Millicom International Cellular (TIGO) to Release Earnings on Thursday

Millicom International Cellular (NASDAQ:TIGO) is scheduled to release its earnings data before the market opens on Thursday, November 7th. Analysts expect Millicom International Cellular to post earnings of $0.68 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Millicom International Cellular (NASDAQ:TIGO) last released its earnings results on Friday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.05). The business had revenue of $1.46 billion for the quarter. Millicom International Cellular had a return on equity of 2.91% and a net margin of 1.83%. During the same quarter in the previous year, the business earned ($0.13) EPS. On average, analysts expect Millicom International Cellular to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Millicom International Cellular Stock Performance

Shares of NASDAQ:TIGO opened at $27.80 on Thursday. The firm has a market capitalization of $2.83 billion, a PE ratio of 556.00 and a beta of 1.23. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.66 and a quick ratio of 0.64. The business has a 50-day moving average of $27.04 and a two-hundred day moving average of $24.87. Millicom International Cellular has a 12 month low of $15.53 and a 12 month high of $28.75.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Scotiabank upgraded Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $30.00 to $37.30 in a research note on Friday, September 20th. UBS Group upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and upped their price target for the stock from $25.00 to $33.00 in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. assumed coverage on Millicom International Cellular in a research note on Friday, September 6th. They set an “overweight” rating and a $35.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.66.

About Millicom International Cellular

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.