T-Mobile US FY2024 EPS Estimate Increased by Zacks Research

T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) - Zacks Research raised their FY2024 earnings per share (EPS) estimates for shares of T-Mobile US in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst A. Chatterjee now forecasts that the Wireless communications provider will post earnings per share of $9.16 for the year, up from their previous estimate of $9.04. The consensus estimate for T-Mobile US's current full-year earnings is $9.36 per share. Zacks Research also issued estimates for T-Mobile US's Q4 2024 earnings at $2.06 EPS, Q1 2025 earnings at $2.56 EPS and Q3 2025 earnings at $2.53 EPS.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business's revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.82 earnings per share.

TMUS has been the topic of a number of other reports. TD Cowen lifted their price objective on T-Mobile US from $216.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Morgan Stanley upped their price target on T-Mobile US from $209.00 to $239.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. Daiwa America raised T-Mobile US to a "hold" rating in a report on Friday, October 25th. StockNews.com raised shares of T-Mobile US from a "hold" rating to a "buy" rating in a report on Tuesday, July 30th. Finally, Barclays lifted their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $241.83.

T-Mobile US Price Performance

NASDAQ TMUS traded down $2.14 on Friday, reaching $235.61. The company's stock had a trading volume of 3,939,953 shares, compared to its average volume of 4,440,809. T-Mobile US has a 52 week low of $147.07 and a 52 week high of $242.43. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The firm has a market cap of $273.42 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 1.23 and a beta of 0.50. The business has a 50-day moving average price of $215.03 and a 200 day moving average price of $191.94.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. DT Investment Partners LLC boosted its stake in shares of T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 47 shares during the last quarter. Dunhill Financial LLC boosted its position in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. MFA Wealth Advisors LLC boosted its position in T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 77 shares during the last quarter. WASHINGTON TRUST Co grew its stake in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. Finally, Y.D. More Investments Ltd acquired a new position in shares of T-Mobile US during the 2nd quarter worth approximately $27,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity

In related news, CEO G Michael Sievert sold 20,000 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the transaction, the chief executive officer now directly owns 378,124 shares of the company's stock, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raul Marcelo Claure sold 9,586 shares of the company's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total value of $1,888,058.56. Following the transaction, the director now directly owns 1,940,792 shares of the company's stock, valued at $382,258,392.32. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 464,924 shares of company stock valued at $97,427,925 in the last quarter. Company insiders own 0.67% of the company's stock.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. This is a boost from T-Mobile US's previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US's dividend payout ratio (DPR) is currently 29.65%.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.