Brokerages expect United States Cellular Corp (NYSE:USM) to report $948.77 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for United States Cellular’s earnings. The highest sales estimate is $969.49 million and the lowest is $936.50 million. United States Cellular posted sales of $936.00 million in the same quarter last year, which suggests a positive year over year growth rate of 1.4%. The firm is expected to announce its next earnings results on Friday, May 4th.
According to Zacks, analysts expect that United States Cellular will report full year sales of $948.77 million for the current year, with estimates ranging from $3.90 billion to $3.96 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.96 billion per share, with estimates ranging from $3.90 billion to $4.04 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for United States Cellular.
United States Cellular (NYSE:USM) last announced its quarterly earnings results on Friday, February 23rd. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.13. United States Cellular had a return on equity of 1.22% and a net margin of 0.31%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the firm posted ($0.07) EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis.
USM has been the subject of a number of analyst reports. ValuEngine lowered United States Cellular from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded United States Cellular from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Tuesday, February 27th.
In other news, SVP Edward Perez sold 1,844 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $39.92, for a total value of $73,612.48. Following the sale, the senior vice president now owns 7,845 shares of the company’s stock, valued at approximately $313,172.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Northern Trust Corp raised its stake in shares of United States Cellular by 0.6% in the 2nd quarter. Northern Trust Corp now owns 97,485 shares of the Wireless communications provider’s stock worth $3,734,000 after buying an additional 564 shares in the last quarter. Aperio Group LLC raised its stake in shares of United States Cellular by 11.4% in the 4th quarter. Aperio Group LLC now owns 23,966 shares of the Wireless communications provider’s stock worth $902,000 after buying an additional 2,454 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of United States Cellular by 4.5% in the 4th quarter. California Public Employees Retirement System now owns 80,039 shares of the Wireless communications provider’s stock worth $3,012,000 after buying an additional 3,448 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of United States Cellular by 34.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 14,200 shares of the Wireless communications provider’s stock worth $534,000 after buying an additional 3,600 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of United States Cellular by 145.2% in the 3rd quarter. Wells Fargo & Company MN now owns 8,423 shares of the Wireless communications provider’s stock worth $298,000 after buying an additional 4,988 shares in the last quarter. 14.77% of the stock is currently owned by institutional investors.
Shares of United States Cellular (NYSE USM) traded down $0.71 during mid-day trading on Friday, reaching $40.20. The company’s stock had a trading volume of 124,855 shares, compared to its average volume of 139,126. The company has a quick ratio of 1.83, a current ratio of 2.02 and a debt-to-equity ratio of 0.44. United States Cellular has a one year low of $32.06 and a one year high of $41.41. The firm has a market cap of $3,590.33, a price-to-earnings ratio of 335.00, a PEG ratio of 58.20 and a beta of 0.51.
TRADEMARK VIOLATION NOTICE: “United States Cellular Corp (USM) Expected to Announce Quarterly Sales of $948.77 Million” was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.thelincolnianonline.com/2018/03/22/united-states-cellular-corp-usm-expected-to-announce-quarterly-sales-of-948-77-million.html.
About United States Cellular
United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for United States Cellular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Cellular and related companies with MarketBeat.com's FREE daily email newsletter.