United States Cellular (NYSE:USM) released its quarterly earnings results on Friday. The Wireless communications provider reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.13, Bloomberg Earnings reports. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. United States Cellular had a negative net margin of 6.93% and a positive return on equity of 0.94%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) earnings per share.
Shares of United States Cellular (USM) opened at $36.41 on Friday. The firm has a market cap of $3,094.85, a price-to-earnings ratio of 71.39, a P/E/G ratio of 134.85 and a beta of 0.60. United States Cellular has a fifty-two week low of $32.06 and a fifty-two week high of $45.75. The company has a quick ratio of 2.08, a current ratio of 2.23 and a debt-to-equity ratio of 0.48.
Several research firms recently weighed in on USM. ValuEngine cut shares of United States Cellular from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of United States Cellular from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a report on Monday, November 13th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $34.50.
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United States Cellular 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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