Telephone and Data Systems (NYSE:TDS) Posts Earnings Results, Beats Estimates By $0.23 EPS

Telephone and Data Systems (NYSE:TDS) posted its quarterly earnings data on Friday. The Wireless communications provider reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.23, Zacks reports. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%.

Telephone and Data Systems Stock Down 3.3 %

Shares of TDS stock traded down $1.30 on Friday, reaching $38.34. 670,674 shares of the stock were exchanged, compared to its average volume of 783,038. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of -7.08 and a beta of 0.80. The business’s 50 day moving average price is $35.54 and its 200 day moving average price is $29.60. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. Telephone and Data Systems has a twelve month low of $13.92 and a twelve month high of $41.21.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.42%. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -2.96%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TDS shares. JPMorgan Chase & Co. raised their price objective on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Raymond James raised shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a research report on Thursday, November 7th.

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.