Zacks: Analysts Anticipate Telephone & Data Systems, Inc. (NYSE:TDS) to Announce $0.34 Earnings Per Share

Wall Street analysts forecast that Telephone & Data Systems, Inc. (NYSE:TDS) will report earnings of $0.34 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Telephone & Data Systems’ earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.20. Telephone & Data Systems posted earnings of $0.28 per share in the same quarter last year, which would suggest a positive year over year growth rate of 21.4%. The firm is scheduled to issue its next earnings report on Thursday, August 6th.

According to Zacks, analysts expect that Telephone & Data Systems will report full year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.74 to $1.18. For the next financial year, analysts expect that the firm will post earnings of $1.05 per share, with EPS estimates ranging from $0.41 to $1.43. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Telephone & Data Systems.

Telephone & Data Systems (NYSE:TDS) last released its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.18. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. Telephone & Data Systems had a return on equity of 2.44% and a net margin of 2.55%. The company’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS.

Several brokerages recently commented on TDS. Citigroup dropped their target price on Telephone & Data Systems from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Raymond James dropped their target price on Telephone & Data Systems from $30.00 to $29.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 22nd. Zacks Investment Research upgraded Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Saturday, May 9th. B. Riley dropped their target price on Telephone & Data Systems from $35.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Finally, Morgan Stanley dropped their target price on Telephone & Data Systems from $47.00 to $42.50 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Telephone & Data Systems has a consensus rating of “Buy” and a consensus price target of $31.58.

Hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC increased its holdings in Telephone & Data Systems by 565.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,497 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 1,272 shares during the last quarter. Pearl River Capital LLC purchased a new stake in Telephone & Data Systems during the 1st quarter worth approximately $32,000. Parallel Advisors LLC increased its holdings in Telephone & Data Systems by 190.2% during the 1st quarter. Parallel Advisors LLC now owns 1,982 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 1,299 shares during the last quarter. Advisor Group Holdings Inc. bought a new stake in shares of Telephone & Data Systems in the 1st quarter valued at approximately $50,000. Finally, Bartlett & Co. LLC bought a new stake in shares of Telephone & Data Systems in the 1st quarter valued at approximately $115,000. Institutional investors own 81.84% of the company’s stock.

Shares of NYSE:TDS traded up $0.10 during mid-day trading on Thursday, hitting $19.96. 17,649 shares of the company traded hands, compared to its average volume of 704,647. The firm has a market cap of $2.16 billion, a P/E ratio of 17.73 and a beta of 1.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.92 and a current ratio of 2.17. Telephone & Data Systems has a 52-week low of $14.05 and a 52-week high of $33.63. The firm’s 50 day simple moving average is $19.77 and its 200 day simple moving average is $20.95.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, June 15th. This represents a $0.68 annualized dividend and a yield of 3.41%. Telephone & Data Systems’s dividend payout ratio is presently 66.02%.

About Telephone & Data Systems

Telephone and Data Systems, Inc, a telecommunications company, provides communications 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 business customers located in its service territories; national plans with voice, messaging, and data usage options; and advanced wireless solutions, such as machine-to-machine solution and software applications for various categories of monitor and control, business automation/operations, communication, and asset management.

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