Wall Street brokerages forecast that United States Cellular Corp (NYSE:USM) will report earnings per share of $0.19 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for United States Cellular’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.16. United States Cellular posted earnings per share of $0.17 in the same quarter last year, which would indicate a positive year over year growth rate of 11.8%. The company is scheduled to report its next quarterly earnings report 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 financial year, with EPS estimates ranging from $1.09 to $1.13. For the next financial year, analysts forecast that the business will post earnings of $0.90 per share, with EPS estimates ranging from $0.59 to $1.13. Zacks’ EPS calculations are an average based on a survey of research firms that follow United States Cellular.
United States Cellular (NYSE:USM) last announced its earnings results on Friday, August 3rd. The Wireless communications provider reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.37. United States Cellular had a net margin of 1.74% and a return on equity of 2.78%. The business had revenue of $974.00 million for the quarter, compared to analyst estimates of $960.58 million. During the same quarter last year, the business earned $0.14 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year.
Several analysts have recently issued reports on the stock. ValuEngine upgraded shares of United States Cellular from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Citigroup lifted their target price on shares of United States Cellular from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research lowered shares of United States Cellular from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Finally, JPMorgan Chase & Co. lowered shares of United States Cellular from a “neutral” rating to an “underweight” rating and set a $43.00 price target on the stock. in a research report on Wednesday, July 11th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.00.
Shares of NYSE USM opened at $42.66 on Tuesday. United States Cellular has a 52-week low of $32.06 and a 52-week high of $45.00. The stock has a market capitalization of $3.64 billion, a PE ratio of 73.55, a P/E/G ratio of 38.36 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 Jay Ellison sold 7,309 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $44.68, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven T. Campbell sold 2,362 shares of the business’s stock in a transaction dated 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 owns 36,372 shares in the company, valued at $1,531,988.64. The disclosure for this sale can be found here. Insiders have sold 22,023 shares of company stock worth $921,311 over the last 90 days. 1.60% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in United States Cellular in the 2nd quarter valued at about $14,753,000. Millennium Management LLC boosted its holdings in United States Cellular by 38.1% in the 1st quarter. Millennium Management LLC now owns 518,513 shares of the Wireless communications provider’s stock valued at $20,839,000 after purchasing an additional 143,103 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in United States Cellular by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,443,736 shares of the Wireless communications provider’s stock valued at $53,476,000 after purchasing an additional 123,280 shares during the last quarter. SG Americas Securities LLC boosted its holdings in United States Cellular by 1,729.9% in the 1st quarter. SG Americas Securities LLC now owns 119,511 shares of the Wireless communications provider’s stock valued at $4,803,000 after purchasing an additional 112,980 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in United States Cellular by 8.6% in the 2nd quarter. Renaissance Technologies LLC now owns 828,000 shares of the Wireless communications provider’s stock valued at $30,669,000 after purchasing an additional 65,400 shares during the last quarter. Hedge funds and other institutional investors own 15.54% of the company’s stock.
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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