Zacks Research Forecasts Increased Earnings for T-Mobile US

T-Mobile US, Inc. (NASDAQ:TMUS) – Research analysts at Zacks Research raised their FY2024 earnings estimates for T-Mobile US in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst A. Chatterjee now forecasts that the Wireless communications provider will post earnings per share of $9.16 for the year, up from their prior forecast of $9.04. The consensus estimate for T-Mobile US’s current full-year earnings is $9.36 per share. Zacks Research also issued estimates for T-Mobile US’s Q4 2024 earnings at $2.06 EPS, Q1 2025 earnings at $2.56 EPS and Q3 2025 earnings at $2.53 EPS.

A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Wells Fargo & Company increased their target price on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Tigress Financial lifted their price target on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. TD Cowen increased their price objective on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, BNP Paribas raised T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $241.83.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $235.61 on Friday. The stock’s 50-day simple moving average is $215.88 and its two-hundred day simple moving average is $192.44. T-Mobile US has a twelve month low of $147.07 and a twelve month high of $242.43. The firm has a market capitalization of $273.42 billion, a P/E ratio of 26.87, a P/E/G ratio of 1.23 and a beta of 0.50. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 earnings per share.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. T-Mobile US’s dividend payout ratio is currently 29.65%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now owns 1,824,632 shares in the company, valued at $357,627,872. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the transaction, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 464,924 shares of company stock valued at $97,427,925 in the last quarter. 0.67% of the stock is owned by insiders.

Hedge Funds Weigh In On T-Mobile US

Hedge funds have recently modified their holdings of the stock. WASHINGTON TRUST Co grew its position in T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the period. DT Investment Partners LLC grew its holdings in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 47 shares during the period. Summit Securities Group LLC purchased a new position in T-Mobile US during the second quarter valued at approximately $27,000. Y.D. More Investments Ltd acquired a new position in T-Mobile US in the second quarter valued at approximately $27,000. Finally, Dunhill Financial LLC boosted its position in T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

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.