Millicom International Cellular (TIGO) Set to Announce Quarterly Earnings on Thursday

Millicom International Cellular (NASDAQ:TIGO) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Millicom International Cellular to post earnings of $0.68 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings results on Friday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.05). The company had revenue of $1.46 billion during the quarter. Millicom International Cellular had a net margin of 1.83% and a return on equity of 2.91%. During the same quarter last year, the business earned ($0.13) EPS. On average, analysts expect Millicom International Cellular to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Millicom International Cellular Stock Performance

Shares of TIGO stock traded up $0.23 during trading hours on Tuesday, hitting $27.11. 8,044 shares of the company’s stock were exchanged, compared to its average volume of 96,668. Millicom International Cellular has a 52 week low of $15.55 and a 52 week high of $28.75. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.66 and a quick ratio of 0.64. The stock’s 50-day moving average is $27.08 and its 200-day moving average is $25.07.

Analyst Ratings Changes

A number of equities analysts have weighed in on TIGO shares. Scotiabank raised shares of Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $30.00 to $37.30 in a research note on Friday, September 20th. UBS Group upgraded shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and upped their target price for the company from $25.00 to $33.00 in a research report on Thursday, August 15th. Finally, JPMorgan Chase & Co. initiated coverage on Millicom International Cellular in a research note on Friday, September 6th. They issued an “overweight” rating and a $35.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.66.

Millicom International Cellular Company Profile

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.