Telephone and Data Systems, Inc. (TDS) Set to Announce Quarterly Earnings on Thursday
Telephone and Data Systems, Inc. (NYSE:TDS) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.10 per share for the quarter.
Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Telephone and Data Systems had a return on equity of 1.15% and a net margin of 1.09%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, analysts expect Telephone and Data Systems to post $0.45 EPS for the current fiscal year and $0.21 EPS for the next fiscal year.
Telephone and Data Systems, Inc. (NYSE:TDS) opened at 28.15 on Thursday. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 57.57 and a beta of 1.02. The stock’s 50 day moving average price is $27.99 and its 200-day moving average price is $28.00. Telephone and Data Systems, Inc. has a one year low of $24.12 and a one year high of $32.97.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.155 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.62 annualized dividend and a dividend yield of 2.20%. Telephone and Data Systems’s dividend payout ratio is currently 129.17%.
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Several brokerages have recently commented on TDS. Zacks Investment Research downgraded Telephone and Data Systems from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Five equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of $32.00.
Telephone and Data Systems Company Profile
Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).
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