Tele2 (TLTZY) to Release Quarterly Earnings on Wednesday

Tele2 (OTCMKTS:TLTZY - Get Free Report) is expected to issue its quarterly earnings data on Wednesday, July 16th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $7.34 billion for the quarter.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $670.12 million for the quarter, compared to analyst estimates of $7.33 billion. Tele2 had a return on equity of 18.01% and a net margin of 13.20%. On average, analysts expect Tele2 to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Tele2 Stock Performance

OTCMKTS:TLTZY traded up $0.04 during mid-day trading on Wednesday, hitting $7.29. 1,672 shares of the stock were exchanged, compared to its average volume of 7,955. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 28.02 and a beta of 0.51. The firm's 50-day simple moving average is $7.35 and its 200 day simple moving average is $6.35. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.48 and a current ratio of 0.54. Tele2 has a fifty-two week low of $4.62 and a fifty-two week high of $8.00.

Tele2 Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 4th. Investors of record on Friday, May 16th were issued a dividend of $0.0972 per share. The ex-dividend date was Thursday, May 15th. This represents a yield of 2.77%. Tele2's payout ratio is currently 88.46%.

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.