Telephone and Data Systems (NYSE:TDS) Announces Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Telephone and Data Systems (NYSE:TDS) posted its quarterly earnings results on Friday. The Wireless communications provider reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.15, RTT News reports. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the company posted ($0.08) earnings per share. The business’s quarterly revenue was down 3.1% on a year-over-year basis.

Telephone and Data Systems Trading Down 11.4 %

Telephone and Data Systems stock opened at $14.36 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.58 and a quick ratio of 1.40. Telephone and Data Systems has a 12 month low of $6.43 and a 12 month high of $21.75. The stock has a fifty day simple moving average of $15.61 and a two-hundred day simple moving average of $17.38.

Telephone and Data Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Telephone and Data Systems’s previous quarterly dividend of $0.19. Telephone and Data Systems’s payout ratio is currently -15.61%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Telephone and Data Systems from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.