T-Mobile US, Inc. Forecasted to Earn Q3 2022 Earnings of $0.86 Per Share (NASDAQ:TMUS)

T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) – Analysts at KeyCorp upped their Q3 2022 EPS estimates for T-Mobile US in a research note issued on Wednesday, April 27th. KeyCorp analyst B. Nispel now expects that the Wireless communications provider will post earnings of $0.86 per share for the quarter, up from their previous estimate of $0.79. KeyCorp also issued estimates for T-Mobile US’s Q4 2022 earnings at $0.88 EPS and FY2023 earnings at $6.69 EPS.

A number of other brokerages have also recently issued reports on TMUS. Credit Suisse Group set a $188.00 target price on T-Mobile US in a research report on Monday, April 11th. Morgan Stanley lifted their target price on shares of T-Mobile US from $149.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, February 4th. Deutsche Bank Aktiengesellschaft raised their price target on T-Mobile US from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, February 3rd. The Goldman Sachs Group set a $153.00 target price on T-Mobile US in a report on Thursday, February 3rd. Finally, Barclays set a $150.00 price target on T-Mobile US in a report on Thursday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $162.10.

Shares of NASDAQ TMUS opened at $132.29 on Friday. The business’s 50-day simple moving average is $127.59 and its 200-day simple moving average is $119.98. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.78 and a current ratio of 0.89. T-Mobile US has a 52 week low of $101.51 and a 52 week high of $150.20. The firm has a market cap of $165.27 billion, a price-to-earnings ratio of 54.89, a P/E/G ratio of 2.04 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUSGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The Wireless communications provider reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.16. T-Mobile US had a net margin of 3.78% and a return on equity of 6.18%. The firm had revenue of $20.12 billion during the quarter, compared to analysts’ expectations of $20.14 billion. During the same period in the prior year, the company posted $0.92 earnings per share. T-Mobile US’s revenue for the quarter was up 1.8% on a year-over-year basis.

In related news, insider Neville R. Ray sold 120,000 shares of T-Mobile US stock in a transaction dated Thursday, February 3rd. The stock was sold at an average price of $120.40, for a total value of $14,448,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.69% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Charter Oak Capital Management LLC bought a new stake in shares of T-Mobile US during the fourth quarter worth approximately $29,000. Koshinski Asset Management Inc. raised its position in shares of T-Mobile US by 48.5% during the 1st quarter. Koshinski Asset Management Inc. now owns 245 shares of the Wireless communications provider’s stock valued at $31,000 after acquiring an additional 80 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of T-Mobile US by 324.3% in the 4th quarter. Wolff Wiese Magana LLC now owns 297 shares of the Wireless communications provider’s stock valued at $34,000 after purchasing an additional 227 shares during the period. Moors & Cabot Inc. bought a new position in shares of T-Mobile US in the 3rd quarter worth $35,000. Finally, Covestor Ltd acquired a new stake in shares of T-Mobile US during the fourth quarter worth $35,000. Institutional investors own 43.87% of the company’s stock.

About T-Mobile US (Get Rating)

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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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Earnings History and Estimates for T-Mobile US (NASDAQ:TMUS)

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