Equities research analysts expect Telephone and Data Systems, Inc. (NYSE:TDS) to report ($0.02) earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Telephone and Data Systems’ earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at ($0.09). Telephone and Data Systems reported earnings per share of ($0.05) during the same quarter last year, which suggests a positive year over year growth rate of 60%. The business is scheduled to issue its next quarterly earnings results on Friday, February 23rd.

According to Zacks, analysts expect that Telephone and Data Systems will report full year earnings of ($1.27) per share for the current financial year, with EPS estimates ranging from ($1.35) to ($1.14). For the next year, analysts expect that the company will post earnings of $0.35 per share, with EPS estimates ranging from $0.26 to $0.40. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Telephone and Data Systems.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings data on Wednesday, November 8th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.09). Telephone and Data Systems had a positive return on equity of 1.08% and a negative net margin of 2.77%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the business earned $0.11 earnings per share. Telephone and Data Systems’s revenue was down 4.8% compared to the same quarter last year.

A number of equities analysts have recently issued reports on TDS shares. Drexel Hamilton upgraded Telephone and Data Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded Telephone and Data Systems from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Monday, November 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.00.

A number of hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Telephone and Data Systems by 11.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,795 shares of the Wireless communications provider’s stock valued at $105,000 after acquiring an additional 387 shares during the period. Utah Retirement Systems grew its stake in Telephone and Data Systems by 2.3% in the second quarter. Utah Retirement Systems now owns 17,676 shares of the Wireless communications provider’s stock valued at $491,000 after acquiring an additional 400 shares during the period. US Bancorp DE grew its stake in Telephone and Data Systems by 4.8% in the second quarter. US Bancorp DE now owns 9,337 shares of the Wireless communications provider’s stock valued at $259,000 after acquiring an additional 429 shares during the period. Arizona State Retirement System grew its stake in Telephone and Data Systems by 1.3% in the second quarter. Arizona State Retirement System now owns 39,500 shares of the Wireless communications provider’s stock valued at $1,096,000 after acquiring an additional 500 shares during the period. Finally, Sei Investments Co. grew its stake in Telephone and Data Systems by 13.9% in the second quarter. Sei Investments Co. now owns 4,868 shares of the Wireless communications provider’s stock valued at $135,000 after acquiring an additional 594 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Telephone and Data Systems (NYSE TDS) opened at $26.59 on Monday. Telephone and Data Systems has a 1 year low of $24.57 and a 1 year high of $32.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.29 and a current ratio of 2.42. The stock has a market capitalization of $2,951.49, a PE ratio of 59.09 and a beta of 0.98.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be issued a $0.155 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.62 dividend on an annualized basis and a yield of 2.33%. Telephone and Data Systems’s payout ratio is currently -48.82%.

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About Telephone and Data Systems

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

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