. T-Mobile US's payout ratio is currently 34.34%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a research report on Monday, July 7th. Benchmark reaffirmed a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a report on Thursday, March 27th. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Finally, Tigress Financial boosted their price target 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. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $255.83.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $232.58, for a total value of $16,243,387.20. Following the sale, the director owned 646,962,444 shares in the company, valued at approximately $150,470,525,225.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 1,256,670 shares of company stock valued at $288,999,139. Insiders own 0.37% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TMUS. Mainstay Capital Management LLC ADV increased its position in shares of T-Mobile US by 118.3% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,672 shares of the Wireless communications provider's stock valued at $398,000 after acquiring an additional 906 shares during the last quarter. Weaver Capital Management LLC lifted its stake in T-Mobile US by 0.6% during the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider's stock worth $1,605,000 after purchasing an additional 42 shares during the last quarter. Copperwynd Financial LLC bought a new stake in shares of T-Mobile US in the 2nd quarter valued at about $215,000. US Bancorp DE increased its holdings in T-Mobile US by 42.2% during the 2nd quarter. US Bancorp DE now owns 168,037 shares of the Wireless communications provider's stock valued at $40,037,000 after purchasing an additional 49,898 shares during the period. Finally, Trifecta Capital Advisors LLC grew its holdings in shares of T-Mobile US by 592.9% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 485 shares of the Wireless communications provider's stock worth $116,000 after acquiring an additional 415 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

The firm has a market capitalization of $281.70 billion, a P/E ratio of 24.27, a PEG ratio of 1.30 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. The firm has a 50-day moving average of $235.03 and a 200-day moving average of $243.99.

About T-Mobile US

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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