United States Cellular Corp (NYSE:USM) Expected to Post Earnings of $0.38 Per Share

Wall Street analysts expect that United States Cellular Corp (NYSE:USM) will announce earnings of $0.38 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for United States Cellular’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.25. United States Cellular reported earnings of $0.41 per share during the same quarter last year, which indicates a negative year over year growth rate of 7.3%. The business is scheduled to announce its next earnings results on Friday, November 1st.

On average, analysts expect that United States Cellular will report full-year earnings of $1.50 per share for the current financial year, with EPS estimates ranging from $1.19 to $1.79. For the next financial year, analysts forecast that the company will report earnings of $1.60 per share, with EPS estimates ranging from $1.17 to $2.36. Zacks’ EPS averages are an average based on a survey of analysts that cover United States Cellular.

United States Cellular (NYSE:USM) last announced its earnings results on Thursday, August 1st. The Wireless communications provider reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.06). The business had revenue of $973.00 million during the quarter, compared to the consensus estimate of $1.01 billion. United States Cellular had a net margin of 3.56% and a return on equity of 3.46%. The company’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS.



A number of equities research analysts have recently issued reports on USM shares. Morgan Stanley raised shares of United States Cellular from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $44.00 to $64.50 in a research report on Tuesday, June 18th. JPMorgan Chase & Co. raised shares of United States Cellular from an “underweight” rating to a “neutral” rating and set a $46.00 target price for the company in a research report on Monday, August 5th. ValuEngine cut shares of United States Cellular from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Co reduced their target price on shares of United States Cellular from $50.00 to $40.00 and set a “market perform” rating for the company in a research report on Tuesday, August 6th. Finally, B. Riley reduced their target price on shares of United States Cellular from $50.00 to $42.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. United States Cellular currently has a consensus rating of “Hold” and an average target price of $51.58.

In related news, insider Kenneth R. Meyers sold 30,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $47.07, for a total transaction of $1,412,100.00. Following the completion of the sale, the insider now owns 99,726 shares of the company’s stock, valued at $4,694,102.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kenneth R. Meyers sold 17,919 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $35.27, for a total transaction of $632,003.13. Following the sale, the chief executive officer now directly owns 67,852 shares of the company’s stock, valued at approximately $2,393,140.04. The disclosure for this sale can be found here. Insiders have sold 79,357 shares of company stock valued at $3,377,164 in the last ninety days. 0.62% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. O Shaughnessy Asset Management LLC raised its stake in 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. Tyers Asset Management LLC raised its stake in 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. Atria Investments LLC acquired a new position in United States Cellular during the second quarter worth about $14,501,000. Twin Tree Management LP acquired a new position in United States Cellular during the first quarter worth about $53,000. Finally, Riverhead Capital Management LLC raised its stake in United States Cellular by 8.9% during the second quarter. Riverhead Capital Management LLC now owns 33,900 shares of the Wireless communications provider’s stock worth $1,514,000 after acquiring an additional 2,771 shares in the last quarter. 18.18% of the stock is owned by hedge funds and other institutional investors.

Shares of United States Cellular stock traded up $0.20 during trading on Wednesday, reaching $37.81. The company’s stock had a trading volume of 109,422 shares, compared to its average volume of 231,231. The business’s 50-day moving average price is $36.42 and its 200-day moving average price is $44.10. The firm has a market cap of $3.26 billion, a PE ratio of 21.98, a P/E/G ratio of 24.56 and a beta of 0.83. United States Cellular has a 52 week low of $33.54 and a 52 week high of $59.74. The company has a quick ratio of 2.13, a current ratio of 2.32 and a debt-to-equity ratio of 0.59.

United States Cellular Company Profile

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

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