T-Mobile US Inc (TMUS) Will Continue To Grow In 2024.

IPW

In the latest trading session, 0.66 million T-Mobile US Inc (NASDAQ:TMUS) shares changed hands as the company’s beta touched 0.51. With the company’s most recent per share price at $219.57 changing hands around $0.56 or 0.26% at last look, the market valuation stands at $256.19B. TMUS’s current price is a discount, trading about -1.98% off its 52-week high of $223.91. The share price had its 52-week low at $136.92, which suggests the last value was 37.64% up since then. When we look at T-Mobile US Inc’s average trading volume, we note the 10-day average is 3.26 million shares, with the 3-month average coming to 3.89 million.

Analysts gave the T-Mobile US Inc (TMUS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 0 out of 16 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended TMUS as a Hold, 15 felt it is a Buy and 0 rated the stock as Underweight. T-Mobile US Inc’s EPS for the current quarter is expected to be 2.42.

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T-Mobile US Inc (NASDAQ:TMUS) trade information

Instantly TMUS is in green as seen in intraday trades today. With action -0.09%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 36.95%, with the 5-day performance at -0.09% in the red. However, in the 30-day time frame, T-Mobile US Inc (NASDAQ:TMUS) is 9.00% up. Looking at the short shares, we see there were 13.91 million shares sold at short interest cover period of 3.28 days.

The consensus price target for the stock as assigned by Wall Street analysts is 200, meaning bulls need a downside of -9.78% from its recent market value. According to analyst projections, TMUS’s forecast low is 128 with 254 as the target high. To hit the forecast high, the stock’s price needs a -15.68% plunge from its current level, while the stock would need to tank 41.7% for it to hit the projected low.

T-Mobile US Inc (TMUS) estimates and forecasts

Data shows that the T-Mobile US Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 33.74% over the past 6 months, a 33.04% in annual growth rate that is considerably higher than the industry average of 4.80%. Year-over-year growth is forecast to reach 2.80% up from the last financial year.

Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of 20.01B. 17 analysts are of the opinion that T-Mobile US Inc’s revenue for the current quarter will be 21.37B. The company’s revenue for the corresponding quarters a year ago was 19.25B and 20.48B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 3.90%. The estimates for the next quarter sales put growth at 4.30%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 15.59%. The 2024 estimates are for T-Mobile US Inc earnings to increase by 34.37%, but the outlook for the next 5-year period is at 22.00% per year.

TMUS Dividends

T-Mobile US Inc is expected to release its next quarterly earnings report on 2024-Oct-23. The 1.18% annual yield figure for the share gives it an annual dividend of 2.60. It is important to note, however, that the 1.18% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

T-Mobile US Inc (NASDAQ:TMUS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 58.84% of T-Mobile US Inc shares while 40.07% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 97.36%. There are 40.07% institutions holding the T-Mobile US Inc stock share, with SOFTBANK GROUP CORP. the top institutional holder. As of 2024-06-30, the company held 7.2017% of the shares, roughly 85.36 million TMUS shares worth $15.04 billion.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 3.8263% or 45.35 million shares worth $7.99 billion as of 2024-06-30.

Among Mutual Funds, the top two as of Sep 30, 2024 were Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF and Vanguard Total Stock Market Index Fund. With 22.63 shares estimated at $4.98 billion under it, the former controlled 1.94% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.43% of the shares, roughly 16.66 shares worth around $3.67 billion.