Telephone and Data Systems, Inc. (TDS) Forecasted to Post FY2018 Earnings of $0.40 Per Share

Telephone and Data Systems, Inc. (NYSE:TDS) – Research analysts at Gabelli raised their FY2018 EPS estimates for Telephone and Data Systems in a research note issued on Monday. Gabelli analyst S. Dluzhevskiy now anticipates that the Wireless communications provider will post earnings per share of $0.40 for the year, up from their previous estimate of $0.30. Gabelli also issued estimates for Telephone and Data Systems’ FY2019 earnings at $0.45 EPS and FY2020 earnings at $0.55 EPS.

Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of Telephone and Data Systems from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Monday. BidaskClub raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Drexel Hamilton raised shares of Telephone and Data Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.00.

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Telephone and Data Systems (NYSE TDS) traded down $0.27 during midday trading on Tuesday, reaching $25.22. 862,900 shares of the company’s stock traded hands, compared to its average volume of 693,105. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.42 and a quick ratio of 2.29. Telephone and Data Systems has a 1 year low of $24.57 and a 1 year high of $32.97. The company has a market capitalization of $2,819.58, a price-to-earnings ratio of 56.64, a P/E/G ratio of 10.26 and a beta of 1.02.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). Telephone and Data Systems had a positive return on equity of 1.08% and a negative net margin of 2.77%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the company posted $0.11 earnings per share. The business’s revenue was down 4.8% compared to the same quarter last year.

Institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Telephone and Data Systems by 11.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,795 shares of the Wireless communications provider’s stock valued at $105,000 after purchasing an additional 387 shares during the period. Sei Investments Co. increased its position in Telephone and Data Systems by 13.9% during the second quarter. Sei Investments Co. now owns 4,868 shares of the Wireless communications provider’s stock worth $135,000 after acquiring an additional 594 shares during the period. Macquarie Group Ltd. bought a new position in Telephone and Data Systems during the third quarter worth about $192,000. World Asset Management Inc bought a new position in Telephone and Data Systems during the third quarter worth about $203,000. Finally, LS Investment Advisors LLC increased its position in Telephone and Data Systems by 20.0% during the second quarter. LS Investment Advisors LLC now owns 7,451 shares of the Wireless communications provider’s stock worth $207,000 after acquiring an additional 1,242 shares during the period. 82.27% of the stock is currently owned by institutional investors.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

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

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