T-Mobile US (NASDAQ:TMUS) Posts Earnings Results, Beats Estimates By $0.42 EPS

T-Mobile US (NASDAQ:TMUS) issued its quarterly earnings results on Wednesday. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42, Zacks reports. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%.

T-Mobile US Stock Up 8.8 %

Shares of TMUS traded up $19.55 during mid-day trading on Wednesday, hitting $240.69. 2,875,705 shares of the company traded hands, compared to its average volume of 3,652,808. The company has a market capitalization of $279.32 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.08 and a beta of 0.56. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The business has a 50 day moving average of $226.37 and a 200 day moving average of $212.66. T-Mobile US has a 1-year low of $158.84 and a 1-year high of $248.15.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio is presently 40.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TMUS shares. Benchmark reaffirmed a “buy” rating and issued a $255.00 price objective on shares of T-Mobile US in a research report on Tuesday. Oppenheimer upped their price target on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective for the company. in a report on Thursday, December 12th. The Goldman Sachs Group upped their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Citigroup lifted their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $245.74.

Insider Buying and Selling

In other news, Director Andre Almeida bought 3,808 shares of T-Mobile US stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the purchase, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. The trade was a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now directly owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 144,200 shares of company stock worth $32,736,303 in the last three months. Corporate insiders own 0.67% 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.