United States Cellular (USM) Scheduled to Post Earnings on Thursday

United States Cellular (NYSE:USMGet Rating) is set to announce its earnings results after the market closes on Thursday, May 5th. Analysts expect the company to announce earnings of $0.45 per share for the quarter.

United States Cellular (NYSE:USMGet Rating) last posted its quarterly earnings data on Thursday, February 17th. The Wireless communications provider reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.14. United States Cellular had a return on equity of 3.45% and a net margin of 3.79%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company posted $0.06 EPS. On average, analysts expect United States Cellular to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of United States Cellular stock traded down $1.31 on Friday, hitting $28.78. 124,445 shares of the company’s stock traded hands, compared to its average volume of 106,559. The company has a fifty day moving average of $29.92 and a two-hundred day moving average of $30.83. United States Cellular has a one year low of $25.44 and a one year high of $39.96. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 16.26 and a beta of 0.65. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.78 and a quick ratio of 1.59.

In other news, EVP Michael Irizarry sold 20,957 shares of the company’s stock in a transaction that occurred on Tuesday, April 5th. The stock was sold at an average price of $31.05, for a total transaction of $650,714.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director J Samuel Crowley sold 2,752 shares of the company’s stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of $30.56, for a total value of $84,101.12. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in United States Cellular by 163.1% during the second quarter. Royal Bank of Canada now owns 1,913 shares of the Wireless communications provider’s stock worth $69,000 after buying an additional 1,186 shares in the last quarter. Citigroup Inc. grew its holdings in United States Cellular by 14.9% during the fourth quarter. Citigroup Inc. now owns 6,184 shares of the Wireless communications provider’s stock worth $195,000 after buying an additional 804 shares in the last quarter. Zacks Investment Management bought a new stake in United States Cellular during the fourth quarter worth $202,000. BNP Paribas Arbitrage SA grew its holdings in United States Cellular by 200.8% during the third quarter. BNP Paribas Arbitrage SA now owns 10,315 shares of the Wireless communications provider’s stock worth $329,000 after buying an additional 6,886 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in United States Cellular by 8.4% during the fourth quarter. Legal & General Group Plc now owns 14,183 shares of the Wireless communications provider’s stock worth $447,000 after buying an additional 1,101 shares in the last quarter. Institutional investors and hedge funds own 16.89% of the company’s stock.

Several brokerages have issued reports on USM. Raymond James dropped their price target on United States Cellular from $43.00 to $40.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, February 22nd. StockNews.com began coverage on United States Cellular in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley lowered United States Cellular from an “overweight” rating to an “equal weight” rating and set a $37.00 price target on the stock. in a research note on Tuesday, April 19th. Finally, Wells Fargo & Company dropped their price target on United States Cellular from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $38.14.

United States Cellular Company Profile (Get Rating)

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides devices, such as smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and internet of things devices.

See Also

Earnings History for United States Cellular (NYSE:USM)

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