Zacks: Brokerages Anticipate Telephone & Data Systems, Inc. (TDS) Will Announce Earnings of $0.10 Per Share

Equities research analysts expect that Telephone & Data Systems, Inc. (NYSE:TDS) will post $0.10 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Telephone & Data Systems’ earnings, with estimates ranging from $0.07 to $0.13. Telephone & Data Systems posted earnings per share of $0.33 in the same quarter last year, which would suggest a negative year-over-year growth rate of 69.7%. The company is scheduled to announce its next quarterly earnings report on Friday, May 4th.

On average, analysts expect that Telephone & Data Systems will report full year earnings of $0.52 per share for the current fiscal year, with EPS estimates ranging from $0.31 to $0.70. For the next year, analysts expect that the firm will post earnings of $0.62 per share, with EPS estimates ranging from $0.22 to $0.98. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Telephone & Data Systems.

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Telephone & Data Systems (NYSE:TDS) last announced its quarterly earnings data on Friday, February 23rd. The Wireless communications provider reported $0.05 EPS 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 firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the firm posted ($0.05) earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year.

Several brokerages recently issued reports on TDS. Zacks Investment Research raised Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, February 28th. ValuEngine cut Telephone & Data Systems from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, TheStreet raised Telephone & Data Systems from a “c+” rating to a “b-” rating in a research report on Friday, March 23rd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Telephone & Data Systems currently has an average rating of “Buy” and a consensus target price of $30.00.

Telephone & Data Systems stock traded up $0.37 during mid-day trading on Monday, reaching $28.69. The stock had a trading volume of 236,320 shares, compared to its average volume of 685,604. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 2.14. Telephone & Data Systems has a fifty-two week low of $23.54 and a fifty-two week high of $29.87. The stock has a market capitalization of $3,146.89, a PE ratio of 53.43, a price-to-earnings-growth ratio of 6.01 and a beta of 0.81.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Friday, March 16th were issued a dividend of $0.16 per share. This is a positive change from Telephone & Data Systems’s previous quarterly dividend of $0.16. This represents a $0.64 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, March 15th. Telephone & Data Systems’s dividend payout ratio (DPR) is 120.75%.

In related news, insider Scott H. Williamson sold 28,714 shares of Telephone & Data Systems stock in a transaction on Wednesday, March 28th. The stock was sold at an average price of $27.92, for a total transaction of $801,694.88. Following the sale, the insider now directly owns 18,353 shares in the company, valued at $512,415.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the director now owns 117,710 shares in the company, valued at $3,201,712. The disclosure for this sale can be found here. Company insiders own 16.37% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. American International Group Inc. lifted its holdings in Telephone & Data Systems by 1.2% during the fourth quarter. American International Group Inc. now owns 189,917 shares of the Wireless communications provider’s stock worth $5,280,000 after acquiring an additional 2,241 shares during the period. Private Management Group Inc. lifted its holdings in Telephone & Data Systems by 0.4% during the fourth quarter. Private Management Group Inc. now owns 559,769 shares of the Wireless communications provider’s stock worth $15,562,000 after acquiring an additional 2,500 shares during the period. ING Groep NV lifted its holdings in Telephone & Data Systems by 23.2% during the fourth quarter. ING Groep NV now owns 13,842 shares of the Wireless communications provider’s stock worth $385,000 after acquiring an additional 2,607 shares during the period. Cornercap Investment Counsel Inc. lifted its holdings in Telephone & Data Systems by 4.7% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 59,330 shares of the Wireless communications provider’s stock worth $1,649,000 after acquiring an additional 2,680 shares during the period. Finally, Alpha Windward LLC lifted its holdings in Telephone & Data Systems by 20.0% during the fourth quarter. Alpha Windward LLC now owns 19,440 shares of the Wireless communications provider’s stock worth $540,000 after acquiring an additional 3,240 shares during the period. Institutional investors and hedge funds own 82.33% of the company’s stock.

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

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