Telephone & Data Systems, Inc. (NYSE:TDS) Expected to Post Earnings of $0.31 Per Share

Wall Street brokerages expect that Telephone & Data Systems, Inc. (NYSE:TDS) will post earnings per share (EPS) of $0.31 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Telephone & Data Systems’ earnings, with estimates ranging from $0.28 to $0.34. Telephone & Data Systems posted earnings of $0.29 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The business is expected to issue its next quarterly earnings results on Friday, August 2nd.

According to Zacks, analysts expect that Telephone & Data Systems will report full year earnings of $1.23 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.41. For the next year, analysts anticipate that the business will report earnings of $1.70 per share. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Telephone & Data Systems.

Telephone & Data Systems (NYSE:TDS) last released its quarterly earnings results on Thursday, May 2nd. The Wireless communications provider reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.14. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. Telephone & Data Systems had a return on equity of 2.92% and a net margin of 3.00%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS.

A number of analysts have recently weighed in on the company. ValuEngine downgraded Telephone & Data Systems from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley upgraded Telephone & Data Systems from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $33.00 to $47.50 in a research report on Tuesday, June 18th. TheStreet downgraded Telephone & Data Systems from a “b-” rating to a “c+” rating in a research report on Wednesday, May 1st. Finally, Zacks Investment Research downgraded Telephone & Data Systems from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $39.75.

In other news, SVP Scott H. Williamson sold 8,079 shares of the business’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $33.40, for a total transaction of $269,838.60. Following the completion of the transaction, the senior vice president now owns 55,881 shares of the company’s stock, valued at approximately $1,866,425.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott H. Williamson sold 33,647 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $32.90, for a total value of $1,106,986.30. Following the transaction, the insider now directly owns 55,881 shares of the company’s stock, valued at approximately $1,838,484.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,003 shares of company stock valued at $1,948,100. Corporate insiders own 14.33% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC raised its holdings in shares of Telephone & Data Systems by 0.5% during the 4th quarter. MetLife Investment Advisors LLC now owns 56,689 shares of the Wireless communications provider’s stock worth $1,845,000 after buying an additional 308 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Telephone & Data Systems by 1.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 26,757 shares of the Wireless communications provider’s stock worth $871,000 after buying an additional 343 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Telephone & Data Systems by 30.8% during the 4th quarter. Macquarie Group Ltd. now owns 1,700 shares of the Wireless communications provider’s stock worth $55,000 after buying an additional 400 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Telephone & Data Systems by 1.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 25,100 shares of the Wireless communications provider’s stock worth $771,000 after buying an additional 400 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Telephone & Data Systems by 0.9% during the 1st quarter. Arizona State Retirement System now owns 67,321 shares of the Wireless communications provider’s stock worth $2,069,000 after buying an additional 603 shares in the last quarter. 80.90% of the stock is owned by institutional investors.

TDS opened at $30.40 on Wednesday. The firm has a fifty day moving average price of $30.66. The company has a market cap of $3.47 billion, a P/E ratio of 25.98 and a beta of 1.03. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.42 and a quick ratio of 2.25. Telephone & Data Systems has a 1 year low of $24.00 and a 1 year high of $37.29.

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.17%. Telephone & Data Systems’s payout ratio is 56.41%.

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

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