$0.30 EPS Expected for Telephone & Data Systems, Inc. (TDS) This Quarter

Equities research analysts expect that Telephone & Data Systems, Inc. (NYSE:TDS) will report $0.30 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Telephone & Data Systems’ earnings. The highest EPS estimate is $0.32 and the lowest is $0.28. Telephone & Data Systems reported earnings of $0.29 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.4%. The firm is expected to issue its next earnings results on Friday, August 2nd.

According to Zacks, analysts expect that Telephone & Data Systems will report full-year earnings of $1.03 per share for the current financial year, with EPS estimates ranging from $0.98 to $1.07. For the next financial year, analysts forecast that the business will post earnings of $1.15 per share, with EPS estimates ranging from $1.09 to $1.21. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Telephone & Data Systems.

Telephone & Data Systems (NYSE:TDS) last released its earnings results on Thursday, May 2nd. The Wireless communications provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.14. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. Telephone & Data Systems had a net margin of 3.00% and a return on equity of 2.92%. The business’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS.

Several research firms recently weighed in on TDS. TheStreet downgraded shares of Telephone & Data Systems from a “b-” rating to a “c+” rating in a report on Wednesday, May 1st. ValuEngine raised shares of Telephone & Data Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, Zacks Investment Research cut shares of Telephone & Data Systems from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $38.20.

In other news, insider Kenneth R. Meyers sold 40,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $32.30, for a total value of $1,292,000.00. Following the completion of the sale, the insider now owns 32,305 shares of the company’s stock, valued at $1,043,451.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mitchell H. Saranow sold 4,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $31.75, for a total transaction of $127,000.00. Following the sale, the director now directly owns 15,074 shares of the company’s stock, valued at $478,599.50. The disclosure for this sale can be found here. Insiders have sold 44,350 shares of company stock valued at $1,430,127 in the last ninety days. 14.33% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDS. Blueshift Asset Management LLC bought a new position in Telephone & Data Systems during the 1st quarter valued at $808,000. USA Financial Portformulas Corp bought a new position in Telephone & Data Systems during the 1st quarter valued at $119,000. AQR Capital Management LLC boosted its stake in Telephone & Data Systems by 273.5% during the 1st quarter. AQR Capital Management LLC now owns 1,272,592 shares of the Wireless communications provider’s stock valued at $38,979,000 after acquiring an additional 931,835 shares during the last quarter. Marshall Wace North America L.P. bought a new position in Telephone & Data Systems during the 1st quarter valued at $126,000. Finally, Eidelman Virant Capital boosted its stake in Telephone & Data Systems by 194.3% during the 1st quarter. Eidelman Virant Capital now owns 105,500 shares of the Wireless communications provider’s stock valued at $3,242,000 after acquiring an additional 69,650 shares during the last quarter. 82.32% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE TDS opened at $30.76 on Friday. Telephone & Data Systems has a 1 year low of $24.00 and a 1 year high of $37.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.42 and a quick ratio of 2.25. The company has a market cap of $3.47 billion, a PE ratio of 26.29 and a beta of 1.00.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

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

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