$0.42 Earnings Per Share Expected for United States Cellular Corp (NYSE:USM) This Quarter

Equities analysts expect United States Cellular Corp (NYSE:USM) to report earnings of $0.42 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for United States Cellular’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.35. United States Cellular reported earnings of $0.47 per share during the same quarter last year, which indicates a negative year over year growth rate of 10.6%. The firm is scheduled to report its next quarterly earnings results on Friday, August 2nd.

According to Zacks, analysts expect that United States Cellular will report full-year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.06 to $1.83. For the next year, analysts expect that the firm will post earnings of $1.57 per share, with EPS estimates ranging from $1.06 to $2.19. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for United States Cellular.

United States Cellular (NYSE:USM) last issued its earnings results on Thursday, May 2nd. The Wireless communications provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.16. The company had revenue of $966.00 million during the quarter, compared to analyst estimates of $980.16 million. United States Cellular had a net margin of 4.01% and a return on equity of 3.76%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS.



A number of equities research analysts have issued reports on the stock. Morgan Stanley raised shares of United States Cellular from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $44.00 to $64.50 in a research note on Tuesday, June 18th. Raymond James decreased their target price on shares of United States Cellular from $56.00 to $53.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Zacks Investment Research raised shares of United States Cellular from a “strong sell” rating to a “hold” rating in a research note on Friday, April 26th. Finally, B. Riley set a $50.00 target price on shares of United States Cellular and gave the company a “hold” rating in a research note on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. United States Cellular presently has an average rating of “Buy” and an average target price of $54.25.

In related news, EVP Deirdre Drake sold 6,530 shares of United States Cellular stock in a transaction on Monday, April 15th. The shares were sold at an average price of $46.59, for a total value of $304,232.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kenneth R. Meyers sold 30,000 shares of United States Cellular stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $44.05, for a total transaction of $1,321,500.00. Following the completion of the sale, the insider now directly owns 100,632 shares of the company’s stock, valued at approximately $4,432,839.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,721 shares of company stock valued at $3,148,600. 0.62% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in USM. Neuburgh Advisers LLC increased its position in shares of United States Cellular by 154.8% during the first quarter. Neuburgh Advisers LLC now owns 42,364 shares of the Wireless communications provider’s stock worth $1,945,000 after acquiring an additional 25,738 shares in the last quarter. Tyers Asset Management LLC increased its position in shares of United States Cellular by 154.8% during the first quarter. Tyers Asset Management LLC now owns 27,412 shares of the Wireless communications provider’s stock worth $1,259,000 after acquiring an additional 16,654 shares in the last quarter. AJO LP increased its position in shares of United States Cellular by 20.2% during the first quarter. AJO LP now owns 504,217 shares of the Wireless communications provider’s stock worth $23,149,000 after acquiring an additional 84,900 shares in the last quarter. NumerixS Investment Technologies Inc increased its position in shares of 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 acquiring an additional 3,500 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of United States Cellular by 80.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,880 shares of the Wireless communications provider’s stock worth $680,000 after acquiring an additional 6,625 shares in the last quarter. 16.91% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:USM traded down $0.53 during trading on Tuesday, reaching $47.22. 3,550 shares of the company traded hands, compared to its average volume of 182,823. The company has a fifty day simple moving average of $46.16. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 35.60 and a beta of 0.73. United States Cellular has a 1-year low of $32.33 and a 1-year high of $59.74. The company has a current ratio of 2.29, a quick ratio of 2.10 and a debt-to-equity ratio of 0.59.

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.

Further Reading: Buy Rating

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Earnings History and Estimates for United States Cellular (NYSE:USM)

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