Telephone and Data Systems (NYSE:TDS) Announces Quarterly Earnings Results, Beats Expectations By $0.23 EPS

Telephone and Data Systems (NYSE:TDS) announced its quarterly earnings results on Friday. The Wireless communications provider reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.23, Zacks reports. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion.

Telephone and Data Systems Trading Down 4.1 %

NYSE TDS opened at $38.00 on Friday. The company’s 50-day moving average price is $35.59 and its 200-day moving average price is $29.73. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The stock has a market cap of $4.29 billion, a PE ratio of -7.04 and a beta of 0.80. Telephone and Data Systems has a 12 month low of $13.92 and a 12 month high of $41.21.

Telephone and Data Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, March 17th. Telephone and Data Systems’s payout ratio is presently -18.60%.

Wall Street Analysts Forecast Growth

TDS has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Raymond James upgraded shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research report on Thursday, November 7th.

About Telephone and Data Systems

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.