Analysts predict that United States Cellular Co. (NYSE: USM – Get Rating) will report $ 1.02 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for United States Cellular’s earnings, with the highest sales estimate coming in at $ 1.03 billion and the lowest estimate coming in at $ 1.01 billion. United States Cellular posted sales of $ 1.01 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 1%. The company is scheduled to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that United States Cellular will report full-year sales of $ 4.13 billion for the current fiscal year, with estimates ranging from $ 4.07 billion to $ 4.18 billion. For the next financial year, analysts expect that the company will post sales of $ 4.16 billion, with estimates ranging from $ 4.12 billion to $ 4.21 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover United States Cellular.
United States Cellular (NYSE: USM – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The Wireless communications provider 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 net margin of 3.53% and a return on equity of 3.19%. The business had revenue of $ 1.01 billion for the quarter, compared to analyst estimates of $ 1.04 billion. During the same quarter last year, the business posted $ 0.69 EPS. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis.
A number of equities analysts have recently commented on USM shares. Raymond James lowered their price target on United States Cellular from $ 43.00 to $ 40.00 and set a “strong-buy” rating for the company in a report on Tuesday, February 22nd. StockNews.com started coverage on shares of United States Cellular in a report on Thursday, March 31st. They issued a “hold” rating for the company. Morgan Stanley lowered shares of United States Cellular from an “overweight” rating to an “equal weight” rating and set a $ 37.00 price target on the stock. in a report on Tuesday, April 19th. Zacks Investment Research raised shares of United States Cellular from a “strong sell” rating to a “hold” rating and set a $ 31.00 price objective for the company in a research note on Wednesday. Finally, Wells Fargo & Company decreased their target price on shares of 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $ 35.40.
In other news, Director J Samuel Crowley sold 2,752 shares of the company’s stock in a transaction on Friday, March 25th. The shares were sold at an average price of $ 30.56, for a total value of $ 84,101.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ronald E. Daly sold 3,359 shares of United States Cellular stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $ 28.97, for a total transaction of $ 97,310.23. Following the transaction, the director now directly owns 6,734 shares of the company’s stock, valued at approximately $ 195,083.98. The disclosure for this sale can be found here. Insiders have sold 27,068 shares of company stock valued at $ 832,126 in the last ninety days. Insiders own 0.23% of the company’s stock.
Several large investors have recently made changes to their positions in the company. CWM LLC boosted its stake in United States Cellular by 101.2% during the first quarter. CWM LLC now owns 823 shares of the Wireless communications provider’s stock worth $ 25,000 after acquiring an additional 414 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of United States Cellular during the third quarter valued at about $ 35,000. Royal Bank of Canada raised its holdings in shares of 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 valued at $ 69,000 after purchasing an additional 1,186 shares during the period. Citigroup Inc. boosted its position in shares of United States Cellular by 8.3% during the 3rd quarter. Citigroup Inc. now owns 5,380 shares of the Wireless communications provider’s stock worth $ 172,000 after purchasing an additional 411 shares in the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of United States Cellular in the 4th quarter valued at about $ 202,000. 16.37% of the stock is currently owned by institutional investors.
Shares of USM stock opened at $ 28.79 on Friday. United States Cellular has a fifty-two week low of $ 25.44 and a fifty-two week high of $ 39.96. The stock’s fifty day moving average price is $ 30.28 and its two-hundred day moving average price is $ 30.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.59 and a current ratio of 1.78. The company 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 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.
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