United States Cellular Corporation (USM) to Release Earnings on Thursday
United States Cellular Corporation (NYSE:USM) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 2nd. Analysts expect United States Cellular Corporation to post earnings of $0.04 per share for the quarter.
United States Cellular Corporation (NYSE:USM) last posted its quarterly earnings data on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). United States Cellular Corporation had a return on equity of 1.12% and a net margin of 1.26%. The company had revenue of $963.00 million for the quarter, compared to the consensus estimate of $949.43 million. During the same period in the prior year, the firm posted $0.32 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. On average, analysts expect United States Cellular Corporation to post $0.34 EPS for the current fiscal year and $0.14 EPS for the next fiscal year.
Shares of United States Cellular Corporation (USM) opened at 36.13 on Tuesday. The stock’s 50 day moving average is $36.13 and its 200-day moving average is $37.98. The company has a market capitalization of $3.08 billion, a P/E ratio of 63.16 and a beta of 0.81. United States Cellular Corporation has a 12-month low of $33.30 and a 12-month high of $46.01.
A number of brokerages recently weighed in on USM. BidaskClub lowered shares of United States Cellular Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $37.33.
In other United States Cellular Corporation news, EVP Steven T. Campbell sold 18,292 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $39.95, for a total transaction of $730,765.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.
United States Cellular Corporation Company Profile
United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.
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