Telephone & Data Systems, Inc. (TDS) Expected to Announce Earnings of $0.25 Per Share

Share on StockTwits

Equities analysts forecast that Telephone & Data Systems, Inc. (NYSE:TDS) will announce $0.25 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Telephone & Data Systems’ earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.31. Telephone & Data Systems posted earnings of $0.08 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 212.5%. The business is scheduled to report its next quarterly earnings results on Wednesday, November 14th.

On average, analysts expect that Telephone & Data Systems will report full year earnings of $0.68 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will report earnings of $1.29 per share, with EPS estimates ranging from $0.72 to $1.66. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Telephone & Data Systems.

Telephone & Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, August 3rd. The Wireless communications provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.06. Telephone & Data Systems had a return on equity of 1.98% and a net margin of 3.53%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The business’s revenue was up .6% on a year-over-year basis.

Several research analysts recently weighed in on the company. Zacks Investment Research raised Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Wednesday, October 10th. ValuEngine raised Telephone & Data Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. JPMorgan Chase & Co. lowered Telephone & Data Systems from a “neutral” rating to an “underweight” rating and set a $34.00 price objective on the stock. in a research report on Wednesday, July 11th. Finally, Citigroup raised their price objective on Telephone & Data Systems from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $36.00.

Shares of TDS traded up $0.39 during trading hours on Monday, hitting $32.09. The stock had a trading volume of 10,581 shares, compared to its average volume of 649,511. The company has a current ratio of 2.96, a quick ratio of 2.75 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.41 billion, a P/E ratio of 60.72 and a beta of 0.83. Telephone & Data Systems has a 12-month low of $23.54 and a 12-month high of $32.89.

The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.64 dividend on an annualized basis and a yield of 1.99%. Telephone & Data Systems’s dividend payout ratio (DPR) is 120.75%.

In related news, SVP Joseph R. Hanley sold 54,312 shares of Telephone & Data Systems stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $30.79, for a total value of $1,672,266.48. Following the completion of the transaction, the senior vice president now directly owns 38,152 shares in the company, valued at $1,174,700.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Douglas W. Chambers sold 16,400 shares of Telephone & Data Systems stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $30.59, for a total value of $501,676.00. Following the completion of the transaction, the vice president now owns 12,473 shares of the company’s stock, valued at $381,549.07. The disclosure for this sale can be found here. Insiders sold 204,597 shares of company stock valued at $6,192,444 over the last quarter. Insiders own 16.27% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its position in Telephone & Data Systems by 12.5% in the 2nd quarter. BlackRock Inc. now owns 16,961,259 shares of the Wireless communications provider’s stock worth $465,075,000 after buying an additional 1,878,701 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Telephone & Data Systems by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,091,599 shares of the Wireless communications provider’s stock worth $221,871,000 after buying an additional 210,068 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Telephone & Data Systems by 1.8% in the 2nd quarter. Renaissance Technologies LLC now owns 3,308,508 shares of the Wireless communications provider’s stock worth $90,719,000 after acquiring an additional 57,416 shares during the period. Millennium Management LLC grew its holdings in shares of Telephone & Data Systems by 69.6% in the 1st quarter. Millennium Management LLC now owns 1,502,164 shares of the Wireless communications provider’s stock worth $42,106,000 after acquiring an additional 616,324 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Telephone & Data Systems by 12.6% in the 2nd quarter. Northern Trust Corp now owns 1,382,258 shares of the Wireless communications provider’s stock worth $37,901,000 after acquiring an additional 154,175 shares during the period. Institutional investors own 81.73% of the company’s stock.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.

Featured Story: What is Considered a Good Return on Equity (ROE)?

Get a free copy of the Zacks research report on Telephone & Data Systems (TDS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Telephone & Data Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telephone & Data Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply