T-Mobile US, Inc. (NASDAQ:TMUS) Plans Quarterly Dividend of $0.88

T-Mobile US, Inc. (NASDAQ:TMUS) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Investors of record on Friday, May 30th will be paid a dividend of 0.88 per share by the Wireless communications provider on Sunday, June 22nd. This represents a $3.52 dividend on an annualized basis and a yield of 1.42%.

T-Mobile US has a payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect T-Mobile US to earn $12.05 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 21.6%.

T-Mobile US Stock Up 2.0 %

NASDAQ TMUS opened at $247.17 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US has a fifty-two week low of $158.84 and a fifty-two week high of $248.15. The stock has a market capitalization of $286.84 billion, a PE ratio of 25.56, a PEG ratio of 1.38 and a beta of 0.56. The business has a fifty day moving average price of $225.95 and a two-hundred day moving average price of $214.72.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Equities analysts expect that T-Mobile US will post 10.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on TMUS shares. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Morgan Stanley began coverage on T-Mobile US in a report on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price for the company. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Oppenheimer upped their price objective on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Benchmark reiterated a “buy” rating and set a $255.00 target price on shares of T-Mobile US in a research report on Tuesday, January 28th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $251.79.

Insiders Place Their Bets

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $246.00, for a total transaction of $246,000.00. Following the transaction, the director now directly owns 4,021 shares in the company, valued at $989,166. This trade represents a 19.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,100 shares of company stock worth $5,501,978. 0.67% of the stock is owned by corporate insiders.

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.