T-Mobile US (NASDAQ:TMUS) Shares Gap Down – What’s Next?

T-Mobile US, Inc. (NASDAQ:TMUS) shares gapped down before the market opened on Wednesday. The stock had previously closed at $157.75, but opened at $151.55. T-Mobile US shares last traded at $154.8980, with a volume of 757,762 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Benchmark dropped their price objective on T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, July 24th. JPMorgan Chase & Co. lowered their target price on T-Mobile US from $275.00 to $260.00 and set an “overweight” rating for the company in a report on Monday, September 21st. Weiss Ratings restated a “hold (c)” rating on shares of T-Mobile US in a report on Friday, September 11th. Scotiabank dropped their target price on T-Mobile US from $217.00 to $212.00 and set a “sector outperform” rating for the company in a research report on Friday, October 9th. Finally, Royal Bank Of Canada cut their price target on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $244.65.

T-Mobile US Stock Performance

The firm has a market capitalization of $163.97 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 0.97 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The firm has a 50 day moving average price of $172.06 and a 200-day moving average price of $181.49.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. The firm had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. During the same period in the previous year, the firm posted $2.84 EPS. T-Mobile US’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 11.17 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be given a $1.17 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $4.68 dividend on an annualized basis and a yield of 3.1%. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s dividend payout ratio is 49.01%.

Insider Activity

In other news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the transaction, the chief accounting officer owned 35,118 shares in the company, valued at approximately $6,262,592.94. This trade represents a 2.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.32% of the company’s stock.

Institutional Trading of T-Mobile US

A number of large investors have recently made changes to their positions in the company. Essex Financial Services Inc. raised its holdings in shares of T-Mobile US by 3.5% in the 1st quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock valued at $326,000 after purchasing an additional 53 shares in the last quarter. Sachetta LLC increased its holdings in T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after buying an additional 55 shares during the last quarter. Legacy Wealth Asset Management LLC increased its holdings in T-Mobile US by 1.2% in the second quarter. Legacy Wealth Asset Management LLC now owns 4,844 shares of the Wireless communications provider’s stock valued at $812,000 after buying an additional 56 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in T-Mobile US by 2.6% in the first quarter. Harbor Investment Advisory LLC now owns 2,351 shares of the Wireless communications provider’s stock valued at $494,000 after buying an additional 60 shares during the last quarter. Finally, Heartland Bank & Trust Co increased its holdings in T-Mobile US by 3.5% in the first quarter. Heartland Bank & Trust Co now owns 1,841 shares of the Wireless communications provider’s stock valued at $387,000 after buying an additional 62 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Company Profile

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.

The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.