$0.26 EPS Expected for Telephone and Data Systems, Inc. (NYSE:TDS) This Quarter

Wall Street brokerages expect Telephone and Data Systems, Inc. (NYSE:TDSGet Rating) to post earnings per share of $0.26 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Telephone and Data Systems’ earnings. The highest EPS estimate is $0.35 and the lowest is $0.12. Telephone and Data Systems reported earnings of $0.48 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 45.8%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Telephone and Data Systems will report full year earnings of $0.48 per share for the current year, with EPS estimates ranging from $0.29 to $0.57. For the next year, analysts expect that the company will post earnings of $0.52 per share, with EPS estimates ranging from $0.39 to $0.69. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Telephone and Data Systems.

Telephone and Data Systems (NYSE:TDSGet Rating) last released its earnings results on Thursday, February 17th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.07. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates 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 company earned $0.12 earnings per share.

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

TDS opened at $18.32 on Friday. The stock has a fifty day moving average of $18.82 and a 200-day moving average of $19.45. The firm has a market capitalization of $2.10 billion, a P/E ratio of 18.32 and a beta of 1.13. Telephone and Data Systems has a 12-month low of $15.69 and a 12-month high of $26.51. The company has a quick ratio of 1.58, a current ratio of 1.73 and a debt-to-equity ratio of 0.52.

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

A number of institutional investors have recently bought and sold shares of the business. Institute for Wealth Management LLC. acquired a new position in Telephone and Data Systems during the first quarter worth $707,000. Mint Tower Capital Management B.V. acquired a new position in Telephone and Data Systems during the first quarter worth $518,000. Deroy & Devereaux Private Investment Counsel Inc. increased its position in Telephone and Data Systems by 2.0% during the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 129,730 shares of the Wireless communications provider’s stock worth $2,449,000 after buying an additional 2,590 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Telephone and Data Systems by 10.8% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 54,720 shares of the Wireless communications provider’s stock worth $1,033,000 after buying an additional 5,342 shares during the last quarter. Finally, First Quadrant LLC CA acquired a new position in Telephone and Data Systems during the first quarter worth $36,000. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

About Telephone and Data Systems (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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