Wall Street analysts expect that Telephone & Data Systems, Inc. (NYSE:TDS) will post sales of $1.30 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Telephone & Data Systems’ earnings, with the highest sales estimate coming in at $1.31 billion and the lowest estimate coming in at $1.30 billion. Telephone & Data Systems also posted sales of $1.30 billion during the same quarter last year. The firm is expected to issue its next earnings report on Friday, November 1st.
According to Zacks, analysts expect that Telephone & Data Systems will report full year sales of $5.15 billion for the current year, with estimates ranging from $5.14 billion to $5.15 billion. For the next fiscal year, analysts anticipate that the company will post sales of $5.24 billion, with estimates ranging from $5.19 billion to $5.29 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Telephone & Data Systems.
Telephone & Data Systems (NYSE:TDS) last posted its quarterly earnings results on Thursday, August 1st. The Wireless communications provider reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). Telephone & Data Systems had a net margin of 2.99% and a return on equity of 2.89%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year.
In other Telephone & Data Systems news, Director Clarence A. Davis sold 2,410 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $30.18, for a total transaction of $72,733.80. Following the transaction, the director now directly owns 9,500 shares of the company’s stock, valued at approximately $286,710. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Scott H. Williamson sold 33,647 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $32.90, for a total transaction of $1,106,986.30. Following the transaction, the insider now directly owns 55,881 shares in the company, valued at $1,838,484.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,003 shares of company stock worth $1,948,100. Insiders own 14.33% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Krane Funds Advisors LLC purchased a new stake in Telephone & Data Systems during the 2nd quarter valued at about $26,000. Resources Investment Advisors LLC. purchased a new stake in Telephone & Data Systems during the 2nd quarter valued at about $46,000. Macquarie Group Ltd. grew its position in Telephone & Data Systems by 30.8% during the 4th quarter. Macquarie Group Ltd. now owns 1,700 shares of the Wireless communications provider’s stock valued at $55,000 after purchasing an additional 400 shares during the last quarter. Quadrant Capital Group LLC grew its position in Telephone & Data Systems by 944.9% during the 1st quarter. Quadrant Capital Group LLC now owns 2,351 shares of the Wireless communications provider’s stock valued at $69,000 after purchasing an additional 2,126 shares during the last quarter. Finally, Doyle Wealth Management purchased a new stake in Telephone & Data Systems during the 2nd quarter valued at about $79,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.
NYSE:TDS traded up $0.51 during midday trading on Tuesday, reaching $24.93. 14,378 shares of the stock traded hands, compared to its average volume of 854,639. The company has a fifty day moving average of $30.21 and a 200 day moving average of $31.58. Telephone & Data Systems has a 12 month low of $24.36 and a 12 month high of $37.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.24 and a current ratio of 2.41. The stock has a market capitalization of $2.90 billion, a P/E ratio of 21.32 and a beta of 1.03.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.65%. Telephone & Data Systems’s payout ratio is currently 56.41%.
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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