Gabelli Comments on United States Cellular Corporation’s FY2018 Earnings (USM)

United States Cellular Corporation (NYSE:USM) – Equities researchers at Gabelli upped their FY2018 earnings per share (EPS) estimates for shares of United States Cellular Corporation in a report released on Monday. Gabelli analyst S. Dluzhevskiy now expects that the Wireless communications provider will earn $0.35 per share for the year, up from their prior estimate of $0.25. Gabelli also issued estimates for United States Cellular Corporation’s FY2019 earnings at $0.45 EPS.

Several other equities analysts have also commented on the company. Zacks Investment Research upgraded United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Thursday, October 5th. BidaskClub upgraded United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $36.67.

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United States Cellular Corporation (USM) traded up $0.53 during trading hours on Tuesday, hitting $33.48. The company’s stock had a trading volume of 175,000 shares, compared to its average volume of 101,860. United States Cellular Corporation has a 1 year low of $32.29 and a 1 year high of $46.01. The stock has a market cap of $2,804.44, a PE ratio of 84.49, a P/E/G ratio of 160.73 and a beta of 0.79. The company has a current ratio of 2.23, a quick ratio of 2.08 and a debt-to-equity ratio of 0.48.

United States Cellular Corporation (NYSE:USM) last released its quarterly earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.10. United States Cellular Corporation had a positive return on equity of 0.94% and a negative net margin of 6.93%. The firm had revenue of $963.00 million for the quarter, compared to analysts’ expectations of $968.80 million. During the same quarter last year, the firm posted $0.20 EPS. The company’s revenue was down 5.9% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USM. Citigroup Inc. lifted its holdings in United States Cellular Corporation by 2,940.5% in the 2nd quarter. Citigroup Inc. now owns 3,375 shares of the Wireless communications provider’s stock worth $130,000 after buying an additional 3,264 shares during the period. Sei Investments Co. lifted its stake in shares of United States Cellular Corporation by 22.6% in the 2nd quarter. Sei Investments Co. now owns 3,552 shares of the Wireless communications provider’s stock valued at $136,000 after purchasing an additional 655 shares during the period. MUFG Americas Holdings Corp purchased a new position in shares of United States Cellular Corporation in the 3rd quarter valued at approximately $218,000. Legal & General Group Plc lifted its stake in shares of United States Cellular Corporation by 183.9% in the 2nd quarter. Legal & General Group Plc now owns 6,280 shares of the Wireless communications provider’s stock valued at $241,000 after purchasing an additional 4,068 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of United States Cellular Corporation by 8.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,710 shares of the Wireless communications provider’s stock valued at $257,000 after purchasing an additional 515 shares during the period. Institutional investors and hedge funds own 14.54% of the company’s stock.

United States Cellular Corporation 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.

Earnings History and Estimates for United States Cellular Corporation (NYSE:USM)

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