Tele2 (OTCMKTS:TLTZY) Issues Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• Tele2 reported a quarterly earnings per share (EPS) of $0.10, missing the consensus estimate of $0.11 by $0.01, with revenues also falling short at $782.33 million compared to an estimate of $789.39 million.
• The company announced a dividend increase to $0.1013 per share, providing a yield of 238.0%, with a dividend payout ratio of 55.17%.
• Analysts have expressed positive sentiment towards Tele2, with ratings upgrades from several firms, including Kepler Capital Markets and UBS Group, contributing to an average rating of "Strong Buy" for the stock.

Tele2 (OTCMKTS:TLTZY - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01), Zacks reports. Tele2 had a return on equity of 19.39% and a net margin of 14.10%.The firm had revenue of $782.33 million during the quarter, compared to the consensus estimate of $789.39 million.

Tele2 Stock Down 1.1%

Shares of TLTZY stock traded down $0.09 during trading hours on Wednesday, reaching $8.04. 5,112 shares of the company's stock were exchanged, compared to its average volume of 13,674. Tele2 has a fifty-two week low of $4.62 and a fifty-two week high of $9.34. The stock's 50 day moving average is $8.56 and its 200-day moving average is $7.74. The company has a current ratio of 0.44, a quick ratio of 0.39 and a debt-to-equity ratio of 1.09. The company has a market cap of $11.00 billion, a price-to-earnings ratio of 27.72 and a beta of 0.52.

Tele2 Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 30th. Shareholders of record on Monday, October 13th will be issued a $0.1013 dividend. This is an increase from Tele2's previous dividend of $0.10. This represents a yield of 238.0%. The ex-dividend date of this dividend is Friday, October 10th. Tele2's dividend payout ratio is presently 55.17%.

Wall Street Analyst Weigh In

Several equities analysts have commented on TLTZY shares. Kepler Capital Markets raised Tele2 from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Pareto Securities raised shares of Tele2 to a "strong-buy" rating in a research note on Friday, July 18th. UBS Group raised shares of Tele2 from a "sell" rating to a "buy" rating in a research report on Monday, August 4th. Finally, BNP Paribas raised shares of Tele2 from a "hold" rating to an "outperform" rating in a research note on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Strong Buy".

About Tele2

Tele2 AB (publ) provides fixed and mobile connectivity, handset related data services, and entertainment services in Sweden, Lithuania, Latvia, and Estonia. The company offers mobile telephony and data, fixed broadband, fixed telephony, switch and contact center, cloud services, IT services, network services, workplace, video and collaboration, united communications, and security services.