Telephone and Data Systems (NYSE:TDS) Releases Earnings Results, Misses Expectations By $0.07 EPS

Telephone and Data Systems (NYSE:TDS) announced its quarterly earnings data on Friday. The Wireless communications provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07), Zacks reports. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the company earned $0.10 EPS. The business’s revenue was down 8.6% compared to the same quarter last year.

Telephone and Data Systems Trading Down 8.4 %

Shares of NYSE TDS opened at $34.46 on Friday. Telephone and Data Systems has a twelve month low of $14.52 and a twelve month high of $41.21. The firm has a market cap of $3.93 billion, a PE ratio of -6.38 and a beta of 0.62. The business has a fifty day simple moving average of $36.18 and a two-hundred day simple moving average of $34.62. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, March 17th. This represents a $0.16 annualized dividend and a yield of 0.46%. Telephone and Data Systems’s payout ratio is currently -18.60%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their price target on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, February 24th.

Telephone and Data Systems Company Profile

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.