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Mobile US (TMUS) Set to Announce Quarterly Earnings on Thursday
Posted On Jul 30 2015
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T-Mobile US Inc’s quarterly revenue rose about 14 percent as aggressive pricing helped the company win more customers.
The financial give-and-take resulted in a slight dip in net income, which dropped from $391 million last year, or a return of 48 cents per share, to $361 million this year, or a return of 42 cents per share. Analysts’ expectations were revenue of $8.0 billion and earnings of 19 cents per share.
The company added an additional 2.1 million customers in the second quarter of this year, as said by its preliminary second quarter results.
At the end of the first half of 2015, T-Mobile had $2,642 million of cash and $16,772 million of debt outstanding against $5,315 million of cash and $16,360 million of outstanding debt at end-2014. Jefferies Group restated a “buy” rating and set a $45.00 target price (up previously from $41.00) on shares of T-Mobile US in a research report on Friday, July 10th.
Analysts surveyed by Bloomberg had estimated T-Mobile would post a profit of $110.5 million, or 13 cents a share.
T-Mobile ranked highest in the J.D. That’s up slightly from Q1 2015’s churn of 1.30 percent, but down year over year from Q2 2014’s 1.48 percent churn. The company has a market cap of $29,580 million and there are 810,415,000 shares in outstanding. Adjusted EBITDA was $1,817 million, up 25.2% year over year. T-Mobile US Inc (TMUS) reported last quarter earnings on April 28. Branded postpaid phone customer was 27.595 million, up 16.8%. And this also returns them to a positive sequential growth. Meanwhile, Wideband LTE is available in 212 markets, a number that’s expected to grow to more than 250 by the end of 2015. Management maintained their target of between $6.8 billion and $7.2 billion in adjusted EBTA. With 100% of their network spectrum being re-farmed.
Finally, T-Mobile says that its increasing its prediction for branded postpaid net customer adds for all of 2015. All of Metro’s spectrum has now been reformed and integrated into T-Mobile’s network.
T-Mobile CEO John Legere must be doing something right because things haven’t looked better for the Un-carrier. Segment wise, total Service revenues were up 12% year-over-year to $6,144 million.
