United States Cellular (USM) Set to Announce Earnings on Friday

United States Cellular (NYSE:USM) is scheduled to announce its earnings results before the market opens on Friday, August 2nd. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

United States Cellular (NYSE:USM) last released its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). The company had revenue of $950.00 million for the quarter, compared to analysts’ expectations of $957.75 million. United States Cellular had a return on equity of 1.30% and a net margin of 1.55%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS. On average, analysts expect United States Cellular to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

United States Cellular Stock Up 1.3 %

USM stock opened at $53.13 on Wednesday. The company has a market cap of $4.52 billion, a P/E ratio of 79.30 and a beta of 0.53. United States Cellular has a 52 week low of $16.95 and a 52 week high of $60.14. The company’s 50-day moving average price is $53.72 and its 200 day moving average price is $43.75. The company has a current ratio of 1.67, a quick ratio of 1.46 and a debt-to-equity ratio of 0.65.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of United States Cellular from $51.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th. Wells Fargo & Company upgraded shares of United States Cellular from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $38.00 to $75.00 in a research report on Thursday, May 30th.

About United States Cellular

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.