Telephone & Data Systems, Inc. (NYSE:TDS) – Equities research analysts at Gabelli issued their FY2022 earnings per share estimates for shares of Telephone & Data Systems in a research report issued on Monday. Gabelli analyst S. Dluzhevskiy anticipates that the Wireless communications provider will post earnings per share of $0.95 for the year.
Telephone & Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, February 23rd. The Wireless communications provider reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.07. Telephone & Data Systems had a return on equity of 1.30% and a net margin of 3.03%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis.
Telephone & Data Systems (NYSE:TDS) traded up $0.46 during mid-day trading on Wednesday, reaching $28.77. The company had a trading volume of 723,629 shares, compared to its average volume of 689,097. Telephone & Data Systems has a one year low of $23.54 and a one year 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 company has a market cap of $3,192.45, a price-to-earnings ratio of 52.24, a PEG ratio of 7.54 and a beta of 0.77.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 16th will be issued a $0.16 dividend. This is a positive change from Telephone & Data Systems’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, March 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.22%. Telephone & Data Systems’s dividend payout ratio (DPR) is presently 46.97%.
In other Telephone & Data Systems news, Director David A. Wittwer sold 285,704 shares of Telephone & Data Systems stock in a transaction 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 completion of the sale, the director now owns 117,710 shares of the company’s stock, valued at approximately $3,201,712. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.37% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of TDS. Zions Bancorporation bought a new stake in shares of Telephone & Data Systems in the 3rd quarter worth $119,000. Tiedemann Wealth Management LLC bought a new stake in shares of Telephone & Data Systems in the 3rd quarter worth $128,000. State of Alaska Department of Revenue bought a new stake in shares of Telephone & Data Systems in the 4th quarter worth $158,000. Macquarie Group Ltd. bought a new stake in shares of Telephone & Data Systems in the 3rd quarter worth $192,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Telephone & Data Systems by 163.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,011 shares of the Wireless communications provider’s stock worth $278,000 after purchasing an additional 6,216 shares in the last quarter. 82.33% of the stock is owned by institutional investors and hedge funds.
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About Telephone & 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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