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

T-Mobile US (NASDAQ:TMUS) released its earnings results on Wednesday. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29, Briefing.com reports. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same period last year, the company earned $1.82 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis.

T-Mobile US Stock Up 5.7 %

Shares of TMUS traded up $12.61 during mid-day trading on Thursday, reaching $233.56. 6,919,215 shares of the stock traded hands, compared to its average volume of 4,502,233. The firm has a market cap of $273.70 billion, a price-to-earnings ratio of 31.78, a P/E/G ratio of 1.12 and a beta of 0.51. The stock has a fifty day simple moving average of $204.75 and a 200 day simple moving average of $184.44. T-Mobile US has a 12-month low of $137.69 and a 12-month high of $234.40. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US Increases Dividend

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

Insider Activity

In related news, Director Raul Marcelo Claure sold 132,309 shares of T-Mobile US stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Raul Marcelo Claure sold 132,309 shares of T-Mobile US stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the sale, the insider now owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 349,261 shares of company stock worth $69,411,130 over the last 90 days. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

TMUS has been the topic of several research analyst reports. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Raymond James cut shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $208.00 to $221.00 in a research report on Wednesday, October 2nd. Barclays raised their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday. Wells Fargo & Company raised their target price on shares of T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Citigroup raised their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research report on Monday. One research analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $238.89.

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.