T-Mobile US Inc. (NASDAQ:TMUS) will be issuing its Q216 quarterly earnings data before the market opens on Wednesday, July 27th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $9.03 billion for the quarter.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.46. The business earned $8.60 billion during the quarter, compared to the consensus estimate of $8.40 billion. During the same quarter last year, the company posted ($0.09) EPS. The firm’s revenue was up 10.3% on a year-over-year basis.
TMUS has been the topic of a number of analyst reports. Citigroup Inc. reiterated a “buy” rating and set a $51.00 price objective (up from $47.00) on shares of T-Mobile US in a research note on Monday, June 13th. Jefferies Group boosted their price objective on T-Mobile US from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 21st. Vetr lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $41.42 price objective on the stock. in a research note on Monday, April 25th. Robert W. Baird reiterated a “neutral” rating and set a $42.00 price objective on shares of T-Mobile US in a research note on Tuesday, June 28th. Finally, Zacks Investment Research upgraded T-Mobile US from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Tuesday, July 12th. Twelve research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $45.79.
In other T-Mobile US news, CFO J Braxton Carter II sold 8,550 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $44.75, for a total transaction of $382,612.50. Following the completion of the transaction, the chief financial officer now owns 189,971 shares of the company’s stock, valued at approximately $8,501,202.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Neville R. Ray sold 6,945 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $44.00, for a total value of $305,580.00. Following the transaction, the executive vice president now directly owns 210,042 shares of the company’s stock, valued at approximately $9,241,848. The disclosure for this sale can be found here.
