T-Mobile US (NASDAQ:TMUS) Shares Gap Up Following Earnings Beat

T-Mobile US, Inc. (NASDAQ:TMUS) shares gapped up before the market opened on Wednesday after the company announced better than expected quarterly earnings. 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 traded.

The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.46%. T-Mobile US’s dividend payout ratio is currently 40.14%.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. TD Cowen boosted their target price on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Sanford C. Bernstein assumed coverage on T-Mobile US in a research note on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target for the company. Royal Bank of Canada cut T-Mobile US from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $255.00 to $240.00 in a research note on Monday, January 6th. Finally, Oppenheimer increased their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research 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 issued a strong buy rating to the company. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $245.74.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the sale, the director now directly owns 1,441,204 shares of the company’s stock, valued at approximately $323,262,057.20. The trade was a 7.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andre Almeida bought 3,808 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was purchased at an average cost of $235.72 per share, with a total value of $897,621.76. Following the completion of the acquisition, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 144,200 shares of company stock valued at $32,736,303. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. KPP Advisory Services LLC lifted its position in shares of T-Mobile US by 2.6% in the third quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock valued at $360,000 after acquiring an additional 45 shares in the last quarter. DT Investment Partners LLC boosted its stake in 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 purchasing an additional 47 shares during the period. D Orazio & Associates Inc. grew its holdings in T-Mobile US by 3.7% during the 4th quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider’s stock valued at $290,000 after buying an additional 47 shares in the last quarter. Relyea Zuckerberg Hanson LLC lifted its position in shares of T-Mobile US by 3.9% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider’s stock worth $284,000 after buying an additional 48 shares in the last quarter. Finally, Old North State Trust LLC grew its holdings in T-Mobile US by 1.4% during the 3rd quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock valued at $751,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

The stock has a market capitalization of $279.57 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.08 and a beta of 0.56. The business’s fifty day moving average is $226.37 and its two-hundred day moving average is $212.66. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

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.