United States Cellular (NYSE:USM – Get Free Report) issued its quarterly earnings results on Friday. The Wireless communications provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.14 by $0.06, Briefing.com reports. United States Cellular had a net margin of 1.55% and a return on equity of 1.30%. The company had revenue of $927.00 million during the quarter, compared to analysts’ expectations of $924.96 million. During the same quarter last year, the company posted $0.05 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year.
United States Cellular Stock Down 4.6 %
NYSE USM traded down $2.37 on Monday, hitting $49.13. 273,043 shares of the stock traded hands, compared to its average volume of 272,284. The stock has a 50-day moving average of $54.32 and a 200 day moving average of $43.98. United States Cellular has a twelve month low of $30.94 and a twelve month high of $60.14. The company has a market capitalization of $4.18 billion, a P/E ratio of 72.85 and a beta of 0.53. The company has a current ratio of 1.67, a quick ratio of 1.46 and a debt-to-equity ratio of 0.65.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on USM. Wells Fargo & Company raised shares of United States Cellular from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $38.00 to $75.00 in a research report on Thursday, May 30th. JPMorgan Chase & Co. lifted their price target on United States Cellular from $51.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, May 29th.
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.
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