Analysts Anticipate Telephone & Data Systems, Inc. (TDS) to Announce $0.10 EPS

Wall Street brokerages forecast that Telephone & Data Systems, Inc. (NYSE:TDS) will report earnings of $0.10 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Telephone & Data Systems’ earnings. The lowest EPS estimate is $0.07 and the highest is $0.13. Telephone & Data Systems posted earnings of $0.33 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 69.7%. The business is scheduled to announce its next quarterly earnings results on Friday, May 4th.

On average, analysts expect that Telephone & Data Systems will report full-year earnings of $0.52 per share for the current year, with EPS estimates ranging from $0.31 to $0.70. For the next year, analysts expect that the business will post earnings of $0.62 per share, with EPS estimates ranging from $0.22 to $0.98. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Telephone & Data Systems.

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Telephone & Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, February 23rd. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Telephone & Data Systems had a return on equity of 1.30% and a net margin of 3.03%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) EPS.

A number of research firms have issued reports on TDS. TheStreet upgraded Telephone & Data Systems from a “c+” rating to a “b-” rating in a report on Friday, March 23rd. ValuEngine cut Telephone & Data Systems from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research upgraded Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $30.00.

In other news, insider Scott H. Williamson sold 28,714 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $27.92, for a total transaction of $801,694.88. Following the transaction, the insider now directly owns 18,353 shares of the company’s stock, valued at $512,415.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Wittwer sold 285,704 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $27.20, for a total value of $7,771,148.80. Following the transaction, the director now directly owns 117,710 shares in the company, valued at $3,201,712. The disclosure for this sale can be found here. 17.30% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of TDS. Millennium Management LLC raised its position in shares of Telephone & Data Systems by 219.8% during the fourth quarter. Millennium Management LLC now owns 885,840 shares of the Wireless communications provider’s stock worth $24,626,000 after purchasing an additional 608,863 shares during the period. Wells Fargo & Company MN raised its position in shares of Telephone & Data Systems by 433.0% during the third quarter. Wells Fargo & Company MN now owns 461,308 shares of the Wireless communications provider’s stock worth $12,865,000 after purchasing an additional 374,763 shares during the period. Bank of New York Mellon Corp raised its position in shares of Telephone & Data Systems by 11.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,895,419 shares of the Wireless communications provider’s stock worth $52,692,000 after purchasing an additional 190,856 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Telephone & Data Systems by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 7,459,690 shares of the Wireless communications provider’s stock worth $208,051,000 after purchasing an additional 162,319 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Telephone & Data Systems by 4.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,897,408 shares of the Wireless communications provider’s stock worth $80,548,000 after purchasing an additional 130,300 shares during the period. 82.33% of the stock is currently owned by institutional investors.

Telephone & Data Systems stock opened at $28.15 on Monday. The company has a market cap of $3,128.00, a price-to-earnings ratio of 53.11, a price-to-earnings-growth ratio of 5.98 and a beta of 0.81. Telephone & Data Systems has a 52-week low of $23.54 and a 52-week high of $29.87. The company has a current ratio of 2.14, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, March 16th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.27%. This is a boost from Telephone & Data Systems’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, March 15th. Telephone & Data Systems’s dividend payout ratio is presently 120.75%.

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About Telephone & Data Systems

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.

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Earnings History and Estimates for Telephone & Data Systems (NYSE:TDS)

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