Zacks: Brokerages Anticipate Telephone & Data Systems, Inc. (NYSE:TDS) Will Announce Earnings of $0.23 Per Share

Equities analysts forecast that Telephone & Data Systems, Inc. (NYSE:TDS) will post earnings of $0.23 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Telephone & Data Systems’ earnings. The highest EPS estimate is $0.36 and the lowest is $0.13. Telephone & Data Systems reported earnings per share of $0.40 during the same quarter last year, which would suggest a negative year-over-year growth rate of 42.5%. The business is scheduled to announce its next earnings report on Friday, November 1st.

On average, analysts expect that Telephone & Data Systems will report full-year earnings of $1.13 per share for the current year, with EPS estimates ranging from $0.93 to $1.41. For the next year, analysts expect that the company will report earnings of $1.05 per share, with EPS estimates ranging from $0.58 to $1.79. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Telephone & Data Systems.

Telephone & Data Systems (NYSE:TDS) last released its earnings results on Thursday, August 1st. The Wireless communications provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.04). Telephone & Data Systems had a return on equity of 2.89% and a net margin of 2.99%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the business earned $0.29 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year.

A number of equities research analysts recently weighed in on TDS shares. TheStreet downgraded Telephone & Data Systems from a “b-” rating to a “c+” rating in a research report on Tuesday, August 20th. Morgan Stanley raised Telephone & Data Systems from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $33.00 to $47.50 in a research report on Tuesday, June 18th. Zacks Investment Research raised Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. raised Telephone & Data Systems from an “underweight” rating to a “neutral” rating and decreased their target price for the stock from $32.00 to $31.00 in a research report on Monday, August 5th. Finally, ValuEngine downgraded Telephone & Data Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Telephone & Data Systems presently has an average rating of “Buy” and a consensus price target of $37.70.

In other Telephone & Data Systems news, Director Wade Oosterman purchased 5,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was purchased at an average price of $24.88 per share, for a total transaction of $124,400.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $124,400. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Prudence E. Carlson sold 3,510 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $24.96, for a total transaction of $87,609.60. Following the transaction, the director now owns 54,722 shares of the company’s stock, valued at approximately $1,365,861.12. The disclosure for this sale can be found here. 14.33% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in TDS. First Trust Advisors LP lifted its stake in Telephone & Data Systems by 199.2% during the second quarter. First Trust Advisors LP now owns 2,820,191 shares of the Wireless communications provider’s stock worth $85,734,000 after purchasing an additional 1,877,500 shares during the period. Nuveen Asset Management LLC lifted its stake in Telephone & Data Systems by 217.6% during the second quarter. Nuveen Asset Management LLC now owns 2,661,902 shares of the Wireless communications provider’s stock worth $80,922,000 after purchasing an additional 1,823,752 shares during the period. Geode Capital Management LLC lifted its stake in Telephone & Data Systems by 30.8% during the fourth quarter. Geode Capital Management LLC now owns 1,421,622 shares of the Wireless communications provider’s stock worth $46,258,000 after purchasing an additional 334,975 shares during the period. BlackRock Inc. lifted its stake in Telephone & Data Systems by 1.9% during the second quarter. BlackRock Inc. now owns 12,172,017 shares of the Wireless communications provider’s stock worth $370,029,000 after purchasing an additional 227,087 shares during the period. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Telephone & Data Systems by 545.7% in the second quarter. Cubist Systematic Strategies LLC now owns 232,192 shares of the Wireless communications provider’s stock valued at $7,059,000 after acquiring an additional 196,234 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

TDS stock traded down $0.42 during trading on Thursday, reaching $25.38. 578,485 shares of the stock were exchanged, compared to its average volume of 777,760. Telephone & Data Systems has a twelve month low of $24.11 and a twelve month high of $37.29. The company has a market capitalization of $2.92 billion, a P/E ratio of 21.69 and a beta of 1.10. The stock has a 50 day simple moving average of $25.47 and a 200-day simple moving average of $29.68. The company has a current ratio of 2.41, a quick ratio of 2.24 and a debt-to-equity ratio of 0.62.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Friday, September 13th. Telephone & Data Systems’s dividend payout ratio is 56.41%.

About Telephone & Data Systems

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.

Further Reading: Day Trading

Get a free copy of the Zacks research report on Telephone & Data Systems (TDS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Telephone & Data Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telephone & Data Systems and related companies with MarketBeat.com's FREE daily email newsletter.