Telephone & Data Systems, Inc. (NYSE:TDS) – Analysts at Gabelli upped their FY2018 earnings per share estimates for Telephone & Data Systems in a report released on Monday, March 12th, according to Zacks Investment Research. Gabelli analyst S. Dluzhevskiy now anticipates that the Wireless communications provider will post earnings of $0.70 per share for the year, up from their prior estimate of $0.40. Gabelli also issued estimates for Telephone & Data Systems’ FY2019 earnings at $0.65 EPS, FY2020 earnings at $0.80 EPS and FY2021 earnings at $0.90 EPS.
Telephone & Data Systems (NYSE:TDS) last announced its earnings results on Friday, February 23rd. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.07. Telephone & Data Systems had a net margin of 3.03% and a return on equity of 1.30%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business earned ($0.05) EPS. The company’s revenue was up 1.2% on a year-over-year basis.
Other analysts also recently issued reports about the stock. TheStreet raised shares of Telephone & Data Systems from a “c+” rating to a “b-” rating in a research note on Friday, March 23rd. Zacks Investment Research raised shares of Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Wednesday, February 28th. Finally, ValuEngine raised shares of Telephone & Data Systems from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $30.00.
NYSE:TDS traded down $0.18 during trading hours on Thursday, hitting $28.15. 593,235 shares of the stock traded hands, compared to its average volume of 737,704. The company has a quick ratio of 1.98, a current ratio of 2.14 and a debt-to-equity ratio of 0.50. Telephone & Data Systems has a fifty-two week low of $23.54 and a fifty-two week high of $29.87. The company has a market cap of $3,128.00, a P/E ratio of 53.11, a price-to-earnings-growth ratio of 5.98 and a beta of 0.81.
Institutional investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB bought a new stake in Telephone & Data Systems in the fourth quarter worth $351,000. MetLife Investment Advisors LLC bought a new stake in Telephone & Data Systems in the fourth quarter worth $1,614,000. Macquarie Group Ltd. boosted its holdings in Telephone & Data Systems by 76.8% in the fourth quarter. Macquarie Group Ltd. now owns 12,200 shares of the Wireless communications provider’s stock worth $339,000 after purchasing an additional 5,300 shares in the last quarter. Vident Investment Advisory LLC boosted its holdings in Telephone & Data Systems by 10.4% in the fourth quarter. Vident Investment Advisory LLC now owns 105,134 shares of the Wireless communications provider’s stock worth $2,923,000 after purchasing an additional 9,913 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Telephone & Data Systems in the fourth quarter worth $328,000. Institutional investors and hedge funds own 82.33% of the company’s stock.
In other news, Director David A. Wittwer sold 285,704 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $27.20, for a total transaction of $7,771,148.80. Following the transaction, the director now directly owns 117,710 shares in the company, valued at approximately $3,201,712. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Scott H. Williamson sold 28,714 shares of the business’s stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $27.92, for a total transaction of $801,694.88. Following the transaction, the insider now owns 18,353 shares in the company, valued at $512,415.76. The disclosure for this sale can be found here. Insiders own 17.30% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, March 16th were issued a dividend of $0.16 per share. This is a boost from Telephone & Data Systems’s previous quarterly dividend of $0.16. This represents a $0.64 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, March 15th. Telephone & Data Systems’s payout ratio is currently 120.75%.
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Telephone & Data Systems Company Profile
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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