T-Mobile US (NASDAQ:TMUS) Issues Quarterly Earnings Results

T-Mobile US (NASDAQ:TMUS) released its quarterly earnings results on Thursday. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.17, Briefing.com reports. The business had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm earned $1.58 earnings per share.

T-Mobile US Trading Down 0.1 %

Shares of TMUS traded down $0.09 during mid-day trading on Friday, reaching $163.96. The stock had a trading volume of 7,968,973 shares, compared to its average volume of 4,564,574. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US has a 52-week low of $124.92 and a 52-week high of $168.64. The business’s fifty day moving average is $162.44 and its 200 day moving average is $156.81. The firm has a market cap of $194.60 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 0.68 and a beta of 0.49.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio is currently 37.52%.

Analysts Set New Price Targets

A number of brokerages have commented on TMUS. Royal Bank of Canada lifted their price objective on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley boosted their price objective on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. TD Cowen reduced their price objective on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research note on Friday. Wells Fargo & Company boosted their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 price objective on shares of T-Mobile US in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $186.33.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 170,903 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total value of $27,335,934.85. Following the completion of the transaction, the director now owns 680,306,713 shares of the company’s stock, valued at $108,815,058,744.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO G Michael Sievert sold 40,000 shares of T-Mobile US stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $161.05, for a total value of $6,442,000.00. Following the transaction, the chief executive officer now directly owns 496,036 shares in the company, valued at approximately $79,886,597.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 170,903 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the transaction, the director now directly owns 680,306,713 shares in the company, valued at $108,815,058,744.35. The disclosure for this sale can be found here. Insiders sold a total of 5,800,979 shares of company stock valued at $940,632,554 over the last 90 days. 0.70% of the stock is owned by company insiders.

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.