Analysts Expect Telephone and Data Systems, Inc. (NYSE:TDS) Will Announce Quarterly Sales of $1.34 Billion

Wall Street brokerages expect Telephone and Data Systems, Inc. (NYSE:TDS – Get Rating) to report sales of $1.34 billion for the current quarter, Zacks reports. Three analysts have made estimates for Telephone and Data Systems’ earnings. Telephone and Data Systems reported sales of $1.32 billion in the same quarter last year, which indicates a positive year over year growth rate of 1.5%. The company is scheduled to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Telephone and Data Systems will report full-year sales of $5.41 billion for the current fiscal year, with estimates ranging from $5.40 billion to $5.43 billion. For the next fiscal year, analysts expect that the company will report sales of $5.50 billion, with estimates ranging from $5.47 billion to $5.54 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Telephone and Data Systems.

Telephone and Data Systems (NYSE:TDS – Get Rating) last announced its earnings results on Thursday, February 17th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $1.37 billion for 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 previous year, the company earned $0.12 earnings per share.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating and set a $21.00 price target for the company in a research note on Thursday, March 10th. Raymond James dropped their price target on shares of Telephone and Data Systems from $33.00 to $25.00 and set a “strong-buy” rating for the company in a research note on Tuesday, February 22nd. StockNews.com assumed coverage on shares of Telephone and Data Systems in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Morgan Stanley downgraded shares of Telephone and Data Systems from an “overweight” rating to an “equal weight” rating and set a $22.00 target price for the company. in a research note on Tuesday, April 19th. One investment analyst has rated the stock with a sell rating, three have given 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.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.83.

A number of institutional investors and hedge funds have recently made changes to their positions in TDS. BlackRock Inc. lifted its position in Telephone and Data Systems by 39.0% in the fourth quarter. BlackRock Inc. now owns 16,427,947 shares of the Wireless communications provider’s stock valued at $331,023,000 after acquiring an additional 4,612,655 shares during the last quarter. William Blair Investment Management LLC lifted its position in Telephone and Data Systems by 49,944.8% in the third quarter. William Blair Investment Management LLC now owns 1,769,085 shares of the Wireless communications provider’s stock valued at $34,497,000 after acquiring an additional 1,765,550 shares during the last quarter. Norges Bank purchased a new stake in Telephone and Data Systems in the fourth quarter valued at $19,907,000. Private Management Group Inc. raised its holdings in shares of Telephone and Data Systems by 32.1% in the third quarter. Private Management Group Inc. now owns 2,323,250 shares of the Wireless communications provider’s stock valued at $45,303,000 after buying an additional 563,972 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Telephone and Data Systems by 27.7% in the fourth quarter. Invesco Ltd. now owns 1,588,814 shares of the Wireless communications provider’s stock valued at $32,015,000 after buying an additional 344,986 shares during the last quarter. 86.34% of the stock is owned by hedge funds and other institutional investors.

NYSE:TDS opened at $18.46 on Tuesday. The company has a fifty day simple moving average of $18.85 and a two-hundred day simple moving average of $19.44. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 18.46 and a beta of 1.13. The company has a quick ratio of 1.58, a current ratio of 1.73 and a debt-to-equity ratio of 0.52. Telephone and Data Systems has a 52 week low of $15.69 and a 52 week high of $26.51.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were given a $0.18 dividend. The ex-dividend date was Monday, March 14th. This is a boost from Telephone and Data Systems’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a yield of 3.90%. Telephone and Data Systems’s payout ratio is 72.00%.

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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