United States Cellular (NYSE:USM) Announces Earnings Results

United States Cellular (NYSE:USM) issued its earnings results on Friday. The Wireless communications provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.06), Briefing.com reports. The firm had revenue of $950.00 million during the quarter, compared to analyst estimates of $957.75 million. United States Cellular had a return on equity of 1.19% and a net margin of 1.41%. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 earnings per share.

United States Cellular Stock Down 8.5 %

NYSE:USM traded down $3.16 during mid-day trading on Friday, reaching $34.10. The stock had a trading volume of 760,769 shares, compared to its average volume of 187,181. The stock has a market cap of $2.90 billion, a P/E ratio of 55.00 and a beta of 0.45. The business’s 50 day moving average is $35.51 and its 200 day moving average is $39.79. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.33. United States Cellular has a fifty-two week low of $13.79 and a fifty-two week high of $48.47.

About United States Cellular

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.