|Bid||53.80 x 4000|
|Ask||54.99 x 900|
|Day's Range||54.10 - 55.21|
|52 Week Range||43.97 - 55.21|
|PE Ratio (TTM)||7.27|
|Earnings Date||Oct 23, 2018|
|Forward Dividend & Yield||2.36 (4.31%)|
|1y Target Est||56.46|
The cover story in this weekend's Barron's examines how blockchain technology is beginning to show promise. Other featured articles include income picks from top advisors and five standout dividend picks. ...
For the first time, the investment company formerly known as Yahoo! has unloaded some of its core stock holdings. That juicy Alibaba portfolio remains untouched, though.
Charter Communications’ (CHTR) top line has been improving over the last few quarters. Charter’s total pro forma revenue rose ~4.8% YoY (year-over-year) to $10.9 billion in the second quarter, beating Wall Street’s expectation of $10.8 billion. This rise was primarily driven by ongoing growth in its residential and commercial units as it integrates its legacy Time Warner Cable and legacy Bright House Networks acquisitions.
Stocks reversed higher as hopeful news on the trade war with China sparked late gains, while the retail sector led the market. The Nasdaq erased a 0.7% loss to close 0.1% higher but a tad off its session highs.
There is life after net neutrality…for the biggest Internet Service Providers …which are also the biggest cable providers. The strategy of companies like AT&T (NYSE:T), Comcast (NASDAQ:CMCSA) and Verizon Communications (NYSE:VZ) are now clear. Bundle “free” programming in with Internet service, and then raise the price of the Internet service to compensate.
T-Mobile (TMUS) has been making efforts to attract more subscribers to strengthen its customer base. In Q2 2018, its net customer base increased 1.6 million, which was higher than the preceding quarter’s 1.4 million customer additions and 1.3 million customer additions in Q2 2017. T-Mobile’s potential merger with Sprint (S) is expected to build a customer base of ~127 million to compete with the top two US wireless carriers, Verizon (VZ) and AT&T (T), which have ~150 million and ~141 million subscribers, respectively.
U.S. equities soared on Thursday, reversing a two-week malaise, after Walmart (NYSE:WMT) reported solid results and headlines that China’s Vice Commerce Minister would visit the United States for trade talks in late August. Analysts are looking for earnings of $1.15-per-share on revenues of $10.9 billion.
Sprint (S) has been cutting its costs and reviving its profits in the wireless space. In fiscal 2017, it realized nearly $1.1 billion in net cost reductions, including lowering the cost of services and selling, general, and administrative expenses. In the fiscal first quarter, Sprint reduced by $100 million YoY (year-over-year) its combined operating expenditures across cost of services and selling, general, and administrative expenses, mainly due to lower wireline network expenses and lower bad debt and marketing expenses.
T-Mobile’s (TMUS) closing price on August 13 was $65.70 per share. Based on that closing price, T-Mobile has a market capitalization of ~$55.7 billion, the third-largest among all the major US wireless service providers. T-Mobile’s highest price in the last 52 weeks stands at $66.52 per share. Its lowest price in the last 52 weeks was $54.60 per share.
CenturyLink (CTL) has cast doubt over its participation in the upcoming airwaves auction in the United States. The FCC is planning to run two spectrum auctions starting in November. During its second-quarter earnings call, CenturyLink CEO Jeff Storey said that he had no plans to lead the company to a huge wireless spectrum purchase.
Verizon and our technology partner Nokia continue to advance the development and deployment of 5G technology by achieving another major 5G milestone: the first successful transmission of a 3GPP New Radio (NR) 5G signal to a receiver situated in a moving vehicle, seamlessly handing off the signal from one radio sector to another. The test took place at Nokia’s campus in Murray Hill NJ. In the test, a data transmission on 28 GHz spectrum was sent from two 5G NR radios on the Nokia building to a vehicle outfitted with a receiver and equipment to measure transmission statistics.
US wireless service provider T-Mobile (TMUS) posted adjusted EBITDA of ~$3.23 billion in the second quarter of 2018. It increased 9.4% sequentially from ~$2.96 billion and grew 7.3% YoY (year-over-year) from ~$3.01 billion. Its EBITDA margin was 41% in the second quarter. Adjusted EBITDA included lease revenues of $177 million compared to $234 million in Q2 2017.
As of August 13, T-Mobile’s (TMUS) market capitalization was ~$55.7 billion, making it the third-largest US mobile carrier in terms of market capitalization. In comparison, AT&T (T) had a market capitalization of ~$233.9 billion, Verizon’s (VZ) market capitalization was ~$215.8 billion, and Sprint’s (S) market capitalization was ~$24.7 billion.
For 21 consecutive quarters until the recently reported second quarter, T-Mobile (TMUS) has been gaining more than 1.0 million wireless customers. T-Mobile recently raised its 2018 postpaid customer growth guidance, saying it expects to add 3.0 million–3.6 million postpaid wireless customers this year. T-Mobile gained 1.0 million postpaid customers in the second quarter, including 686,000 postpaid phone customers.
T-Mobile (TMUS) generated total revenues of $10.6 billion in the second quarter of 2018, which missed analysts’ expectation of $10.66 billion by 0.8%. The company’s revenue growth trend is fueled by higher service revenues as well as growth in branded postpaid and branded prepaid revenues. T-Mobile has delivered YoY growth in service revenues for the past 17 quarters.
Sprint (S) has reported robust fiscal Q1 2018 results and topped the company’s earnings and revenues. In its fiscal first quarter, Sprint posted its tenth consecutive quarter of operating income and highest adjusted EBITDA in 11 years. Sprint’s ongoing initiatives to reduce costs and expenses also helped it record back-to-back profits for the previous three consecutive quarters.
When T-Mobile (TMUS) reported its second-quarter results on August 1, this third-largest US wireless carrier posted better-than-expected earnings but missed revenue expectations. Its earnings results have consistently exceeded Wall Street estimates in the last eight quarters.
Now let’s take a look at T-Mobile’s (TMUS) prepaid customer net additions trend over the last few quarters. T-Mobile added 91,000 net prepaid customers in the second quarter, down from the 199,000 customers it added in the first quarter, and down from the 94,000 customers it added in the second quarter of 2017. The YoY fall was due to higher customer deactivations from the growing customer base of T-Mobile’s MetroPCS brand, which was partially offset by fewer migrations to postpaid plans.
T-Mobile (TMUS) and Sprint (S) may see their proposal to merge succeed in a deal that would cut the number of US national wireless operators from four providers to three. The previous administration’s desire to maintain four wireless operators at the top led to AT&T (T) dropping its bid to acquire T-Mobile in 2011.
Verizon (VZ) is looking forward to capitalize on the countless innovative technology solutions being developed in the Internet of Things and telematics ecosystem across multiple industries.
Trade or fade the week's big winners? The Fast Money traders weigh in. With CNBC's Melissa Lee and the Fast Money traders, Brian Kelly, Gina Sanchez, David Seaburg and Dan Nathan.