Zacks: Brokerages Expect United States Cellular Corp (USM) to Announce $0.20 EPS

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Wall Street analysts expect that United States Cellular Corp (NYSE:USM) will announce earnings per share (EPS) of $0.20 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for United States Cellular’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.23. United States Cellular reported earnings per share of $0.17 during the same quarter last year, which suggests a positive year-over-year growth rate of 17.6%. The business is expected to report its next quarterly earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that United States Cellular will report full-year earnings of $1.11 per share for the current year, with EPS estimates ranging from $1.09 to $1.13. For the next fiscal year, analysts forecast that the company will report earnings of $0.86 per share, with EPS estimates ranging from $0.59 to $1.13. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover United States Cellular.

United States Cellular (NYSE:USM) last announced its quarterly earnings data on Friday, August 3rd. The Wireless communications provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.37. United States Cellular had a return on equity of 2.78% and a net margin of 1.74%. The company had revenue of $974.00 million for the quarter, compared to analysts’ expectations of $960.58 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue was up 1.1% compared to the same quarter last year.

USM has been the topic of a number of analyst reports. ValuEngine upgraded United States Cellular from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. Citigroup upped their price objective on United States Cellular from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research cut United States Cellular from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, JPMorgan Chase & Co. cut United States Cellular from a “neutral” rating to an “underweight” rating and set a $43.00 price objective on the stock. in a research note on Wednesday, July 11th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. United States Cellular presently has an average rating of “Hold” and an average target price of $45.00.

Shares of United States Cellular stock opened at $43.94 on Friday. United States Cellular has a 12-month low of $32.06 and a 12-month high of $45.00. The company has a market cap of $3.77 billion, a PE ratio of 75.76, a P/E/G ratio of 39.69 and a beta of 0.57. The company has a current ratio of 2.90, a quick ratio of 2.66 and a debt-to-equity ratio of 0.41.

In related news, EVP Steven T. Campbell sold 2,362 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $42.12, for a total transaction of $99,487.44. Following the transaction, the executive vice president now directly owns 36,372 shares of the company’s stock, valued at approximately $1,531,988.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jay Ellison sold 7,309 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $44.68, for a total value of $326,566.12. Following the transaction, the executive vice president now directly owns 71,400 shares in the company, valued at $3,190,152. The disclosure for this sale can be found here. Insiders have sold a total of 22,023 shares of company stock worth $921,311 over the last three months. 1.60% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of USM. Schwab Charles Investment Management Inc. increased its holdings in shares of United States Cellular by 15.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 154,347 shares of the Wireless communications provider’s stock worth $6,204,000 after acquiring an additional 20,291 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of United States Cellular by 770.8% during the 1st quarter. JPMorgan Chase & Co. now owns 52,229 shares of the Wireless communications provider’s stock worth $2,099,000 after acquiring an additional 46,231 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of United States Cellular by 10.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,320,456 shares of the Wireless communications provider’s stock worth $53,069,000 after acquiring an additional 121,021 shares during the last quarter. Citigroup Inc. increased its holdings in shares of United States Cellular by 442.9% during the 1st quarter. Citigroup Inc. now owns 13,496 shares of the Wireless communications provider’s stock worth $543,000 after acquiring an additional 11,010 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of United States Cellular by 71.4% during the 1st quarter. Russell Investments Group Ltd. now owns 140,606 shares of the Wireless communications provider’s stock worth $5,650,000 after acquiring an additional 58,569 shares during the last quarter. 15.54% of the stock is currently owned by institutional investors and hedge funds.

United States Cellular Company Profile

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.

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