Zacks: Analysts Anticipate Telephone & Data Systems, Inc. (NYSE:TDS) Will Post Earnings of $0.23 Per Share

Analysts expect Telephone & Data Systems, Inc. (NYSE:TDS) to report $0.23 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Telephone & Data Systems’ earnings, with estimates ranging from $0.13 to $0.34. Telephone & Data Systems reported earnings per share of $0.40 during the same quarter last year, which suggests a negative year over year growth rate of 42.5%. The firm is expected to issue its next quarterly earnings report on Friday, November 1st.

According to Zacks, analysts expect that Telephone & Data Systems will report full-year earnings of $1.13 per share for the current financial year, with EPS estimates ranging from $0.93 to $1.43. For the next fiscal year, analysts expect that the business will report earnings of $1.03 per share, with EPS estimates ranging from $0.58 to $1.71. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Telephone & Data Systems.

Telephone & Data Systems (NYSE:TDS) last released its quarterly earnings data on Thursday, August 1st. The Wireless communications provider reported $0.28 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the business earned $0.29 EPS. Telephone & Data Systems’s revenue for the quarter was up .5% compared to the same quarter last year.



Several equities analysts have commented on the stock. Morgan Stanley upgraded shares of Telephone & Data Systems from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $33.00 to $47.50 in a research report on Tuesday, June 18th. JPMorgan Chase & Co. upgraded shares of Telephone & Data Systems from an “underweight” rating to a “neutral” rating and lowered their price objective for the company from $32.00 to $31.00 in a research report on Monday, August 5th. ValuEngine lowered shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. TheStreet upgraded shares of Telephone & Data Systems from a “c+” rating to a “b-” rating in a research report on Wednesday, July 31st. Finally, Zacks Investment Research upgraded shares of Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $37.70.

In other news, SVP Scott H. Williamson sold 8,079 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $33.40, for a total value of $269,838.60. Following the completion of the sale, the senior vice president now owns 55,881 shares in the company, valued at approximately $1,866,425.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Clarence A. Davis sold 2,410 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $30.18, for a total transaction of $72,733.80. Following the completion of the sale, the director now owns 9,500 shares of the company’s stock, valued at approximately $286,710. The disclosure for this sale can be found here. Insiders sold a total of 60,003 shares of company stock valued at $1,948,100 in the last 90 days. Company insiders own 14.33% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TDS. Krane Funds Advisors LLC bought a new stake in Telephone & Data Systems during the 2nd quarter valued at about $26,000. Resources Investment Advisors LLC. bought a new stake in Telephone & Data Systems during the 2nd quarter valued at about $46,000. Macquarie Group Ltd. lifted its holdings 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 buying an additional 400 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings 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 buying an additional 2,126 shares in the last quarter. Finally, Doyle Wealth Management bought a new stake in Telephone & Data Systems during the 2nd quarter valued at about $79,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

TDS stock traded up $0.39 during trading on Friday, hitting $24.81. 791,600 shares of the company’s stock traded hands, compared to its average volume of 857,455. Telephone & Data Systems has a 52 week low of $24.36 and a 52 week 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 business has a fifty day simple moving average of $30.10 and a 200 day simple moving average of $31.55. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 21.21 and a beta of 1.03.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.66%. Telephone & Data Systems’s dividend payout ratio (DPR) is presently 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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Earnings History and Estimates for Telephone & Data Systems (NYSE:TDS)

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