United States Cellular (NYSE:USM - Get Free Report) announced its earnings results on Friday. The Wireless communications provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.09, Briefing.com reports. United States Cellular had a net margin of 1.88% and a return on equity of 1.55%. The company had revenue of $922.00 million during the quarter, compared to analyst estimates of $940.40 million. During the same quarter last year, the firm posted $0.26 earnings per share. United States Cellular's revenue was down 4.3% compared to the same quarter last year.
United States Cellular Trading Down 6.8 %
NYSE USM traded down $4.21 on Friday, reaching $57.49. The stock had a trading volume of 397,807 shares, compared to its average volume of 142,034. The company has a quick ratio of 1.39, a current ratio of 1.55 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average price of $57.11 and a two-hundred day moving average price of $52.06. United States Cellular has a 12-month low of $32.01 and a 12-month high of $67.84. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 70.11 and a beta of 0.47.
Insider Transactions at United States Cellular
In related news, EVP Kevin R. Lowell sold 37,597 shares of the firm's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $49.34, for a total transaction of $1,855,035.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company's stock.
United States Cellular Company Profile
(
Get Free Report)
United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.
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