T-Mobile US (NASDAQ:TMUS) Shares Gap Up After Better-Than-Expected Earnings

T-Mobile US, Inc. (NASDAQ:TMUS) gapped up before the market opened on Wednesday following a better than expected earnings announcement. The stock had previously closed at $221.14, but opened at $238.00. T-Mobile US shares last traded at $240.07, with a volume of 1,815,254 shares.

The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.50%. T-Mobile US’s dividend payout ratio is presently 40.14%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Benchmark reissued a “buy” rating and set a $255.00 target price on shares of T-Mobile US in a research report on Tuesday. Raymond James cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Wells Fargo & Company lifted their price objective on shares of T-Mobile US from $220.00 to $235.00 and gave the company an “equal weight” rating in a report on Thursday. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Finally, TD Cowen lifted their price objective on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $248.89.

Insiders Place Their Bets

In related news, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now owns 5,653 shares in the company, valued at $1,306,295.24. This represents a 16.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 110,000 shares of T-Mobile US stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the transaction, the director now owns 1,441,204 shares in the company, valued at $323,262,057.20. This trade represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,200 shares of company stock worth $32,736,303 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Institutional investors have recently modified their holdings of the company. JSF Financial LLC raised its position in shares of T-Mobile US by 0.9% during the 4th quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider’s stock worth $1,117,000 after purchasing an additional 44 shares during the last quarter. KPP Advisory Services LLC increased its position in T-Mobile US by 2.6% during the third quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock worth $360,000 after purchasing an additional 45 shares during the last quarter. DT Investment Partners LLC raised its position in shares of T-Mobile US by 65.3% in 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 period. D Orazio & Associates Inc. raised its holdings in shares of T-Mobile US by 3.7% in the 4th quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider’s stock worth $290,000 after purchasing an additional 47 shares during the period. Finally, Warren Street Wealth Advisors LLC lifted its position in T-Mobile US by 4.3% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider’s stock valued at $252,000 after buying an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 0.3 %

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 stock has a market capitalization of $271.98 billion, a PE ratio of 26.72, a PEG ratio of 1.08 and a beta of 0.56. The business’s 50-day moving average is $226.37 and its two-hundred day moving average is $212.82.

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.