Equities analysts expect United States Cellular Corp (NYSE:USM) to post $1.01 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided 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 $995.30 million. United States Cellular reported sales of $974.00 million during the same quarter last year, which indicates a positive year over year growth rate of 3.7%. The company is expected to issue its next earnings results on Friday, August 2nd.
According to Zacks, analysts expect that United States Cellular will report full year sales of $4.09 billion for the current financial year, with estimates ranging from $4.05 billion to $4.18 billion. For the next financial year, analysts anticipate that the firm will post sales of $4.19 billion, with estimates ranging from $4.14 billion to $4.32 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow United States Cellular.
United States Cellular (NYSE:USM) last issued its quarterly earnings results on Thursday, May 2nd. The Wireless communications provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.16. The company had revenue of $966.00 million during the quarter, compared to analysts’ expectations of $980.16 million. United States Cellular had a net margin of 4.01% and a return on equity of 3.76%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS.
Several equities analysts have recently weighed in on USM shares. Raymond James reaffirmed an “average” rating on shares of PPL in a research note on Monday, May 6th. ValuEngine raised shares of Vistra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd. Zacks Investment Research cut shares of Heritage Insurance from a “hold” rating to a “strong sell” rating in a research note on Friday, April 26th. Finally, Morgan Stanley raised their price target on shares of Kimberly Clark from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $56.50.
In related news, EVP Steven T. Campbell sold 4,703 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $48.17, for a total value of $226,543.51. Following the completion of the transaction, the executive vice president now directly owns 23,935 shares of the company’s stock, valued at $1,152,948.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Irizarry sold 12,696 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $48.02, for a total transaction of $609,661.92. The disclosure for this sale can be found here. Insiders have sold a total of 105,942 shares of company stock valued at $4,953,742 over the last ninety days. Company insiders own 0.62% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. grew its stake in shares of United States Cellular by 325.2% in the fourth quarter. Advisor Group Inc. now owns 523 shares of the Wireless communications provider’s stock valued at $27,000 after buying an additional 400 shares in the last quarter. Twin Tree Management LP bought a new position in United States Cellular during the first quarter worth $53,000. State of Alaska Department of Revenue boosted its position in United States Cellular by 48.8% during the first quarter. State of Alaska Department of Revenue now owns 2,073 shares of the Wireless communications provider’s stock worth $94,000 after purchasing an additional 680 shares during the period. NumerixS Investment Technologies Inc boosted its position in United States Cellular by 3,500.0% during the first quarter. NumerixS Investment Technologies Inc now owns 3,600 shares of the Wireless communications provider’s stock worth $164,000 after purchasing an additional 3,500 shares during the period. Finally, Menta Capital LLC bought a new position in United States Cellular during the fourth quarter worth $215,000. 16.92% of the stock is owned by institutional investors and hedge funds.
Shares of USM traded up $0.40 during mid-day trading on Friday, hitting $47.10. 129,442 shares of the company’s stock were exchanged, compared to its average volume of 226,061. The firm has a market capitalization of $4.04 billion, a P/E ratio of 27.38, a PEG ratio of 34.47 and a beta of 0.72. United States Cellular has a 52 week low of $32.33 and a 52 week high of $59.74. The stock has a 50-day moving average of $45.92. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.10 and a current ratio of 2.29.
About United States Cellular
United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.
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