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

T-Mobile US (NASDAQ:TMUS) issued its quarterly earnings data on Wednesday. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29, Briefing.com reports. The business had revenue of $20.16 billion for 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%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $1.82 EPS.

T-Mobile US Trading Up 5.7 %

Shares of NASDAQ TMUS traded up $12.61 during trading on Thursday, hitting $233.56. 6,919,215 shares of the company were exchanged, compared to its average volume of 4,502,233. T-Mobile US has a 12-month low of $137.69 and a 12-month high of $234.40. 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 company has a fifty day moving average price of $204.75 and a 200-day moving average price of $184.44. The firm has a market capitalization of $273.70 billion, a PE ratio of 31.78, a P/E/G ratio of 1.12 and a beta of 0.51.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is currently 47.89%.

Analyst Ratings Changes

TMUS has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised 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 note on Thursday, July 18th. Benchmark raised their price objective on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday. Tigress Financial lifted their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Barclays lifted their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Buy” and a consensus target price of $238.89.

Insider Transactions at T-Mobile US

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction on 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 transaction, the executive vice president now owns 61,871 shares in the company, valued at $13,380,222.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the sale, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 349,261 shares of company stock worth $69,411,130 in the last quarter. Company insiders own 0.67% of the company’s stock.

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.