$0.08 Earnings Per Share Expected for Telephone and Data Systems, Inc. (NYSE:TDS) This Quarter

Equities analysts forecast that Telephone and Data Systems, Inc. (NYSE:TDSGet Rating) will report earnings per share of $0.08 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Telephone and Data Systems’ earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.17. Telephone and Data Systems posted earnings per share of $0.17 during the same quarter last year, which would suggest a negative year over year growth rate of 52.9%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Telephone and Data Systems will report full year earnings of $0.39 per share for the current financial year, with EPS estimates ranging from $0.27 to $0.57. For the next fiscal year, analysts expect that the firm will post earnings of $0.39 per share, with EPS estimates ranging from $0.16 to $0.69. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Telephone and Data Systems.

Telephone and Data Systems (NYSE:TDSGet Rating) last released its earnings results on Thursday, May 5th. The Wireless communications provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. Telephone and Data Systems had a net margin of 2.99% and a return on equity of 2.81%. During the same period in the prior year, the company earned $0.48 earnings per share.

A number of research analysts recently weighed in on TDS shares. 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 report on Tuesday, April 19th. Zacks Investment Research raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating and set a $21.00 price objective for the company in a research report on Thursday, March 10th. StockNews.com started coverage on shares of Telephone and Data Systems in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Raymond James cut their target price 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.75.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Glenmede Trust Co. NA grew its holdings in Telephone and Data Systems by 1.9% during the 4th quarter. Glenmede Trust Co. NA now owns 26,087 shares of the Wireless communications provider’s stock worth $525,000 after acquiring an additional 488 shares during the last quarter. Advisor Group Holdings Inc. grew its holdings in Telephone and Data Systems by 8.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 6,892 shares of the Wireless communications provider’s stock worth $139,000 after acquiring an additional 512 shares during the last quarter. North Star Investment Management Corp. grew its holdings in Telephone and Data Systems by 0.4% during the 4th quarter. North Star Investment Management Corp. now owns 126,995 shares of the Wireless communications provider’s stock worth $2,559,000 after acquiring an additional 535 shares during the last quarter. Wedbush Securities Inc. grew its holdings in Telephone and Data Systems by 2.7% during the 4th quarter. Wedbush Securities Inc. now owns 27,310 shares of the Wireless communications provider’s stock worth $550,000 after acquiring an additional 710 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in Telephone and Data Systems by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 14,235 shares of the Wireless communications provider’s stock worth $269,000 after acquiring an additional 738 shares during the last quarter. 86.34% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems stock traded down $0.10 during mid-day trading on Friday, reaching $17.45. The company’s stock had a trading volume of 833,971 shares, compared to its average volume of 1,233,417. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 19.61 and a beta of 1.07. Telephone and Data Systems has a 12 month low of $15.69 and a 12 month high of $26.51. The business’s 50 day simple moving average is $18.88 and its 200 day simple moving average is $19.32. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.70 and a current ratio of 1.87.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.13%. Telephone and Data Systems’s dividend payout ratio (DPR) is presently 80.90%.

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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