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

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

Telephone and Data Systems Price Performance

Telephone and Data Systems stock opened at $14.36 on Monday. The firm has a 50-day moving average of $15.61 and a 200-day moving average of $17.38. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.40 and a current ratio of 1.58. Telephone and Data Systems has a one year low of $6.43 and a one year high of $21.75.

Telephone and Data Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.19 dividend. This is a boost from Telephone and Data Systems’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.76 annualized dividend and a yield of 5.29%. Telephone and Data Systems’s payout ratio is presently -15.61%.

Wall Street Analysts Forecast Growth

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

About Telephone and Data Systems

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.