Brokerages Anticipate Telephone & Data Systems, Inc. (TDS) to Announce $0.26 EPS

Brokerages expect Telephone & Data Systems, Inc. (NYSE:TDS) to announce earnings per share (EPS) of $0.26 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Telephone & Data Systems’ earnings, with estimates ranging from $0.24 to $0.28. Telephone & Data Systems posted earnings of $0.09 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 188.9%. The firm is expected to report its next quarterly earnings report on Wednesday, November 14th.

On average, analysts expect that Telephone & Data Systems will report full year earnings of $0.68 per share for the current financial year. For the next fiscal year, analysts anticipate that the company will report earnings of $1.24 per share, with EPS estimates ranging from $0.72 to $1.51. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Telephone & Data Systems.

Telephone & Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, August 3rd. The Wireless communications provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Telephone & Data Systems had a net margin of 3.53% and a return on equity of 1.98%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 earnings per share.

Several analysts have recently commented on TDS shares. ValuEngine lowered shares of Telephone & Data Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. JPMorgan Chase & Co. lowered shares of Telephone & Data Systems from a “neutral” rating to an “underweight” rating and set a $34.00 price target on the stock. in a research report on Wednesday, July 11th. Zacks Investment Research lowered shares of Telephone & Data Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 16th. Finally, Citigroup increased their price target on shares of Telephone & Data Systems from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $34.67.

TDS stock opened at $30.78 on Tuesday. The company has a market capitalization of $3.41 billion, a PE ratio of 54.48 and a beta of 0.85. Telephone & Data Systems has a 12 month low of $23.54 and a 12 month high of $31.01. The company has a current ratio of 2.96, a quick ratio of 2.75 and a debt-to-equity ratio of 0.47.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.64 dividend on an annualized basis and a yield of 2.08%. Telephone & Data Systems’s dividend payout ratio (DPR) is currently 120.75%.

In related news, SVP Joseph R. Hanley sold 54,312 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $30.79, for a total transaction of $1,672,266.48. Following the sale, the senior vice president now owns 38,152 shares in the company, valued at $1,174,700.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Prudence E. Carlson sold 5,933 shares of the firm’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $27.10, for a total transaction of $160,784.30. Following the sale, the director now owns 53,808 shares in the company, valued at approximately $1,458,196.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 194,130 shares of company stock worth $5,851,552. 17.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Preferred LLC acquired a new stake in Telephone & Data Systems during the second quarter worth approximately $134,000. Point72 Hong Kong Ltd acquired a new stake in Telephone & Data Systems during the second quarter worth approximately $160,000. Sun Life Financial INC acquired a new stake in Telephone & Data Systems during the second quarter worth approximately $178,000. Asset Management One Co. Ltd. acquired a new stake in Telephone & Data Systems during the first quarter worth approximately $188,000. Finally, Macquarie Group Ltd. raised its stake in Telephone & Data Systems by 38.9% during the second quarter. Macquarie Group Ltd. now owns 7,500 shares of the Wireless communications provider’s stock worth $206,000 after purchasing an additional 2,100 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

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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