T-Mobile US (NASDAQ:TMUS) Announces Earnings Results, Beats Expectations By $0.29 EPS

T-Mobile US (NASDAQ:TMUS) issued its quarterly earnings results on Wednesday. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29, Briefing.com reports. The firm had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. T-Mobile US’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 EPS.

T-Mobile US Price Performance

NASDAQ:TMUS traded up $12.61 during mid-day trading on Thursday, hitting $233.56. 6,919,215 shares of the company’s stock traded hands, compared to its average volume of 4,502,233. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The firm’s 50 day simple moving average is $204.75 and its 200 day simple moving average is $184.44. T-Mobile US has a 1 year low of $137.69 and a 1 year high of $234.40. The company has a market cap of $273.70 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is 47.89%.

Analysts Set New Price Targets

TMUS has been the subject of a number of recent research reports. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. UBS Group upped their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Wells Fargo & Company upped their price objective on shares of T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Morgan Stanley upped their price objective on shares of T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $238.89.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the transaction, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the sale, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares in the company, valued at $13,380,222.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 349,261 shares of company stock worth $69,411,130. 0.67% of the stock is owned by corporate insiders.

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.