Telephone and Data Systems (TDS) to Release Earnings on Friday

Telephone and Data Systems (NYSE:TDS) is scheduled to be releasing its earnings data before the market opens on Friday, August 2nd. Analysts expect Telephone and Data Systems to post earnings of ($0.16) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Telephone and Data Systems (NYSE:TDS) last issued its earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.15. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company earned ($0.08) EPS. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts expect Telephone and Data Systems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Telephone and Data Systems Stock Up 1.0 %

Shares of NYSE:TDS opened at $21.58 on Wednesday. Telephone and Data Systems has a 52 week low of $7.64 and a 52 week high of $23.35. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.40 and a current ratio of 1.58. The company’s fifty day moving average is $20.38 and its 200-day moving average is $18.05. The company has a market capitalization of $2.44 billion, a PE ratio of -4.38 and a beta of 0.84.

Telephone and Data Systems Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.04 per share. The ex-dividend date was Friday, June 14th. This represents a $0.16 annualized dividend and a yield of 0.74%. Telephone and Data Systems’s dividend payout ratio (DPR) is -3.29%.

Analyst Upgrades and Downgrades

TDS has been the topic of several research reports. StockNews.com upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. JPMorgan Chase & Co. reduced their price target on shares of Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 29th.

About Telephone and Data Systems

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.