Analysts Anticipate United States Cellular Corp (NYSE:USM) Will Post Earnings of $0.42 Per Share

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Wall Street brokerages expect United States Cellular Corp (NYSE:USM) to report earnings per share (EPS) of $0.42 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for United States Cellular’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.48. United States Cellular posted earnings of $0.47 per share in the same quarter last year, which suggests a negative year over year growth rate of 10.6%. The business is scheduled to issue its next quarterly earnings report on Friday, August 2nd.

On average, analysts expect that United States Cellular will report full-year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.06 to $1.83. For the next financial year, analysts forecast that the firm will post earnings of $1.57 per share, with EPS estimates ranging from $1.06 to $2.19. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow United States Cellular.

United States Cellular (NYSE:USM) last announced its quarterly earnings results on Thursday, May 2nd. The Wireless communications provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.16. The company had revenue of $966.00 million during the quarter, compared to the consensus estimate of $980.16 million. United States Cellular had a return on equity of 3.76% and a net margin of 4.01%. United States Cellular’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS.

A number of brokerages have issued reports on USM. Morgan Stanley raised United States Cellular from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $44.00 to $64.50 in a report on Tuesday, June 18th. Raymond James decreased their price target on United States Cellular from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Zacks Investment Research raised United States Cellular from a “strong sell” rating to a “hold” rating in a report on Friday, April 26th. Finally, B. Riley set a $50.00 price target on United States Cellular and gave the stock a “hold” rating in a report on Tuesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $54.25.

NYSE USM traded down $0.53 during trading on Tuesday, reaching $47.22. 3,550 shares of the company’s stock were exchanged, compared to its average volume of 182,823. The firm has a market cap of $4.12 billion, a PE ratio of 27.50, a P/E/G ratio of 35.60 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.10 and a current ratio of 2.29. The stock has a 50 day simple moving average of $46.16. United States Cellular has a 1 year low of $32.33 and a 1 year high of $59.74.

In other news, EVP Jay Ellison sold 12,498 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $50.06, for a total value of $625,649.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deirdre Drake sold 6,530 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $46.59, for a total value of $304,232.70. The disclosure for this sale can be found here. Insiders have sold a total of 67,721 shares of company stock valued at $3,148,600 over the last ninety days. 0.62% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of USM. Advisor Group Inc. raised its stake in United States Cellular by 325.2% during the 4th quarter. Advisor Group Inc. now owns 523 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 400 shares during the last quarter. Bank of Montreal Can raised its stake in United States Cellular by 46.9% during the 4th quarter. Bank of Montreal Can now owns 796 shares of the Wireless communications provider’s stock valued at $41,000 after acquiring an additional 254 shares during the last quarter. Twin Tree Management LP purchased a new stake in United States Cellular during the 1st quarter valued at approximately $53,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in United States Cellular by 40.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,258 shares of the Wireless communications provider’s stock valued at $65,000 after acquiring an additional 365 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in United States Cellular by 48.8% during the 1st quarter. State of Alaska Department of Revenue now owns 2,073 shares of the Wireless communications provider’s stock valued at $94,000 after acquiring an additional 680 shares during the last quarter. 16.91% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for United States Cellular (NYSE:USM)

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