Analysts predict that United States Cellular Co. (NYSE:USM – Get Rating) will report $1.02 billion in gross sales for the present fiscal quarter, Zacks Investment Research stories. Three analysts have made estimates for United States Cellular’s earnings, with the very best gross sales estimate coming in at $1.03 billion and the bottom estimate coming in at $1.01 billion. United States Cellular posted gross sales of $1.01 billion throughout the identical quarter final 12 months, which suggests a optimistic year-over-year development charge of 1%. The firm is scheduled to situation its subsequent earnings outcomes on Monday, January 1st.
According to Zacks, analysts count on that United States Cellular will report full-year gross sales of $4.13 billion for the present fiscal 12 months, with estimates starting from $4.07 billion to $4.18 billion. For the subsequent monetary 12 months, analysts count on that the corporate will put up gross sales of $4.16 billion, with estimates starting from $4.12 billion to $4.21 billion. Zacks’ gross sales calculations are a median based mostly on a survey of sell-side analysis analysts that cowl United States Cellular.
United States Cellular (NYSE:USM – Get Rating) final posted its quarterly earnings outcomes on Thursday, May fifth. The Wireless communications supplier reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.12. United States Cellular had a web margin of 3.53% and a return on fairness of 3.19%. The enterprise had income of $1.01 billion for the quarter, in comparison with analyst estimates of $1.04 billion. During the identical quarter final 12 months, the enterprise posted $0.69 EPS. The agency’s income for the quarter was down 1.3% on a year-over-year foundation.
A quantity of equities analysts have lately commented on USM shares. Raymond James lowered their value goal on United States Cellular from $43.00 to $40.00 and set a “strong-buy” score for the corporate in a report on Tuesday, February twenty second. InventoryNews.com began protection on shares of United States Cellular in a report on Thursday, March thirty first. They issued a “hold” score for the corporate. Morgan Stanley lowered shares of United States Cellular from an “overweight” score to an “equal weight” score and set a $37.00 value goal on the inventory. in a report on Tuesday, April nineteenth. Zacks Investment Research raised shares of United States Cellular from a “strong sell” score to a “hold” score and set a $31.00 value goal for the corporate in a analysis observe on Wednesday. Finally, Wells Fargo & Company decreased their goal value on shares of United States Cellular from $36.00 to $33.00 and set an “overweight” score on the inventory in a analysis observe on Tuesday, February twenty second. One analysis analyst has rated the inventory with a promote score, three have assigned a maintain score, one has assigned a purchase score and one has given a robust purchase score to the corporate’s inventory. According to MarketBeat.com, the inventory presently has a consensus score of “Hold” and a consensus goal value of $35.40.
In different information, Director J Samuel Crowley offered 2,752 shares of the corporate’s inventory in a transaction on Friday, March twenty fifth. The shares have been offered at a median value of $30.56, for a complete worth of $84,101.12. The transaction was disclosed in a doc filed with the SEC, which is on the market by way of this hyperlink. Also, Director Ronald E. Daly offered 3,359 shares of United States Cellular inventory in a transaction on Thursday, May twelfth. The inventory was offered at a median value of $28.97, for a complete transaction of $97,310.23. Following the transaction, the director now straight owns 6,734 shares of the corporate’s inventory, valued at roughly $195,083.98. The disclosure for this sale will be discovered right here. Insiders have offered 27,068 shares of firm inventory valued at $832,126 within the final ninety days. Insiders personal 0.23% of the corporate’s inventory.
Several massive traders have lately made adjustments to their positions within the firm. CWM LLC boosted its stake in United States Cellular by 101.2% through the first quarter. CWM LLC now owns 823 shares of the Wireless communications supplier’s inventory price $25,000 after buying an extra 414 shares within the final quarter. Point72 Hong Kong Ltd acquired a brand new place in shares of United States Cellular through the third quarter valued at about $35,000. Royal Bank of Canada raised its holdings in shares of United States Cellular by 163.1% through the second quarter. Royal Bank of Canada now owns 1,913 shares of the Wireless communications supplier’s inventory valued at $69,000 after buying an extra 1,186 shares through the interval. Citigroup Inc. boosted its place in shares of United States Cellular by 8.3% through the third quarter. Citigroup Inc. now owns 5,380 shares of the Wireless communications supplier’s inventory price $172,000 after buying an extra 411 shares within the final quarter. Finally, Zacks Investment Management acquired a brand new stake in shares of United States Cellular within the 4th quarter valued at about $202,000. 16.37% of the inventory is presently owned by institutional traders.
Shares of USM inventory opened at $28.79 on Friday. United States Cellular has a fifty-two week low of $25.44 and a fifty-two week excessive of $39.96. The inventory’s fifty day transferring common value is $30.28 and its two-hundred day transferring common value is $30.69. The firm has a debt-to-equity ratio of 0.60, a fast ratio of 1.59 and a present ratio of 1.78. The firm has a market cap of $2.47 billion, a PE ratio of 17.45 and a beta of 0.64.
About United States Cellular (Get Rating)
United States Cellular Corporation offers wi-fi telecommunications companies within the United States. The firm gives wi-fi companies, together with voice, messaging, and information companies. It additionally offers gadgets, reminiscent of smartphones and different handsets, tablets, wearables, cell hotspots, routers, and web of issues gadgets.
Featured Stories
Get a free copy of the Zacks analysis report on United States Cellular (USM)
For extra details about analysis choices from Zacks Investment Research, go to Zacks.com
Receive News & Ratings for United States Cellular Daily – Enter your e mail deal with beneath to obtain a concise every day abstract of the most recent information and analysts’ rankings for United States Cellular and associated firms with MarketBeat.com’s FREE every day e mail e-newsletter.