Telephone & Data Systems, Inc. (NYSE:TDS) Expected to Announce Earnings of $0.23 Per Share

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Analysts expect that Telephone & Data Systems, Inc. (NYSE:TDS) will post earnings per share (EPS) of $0.23 for the current quarter, according to Zacks. Three analysts have provided estimates for Telephone & Data Systems’ earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.13. Telephone & Data Systems reported earnings of $0.40 per share during the same quarter last year, which suggests a negative year over year growth rate of 42.5%. The business is expected to report its next quarterly earnings report on Friday, November 1st.

According to Zacks, analysts expect that Telephone & Data Systems will report full-year earnings of $1.13 per share for the current financial year, with EPS estimates ranging from $0.93 to $1.41. For the next financial year, analysts expect that the company will post earnings of $1.05 per share, with EPS estimates ranging from $0.58 to $1.79. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Telephone & Data Systems.

Telephone & Data Systems (NYSE:TDS) last announced its quarterly earnings results on Thursday, August 1st. The Wireless communications provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.04). Telephone & Data Systems had a net margin of 2.99% and a return on equity of 2.89%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business earned $0.29 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis.

TDS has been the topic of several analyst reports. TheStreet downgraded Telephone & Data Systems from a “b-” rating to a “c+” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. upgraded Telephone & Data Systems from an “underweight” rating to a “neutral” rating and lowered their price target for the company from $32.00 to $31.00 in a report on Monday, August 5th. ValuEngine downgraded Telephone & Data Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Finally, Zacks Investment Research upgraded Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $37.70.

Shares of TDS stock opened at $25.70 on Friday. Telephone & Data Systems has a 12 month low of $24.01 and a 12 month high of $37.29. The company has a quick ratio of 2.24, a current ratio of 2.41 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $25.57 and its two-hundred day moving average is $29.13. The company has a market cap of $2.93 billion, a PE ratio of 21.97 and a beta of 1.08.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.165 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.66 annualized dividend and a dividend yield of 2.57%. Telephone & Data Systems’s dividend payout ratio is 56.41%.

In other news, Director Prudence E. Carlson sold 3,510 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $24.96, for a total value of $87,609.60. Following the completion of the sale, the director now directly owns 54,722 shares of the company’s stock, valued at $1,365,861.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wade Oosterman acquired 5,000 shares of Telephone & Data Systems stock in a transaction dated Monday, August 19th. The stock was acquired at an average cost of $24.88 per share, with a total value of $124,400.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $124,400. The disclosure for this purchase can be found here. 14.33% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan boosted its position in shares of Telephone & Data Systems by 2.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 17,330 shares of the Wireless communications provider’s stock valued at $527,000 after acquiring an additional 380 shares during the period. MetLife Investment Advisors LLC boosted its position in shares of Telephone & Data Systems by 0.8% in the first quarter. MetLife Investment Advisors LLC now owns 57,157 shares of the Wireless communications provider’s stock valued at $1,756,000 after acquiring an additional 468 shares during the period. Treasurer of the State of North Carolina lifted its position in Telephone & Data Systems by 1.0% in the second quarter. Treasurer of the State of North Carolina now owns 49,284 shares of the Wireless communications provider’s stock worth $1,498,000 after purchasing an additional 490 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Telephone & Data Systems by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 37,666 shares of the Wireless communications provider’s stock worth $1,145,000 after purchasing an additional 536 shares during the period. Finally, GSA Capital Partners LLP lifted its position in Telephone & Data Systems by 3.1% in the second quarter. GSA Capital Partners LLP now owns 25,251 shares of the Wireless communications provider’s stock worth $768,000 after purchasing an additional 752 shares during the period. 81.88% of the stock is owned by institutional investors.

About Telephone & Data Systems

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

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