Telephone and Data Systems (TDS) to Release Quarterly Earnings on Thursday

Telephone and Data Systems (NYSE:TDSGet Rating) will be announcing its earnings results after the market closes on Thursday, May 5th. Analysts expect the company to announce earnings of $0.26 per share for the quarter.

Telephone and Data Systems (NYSE:TDSGet Rating) last issued its quarterly earnings results on Thursday, February 17th. The Wireless communications provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Telephone and Data Systems had a return on equity of 2.78% and a net margin of 2.95%. During the same quarter in the prior year, the business posted $0.12 earnings per share. On average, analysts expect Telephone and Data Systems to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TDS traded down $0.70 on Friday, reaching $18.32. The company’s stock had a trading volume of 5,432,422 shares, compared to its average volume of 915,792. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 18.32 and a beta of 1.13. Telephone and Data Systems has a 1 year low of $15.69 and a 1 year high of $26.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.73 and a quick ratio of 1.58. The business’s 50 day moving average is $18.82 and its 200 day moving average is $19.45.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were issued a $0.18 dividend. The ex-dividend date was Monday, March 14th. This represents a $0.72 dividend on an annualized basis and a yield of 3.93%. This is an increase from Telephone and Data Systems’s previous quarterly dividend of $0.18. Telephone and Data Systems’s dividend payout ratio is currently 72.00%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley increased its position in shares of Telephone and Data Systems by 23.4% during the 2nd quarter. Morgan Stanley now owns 1,450,629 shares of the Wireless communications provider’s stock valued at $32,872,000 after purchasing an additional 275,160 shares during the period. Royal Bank of Canada increased its position in shares of Telephone and Data Systems by 7.6% during the 3rd quarter. Royal Bank of Canada now owns 48,220 shares of the Wireless communications provider’s stock valued at $941,000 after purchasing an additional 3,411 shares during the period. Bank of Montreal Can increased its position in shares of Telephone and Data Systems by 133.7% during the 4th quarter. Bank of Montreal Can now owns 34,561 shares of the Wireless communications provider’s stock valued at $706,000 after purchasing an additional 19,772 shares during the period. LPL Financial LLC acquired a new position in shares of Telephone and Data Systems during the 4th quarter valued at $1,342,000. Finally, Credit Suisse AG increased its position in shares of Telephone and Data Systems by 2.2% during the 4th quarter. Credit Suisse AG now owns 90,703 shares of the Wireless communications provider’s stock valued at $1,829,000 after purchasing an additional 1,962 shares during the period. Hedge funds and other institutional investors own 84.67% of the company’s stock.

TDS has been the topic of a number of research analyst reports. Zacks Investment Research raised Telephone and Data Systems from a “sell” rating to a “hold” rating and set a $21.00 target price on the stock in a report on Thursday, March 10th. Raymond James reduced their target price on Telephone and Data Systems from $33.00 to $25.00 and set a “strong-buy” rating on the stock in a report on Tuesday, February 22nd. StockNews.com started coverage on Telephone and Data Systems in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Morgan Stanley downgraded Telephone and Data Systems from an “overweight” rating to an “equal weight” rating and set a $22.00 price target on the stock. in a report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Telephone and Data Systems has an average rating of “Hold” and an average target price of $24.83.

Telephone and Data Systems Company Profile (Get Rating)

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, routers, 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.

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

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