Zacks: Brokerages Anticipate Telephone & Data Systems, Inc. (TDS) Will Post Quarterly Sales of $1.34 Billion

Analysts predict that Telephone & Data Systems, Inc. (NYSE:TDS) will post sales of $1.34 billion for the current quarter, Zacks reports. Three analysts have made estimates for Telephone & Data Systems’ earnings. The highest sales estimate is $1.34 billion and the lowest is $1.32 billion. Telephone & Data Systems posted sales of $1.31 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 2.3%. The business is scheduled to announce its next quarterly earnings report on Friday, February 22nd.

According to Zacks, analysts expect that Telephone & Data Systems will report full year sales of $5.12 billion for the current year, with estimates ranging from $5.10 billion to $5.13 billion. For the next year, analysts forecast that the firm will report sales of $5.14 billion, with estimates ranging from $4.95 billion to $5.22 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Telephone & Data Systems.

Telephone & Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, November 2nd. The Wireless communications provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.25 by $0.16. Telephone & Data Systems had a net margin of 7.96% and a return on equity of 2.43%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.08 EPS. The business’s revenue was up 3.7% on a year-over-year basis.

Several research analysts have commented on TDS shares. Zacks Investment Research downgraded shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a report on Monday, October 8th. B. Riley set a $42.00 price objective on shares of Telephone & Data Systems and gave the company a “buy” rating in a report on Wednesday, November 7th. ValuEngine raised shares of Telephone & Data Systems from a “hold” rating to a “buy” rating in a report on Wednesday, October 3rd. Finally, Raymond James increased their price objective on shares of Telephone & Data Systems from $31.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Telephone & Data Systems currently has an average rating of “Buy” and an average price target of $37.20.

Shares of TDS traded down $0.45 during midday trading on Tuesday, hitting $34.80. 802,854 shares of the company traded hands, compared to its average volume of 884,249. Telephone & Data Systems has a 52 week low of $23.54 and a 52 week high of $36.52. The company has a market capitalization of $3.93 billion, a PE ratio of 65.66 and a beta of 0.79. The company has a quick ratio of 2.65, a current ratio of 2.80 and a debt-to-equity ratio of 0.46.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Thursday, December 13th. Telephone & Data Systems’s dividend payout ratio is 120.75%.

In other news, VP Douglas W. Chambers sold 16,400 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $30.59, for a total transaction of $501,676.00. Following the sale, the vice president now directly owns 12,473 shares in the company, valued at approximately $381,549.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Douglas W. Chambers sold 16,455 shares of the company’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $34.33, for a total transaction of $564,900.15. Following the sale, the vice president now owns 12,828 shares in the company, valued at $440,385.24. The disclosure for this sale can be found here. Insiders have sold a total of 189,895 shares of company stock worth $6,643,100 over the last 90 days. Corporate insiders own 17.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brookstone Capital Management raised its position in shares of Telephone & Data Systems by 25.3% during the 2nd quarter. Brookstone Capital Management now owns 19,626 shares of the Wireless communications provider’s stock valued at $538,000 after buying an additional 3,962 shares in the last quarter. BlackRock Inc. raised its position in shares of Telephone & Data Systems by 12.5% during the 2nd quarter. BlackRock Inc. now owns 16,961,259 shares of the Wireless communications provider’s stock valued at $465,075,000 after buying an additional 1,878,701 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Telephone & Data Systems by 49.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 12,805 shares of the Wireless communications provider’s stock valued at $390,000 after buying an additional 4,214 shares in the last quarter. Stone Ridge Asset Management LLC raised its position in shares of Telephone & Data Systems by 18.6% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 70,063 shares of the Wireless communications provider’s stock valued at $2,132,000 after buying an additional 11,001 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Telephone & Data Systems by 39.7% during the 3rd quarter. Acadian Asset Management LLC now owns 1,268,191 shares of the Wireless communications provider’s stock valued at $38,593,000 after buying an additional 360,121 shares in the last quarter. Hedge funds and other institutional investors own 81.71% of the company’s stock.

About Telephone & Data Systems

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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