Telephone and Data Systems (NYSE:TDS) Issues Earnings Results

Telephone and Data Systems (NYSE:TDS - Get Free Report) announced its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07), Zacks reports. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.18 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm's revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS.

Telephone and Data Systems Stock Performance

Telephone and Data Systems stock traded up $0.56 during trading hours on Friday, hitting $34.52. 413,527 shares of the stock traded hands, compared to its average volume of 1,096,355. Telephone and Data Systems has a 1 year low of $15.10 and a 1 year high of $41.21. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of -6.39 and a beta of 0.57. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The firm's 50 day moving average price is $36.01 and its 200-day moving average price is $34.74.

Telephone and Data Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems's payout ratio is -15.24%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TDS shares. JPMorgan Chase & Co. lifted their price objective on Telephone and Data Systems from $53.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Raymond James reaffirmed an "outperform" rating and issued a $47.00 price target (down previously from $51.00) on shares of Telephone and Data Systems in a research report on Monday.

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.