Brokerages Anticipate United States Cellular Corp (USM) Will Announce Quarterly Sales of $1.05 Billion

Posted by Joanna Charbonneau on Jan 11th, 2019 // No Comments

Wall Street brokerages expect United States Cellular Corp (NYSE:USM) to announce $1.05 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for United States Cellular’s earnings. The highest sales estimate is $1.06 billion and the lowest is $1.04 billion. United States Cellular reported sales of $1.03 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.9%. The company is expected to issue its next quarterly earnings results on Friday, February 22nd.

According to Zacks, analysts expect that United States Cellular will report full year sales of $3.97 billion for the current fiscal year, with estimates ranging from $3.95 billion to $3.98 billion. For the next fiscal year, analysts expect that the business will post sales of $4.03 billion, with estimates ranging from $3.99 billion to $4.06 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow United States Cellular.

United States Cellular (NYSE:USM) last announced its quarterly earnings data on Friday, November 2nd. The Wireless communications provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.17. United States Cellular had a return on equity of 3.05% and a net margin of 10.21%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $993.91 million. During the same period last year, the company posted $0.11 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year.

A number of research firms have recently weighed in on USM. Zacks Investment Research downgraded United States Cellular from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 8th. ValuEngine raised United States Cellular from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 21st. B. Riley set a $53.00 price target on United States Cellular and gave the stock a “hold” rating in a research note on Tuesday, November 6th. Finally, Raymond James raised their price target on United States Cellular from $43.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. United States Cellular presently has an average rating of “Buy” and an average target price of $51.00.

Shares of NYSE USM opened at $57.38 on Friday. United States Cellular has a one year low of $32.06 and a one year high of $58.44. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 98.93, a price-to-earnings-growth ratio of 37.71 and a beta of 0.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.71 and a quick ratio of 2.53.

In related news, CEO Kenneth R. Meyers sold 12,614 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $56.70, for a total value of $715,213.80. Following the transaction, the chief executive officer now directly owns 126,947 shares of the company’s stock, valued at approximately $7,197,894.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kenneth R. Meyers sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $57.11, for a total value of $1,998,850.00. Following the completion of the transaction, the insider now directly owns 126,947 shares in the company, valued at $7,249,943.17. The disclosure for this sale can be found here. Insiders sold a total of 92,859 shares of company stock worth $5,129,080 over the last three months. 1.90% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of USM. United Services Automobile Association acquired a new stake in United States Cellular in the 3rd quarter valued at approximately $215,000. Capital Fund Management S.A. acquired a new stake in United States Cellular in the 2nd quarter valued at approximately $222,000. GSA Capital Partners LLP acquired a new stake in United States Cellular in the 2nd quarter valued at approximately $265,000. Sei Investments Co. grew its holdings in United States Cellular by 980.9% in the 2nd quarter. Sei Investments Co. now owns 7,588 shares of the Wireless communications provider’s stock valued at $281,000 after buying an additional 6,886 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in United States Cellular in the 3rd quarter valued at approximately $285,000. 16.12% of the stock is currently owned by institutional investors and hedge funds.

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.

Brokerages Anticipate United States Cellular Corp (USM) Will Announce Quarterly Sales of $1.05 Billion

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