Telephone & Data Systems, Inc. (TDS) Expected to Announce Quarterly Sales of $1.30 Billion

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Brokerages expect Telephone & Data Systems, Inc. (NYSE:TDS) to report $1.30 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Telephone & Data Systems’ earnings, with estimates ranging from $1.28 billion to $1.31 billion. Telephone & Data Systems posted sales of $1.26 billion during the same quarter last year, which would indicate a positive year over year growth rate of 3.2%. The company is scheduled to issue its next quarterly earnings report on Friday, August 2nd.

On average, analysts expect that Telephone & Data Systems will report full-year sales of $5.26 billion for the current fiscal year, with estimates ranging from $5.22 billion to $5.33 billion. For the next year, analysts expect that the firm will post sales of $5.37 billion, with estimates ranging from $5.29 billion to $5.48 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Telephone & Data Systems.

Telephone & Data Systems (NYSE:TDS) last released its quarterly earnings data on Thursday, May 2nd. The Wireless communications provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.14. Telephone & Data Systems had a return on equity of 2.92% and a net margin of 3.00%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company posted $0.34 EPS. The company’s revenue was up 2.6% compared to the same quarter last year.

TDS has been the topic of several analyst reports. ValuEngine lowered Telephone & Data Systems from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. Zacks Investment Research lowered Telephone & Data Systems from a “buy” rating to a “hold” rating in a research note on Saturday, February 2nd. Finally, TheStreet lowered Telephone & Data Systems from a “b-” rating to a “c+” rating in a research note on Wednesday, May 1st. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $38.20.

In other news, Director Mitchell H. Saranow sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $31.75, for a total value of $127,000.00. Following the transaction, the director now directly owns 15,074 shares of the company’s stock, valued at approximately $478,599.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kenneth R. Meyers sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $32.30, for a total value of $1,292,000.00. Following the completion of the transaction, the insider now directly owns 32,305 shares in the company, valued at $1,043,451.50. The disclosure for this sale can be found here. Insiders sold a total of 44,350 shares of company stock worth $1,430,127 over the last three months. 14.33% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. BlueMountain Capital Management LLC increased its position in shares of Telephone & Data Systems by 741.9% in the 1st quarter. BlueMountain Capital Management LLC now owns 27,934 shares of the Wireless communications provider’s stock valued at $858,000 after buying an additional 24,616 shares in the last quarter. Kiwi Wealth Investments Limited Partnership increased its position in shares of Telephone & Data Systems by 15.9% in the 1st quarter. Kiwi Wealth Investments Limited Partnership now owns 56,871 shares of the Wireless communications provider’s stock valued at $1,748,000 after buying an additional 7,818 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Telephone & Data Systems by 49.0% in the 1st quarter. HighTower Advisors LLC now owns 96,443 shares of the Wireless communications provider’s stock valued at $2,965,000 after buying an additional 31,705 shares in the last quarter. Morgan Stanley increased its position in shares of Telephone & Data Systems by 132.0% in the 1st quarter. Morgan Stanley now owns 101,001 shares of the Wireless communications provider’s stock valued at $3,104,000 after buying an additional 57,468 shares in the last quarter. Finally, Man Group plc increased its position in shares of Telephone & Data Systems by 18.2% in the 1st quarter. Man Group plc now owns 1,695,366 shares of the Wireless communications provider’s stock valued at $52,099,000 after buying an additional 261,140 shares in the last quarter. 82.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TDS stock traded down $0.17 during trading hours on Tuesday, hitting $30.87. The company had a trading volume of 525,653 shares, compared to its average volume of 831,028. Telephone & Data Systems has a 12 month low of $24.00 and a 12 month high of $37.29. The firm has a market cap of $3.51 billion, a P/E ratio of 26.38 and a beta of 1.00. The company has a current ratio of 2.42, a quick ratio of 2.25 and a debt-to-equity ratio of 0.62.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

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