T-Mobile US, Inc. (TMUS) To Go Ex-Dividend on November 27th

T-Mobile US, Inc. (NASDAQ:TMUS) announced a quarterly dividend on Wednesday, September 18th,Zacks Dividends reports. Investors of record on Wednesday, November 27th will be paid a dividend of 0.88 per share by the Wireless communications provider on Thursday, December 12th. This represents a $3.52 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65.

T-Mobile US has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect T-Mobile US to earn $10.30 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 25.2%.

T-Mobile US Trading Up 0.3 %

TMUS opened at $239.00 on Monday. T-Mobile US has a 12 month low of $147.96 and a 12 month high of $242.43. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The stock has a 50-day moving average of $219.58 and a 200 day moving average of $195.39. The firm has a market cap of $277.36 billion, a P/E ratio of 27.17, a P/E/G ratio of 1.22 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last released its 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 firm had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 EPS. As a group, research analysts forecast that T-Mobile US will post 9.38 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. TD Cowen raised their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Finally, Evercore ISI boosted their price objective on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

Insider Buying and Selling

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the transaction, the insider now directly owns 119,687 shares in the company, valued at approximately $24,571,741.10. The trade was a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares in the company, valued at $305,183,874.96. This represents a 7.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,750 shares of company stock valued at $72,863,634 over the last three months. 0.67% 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.