Telephone & Data Systems, Inc. (TDS) Expected to Announce Earnings of -$0.02 Per Share

Wall Street brokerages expect Telephone & Data Systems, Inc. (NYSE:TDS) to post earnings of ($0.02) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Telephone & Data Systems’ earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at $0.06. Telephone & Data Systems reported earnings of ($0.05) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 60%. The firm is scheduled to report its next earnings results on Friday, February 23rd.

According to Zacks, analysts expect that Telephone & Data Systems will report full year earnings of ($1.27) per share for the current year, with EPS estimates ranging from ($1.35) to ($1.14). For the next financial year, analysts anticipate that the business will report earnings of $0.35 per share, with EPS estimates ranging from $0.26 to $0.40. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Telephone & Data Systems.

Telephone & Data Systems (NYSE:TDS) last posted its quarterly earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). Telephone & Data Systems had a positive return on equity of 1.08% and a negative net margin of 2.77%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business posted $0.11 earnings per share. The business’s quarterly revenue was down 4.8% on a year-over-year basis.

TDS has been the topic of a number of analyst reports. Drexel Hamilton raised shares of Telephone & Data Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research downgraded shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Telephone & Data Systems has a consensus rating of “Hold” and an average target price of $29.00.

Several institutional investors have recently added to or reduced their stakes in TDS. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Telephone & Data Systems by 11.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,795 shares of the Wireless communications provider’s stock worth $105,000 after acquiring an additional 387 shares in the last quarter. Zions Bancorporation purchased a new stake in Telephone & Data Systems in the 3rd quarter valued at $119,000. Tiedemann Wealth Management LLC purchased a new stake in Telephone & Data Systems in the 3rd quarter valued at $128,000. Sei Investments Co. raised its position in Telephone & Data Systems by 13.9% in the 2nd quarter. Sei Investments Co. now owns 4,868 shares of the Wireless communications provider’s stock valued at $135,000 after purchasing an additional 594 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in Telephone & Data Systems in the 3rd quarter valued at $192,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of Telephone & Data Systems (NYSE TDS) traded up $0.08 during mid-day trading on Thursday, reaching $28.19. 452,700 shares of the company’s stock were exchanged, compared to its average volume of 683,749. The company has a quick ratio of 2.29, a current ratio of 2.42 and a debt-to-equity ratio of 0.54. Telephone & Data Systems has a one year low of $24.57 and a one year high of $32.97. The stock has a market capitalization of $3,084.69, a P/E ratio of -22.20 and a beta of 0.98.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 15th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Thursday, December 14th. Telephone & Data Systems’s dividend payout ratio (DPR) is -48.82%.

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Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

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Earnings History and Estimates for Telephone & Data Systems (NYSE:TDS)

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