$0.06 EPS Expected for Telephone & Data Systems, Inc. (NYSE:TDS) This Quarter

Equities analysts predict that Telephone & Data Systems, Inc. (NYSE:TDS) will report $0.06 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Telephone & Data Systems’ earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at ($0.04). Telephone & Data Systems posted earnings of $0.14 per share during the same quarter last year, which would indicate a negative year over year growth rate of 57.1%. The business is scheduled to announce its next earnings report on Friday, February 28th.

According to Zacks, analysts expect that Telephone & Data Systems will report full-year earnings of $1.09 per share for the current financial year, with EPS estimates ranging from $0.92 to $1.41. For the next year, analysts expect that the firm will report earnings of $1.00 per share, with EPS estimates ranging from $0.56 to $1.79. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Telephone & Data Systems.

Telephone & Data Systems (NYSE:TDS) last released its quarterly earnings results on Thursday, October 31st. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.08). Telephone & Data Systems had a return on equity of 2.35% and a net margin of 2.44%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the company earned $0.41 earnings per share. Telephone & Data Systems’s quarterly revenue was up 1.9% on a year-over-year basis.

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. raised Telephone & Data Systems from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a report on Monday, November 4th. Raymond James upgraded Telephone & Data Systems from an “outperform” rating to a “strong-buy” rating and cut their price objective for the stock from $35.00 to $32.00 in a report on Monday, November 4th. Finally, TheStreet cut Telephone & Data Systems from a “b-” rating to a “c+” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $35.38.

Shares of NYSE TDS traded down $0.28 during mid-day trading on Tuesday, hitting $23.22. 9,668 shares of the company were exchanged, compared to its average volume of 761,686. The stock has a 50 day simple moving average of $24.40 and a 200-day simple moving average of $27.46. Telephone & Data Systems has a 1-year low of $21.44 and a 1-year high of $37.29. The company has a quick ratio of 2.10, a current ratio of 2.24 and a debt-to-equity ratio of 0.62. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 19.89 and a beta of 1.03.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.165 per share. The ex-dividend date is Friday, December 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.84%. Telephone & Data Systems’s dividend payout ratio is currently 56.41%.

Several hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its position in shares of Telephone & Data Systems by 188.6% in the 3rd quarter. Millennium Management LLC now owns 317,920 shares of the Wireless communications provider’s stock valued at $8,202,000 after acquiring an additional 207,767 shares during the period. Squarepoint Ops LLC boosted its holdings in Telephone & Data Systems by 362.4% during the third quarter. Squarepoint Ops LLC now owns 140,816 shares of the Wireless communications provider’s stock worth $3,633,000 after purchasing an additional 110,366 shares during the last quarter. California State Teachers Retirement System grew its position in Telephone & Data Systems by 0.4% in the 3rd quarter. California State Teachers Retirement System now owns 166,704 shares of the Wireless communications provider’s stock worth $4,301,000 after purchasing an additional 710 shares in the last quarter. State Street Corp grew its position in Telephone & Data Systems by 1.0% in the 3rd quarter. State Street Corp now owns 8,207,748 shares of the Wireless communications provider’s stock worth $211,760,000 after purchasing an additional 84,035 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its position in Telephone & Data Systems by 3.8% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 27,821 shares of the Wireless communications provider’s stock worth $718,000 after purchasing an additional 1,023 shares in the last quarter. 81.78% of the stock is owned by institutional investors and hedge funds.

About Telephone & Data Systems

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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