We consider least squares estimators of carrier phase and amplitude from a noisy communications signal that contains both pilot signals, known to the receiver, and data signals, unknown to the receiver. We focus on signaling constellations that have symbols evenly distributed on the complex unit circle, i.e., M-ary phase shift keying. We show, under reasonably mild conditions on the distribution of the noise, that the least squares estimator of carrier phase is strongly consistent and asymptotically normally distributed. However, the amplitude estimator is not consistent, but converges to a positive real number that is a function of the true carrier amplitude, the noise distribution and the size of the constellation. Our theoretical results can also be applied to the case where no pilot symbols exist, i.e., noncoherent detection. The results of Monte Carlo simulations are provided and these agree with the theoretical results.