Wall Street analysts expect Telephone & Data Systems, Inc. (NYSE:TDS) to post earnings per share of $0.23 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Telephone & Data Systems’ earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.28. Telephone & Data Systems posted earnings of $0.09 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 155.6%. The company is scheduled to announce its next earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that Telephone & Data Systems will report full year earnings of $0.68 per share for the current year. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.24 per share, with EPS estimates ranging from $0.72 to $1.51. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Telephone & Data Systems.

Telephone & Data Systems (NYSE:TDS) last announced its quarterly earnings data on Friday, August 3rd. The Wireless communications provider reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.06. Telephone & Data Systems had a net margin of 3.53% and a return on equity of 1.98%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm posted $0.09 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year.

A number of brokerages have commented on TDS. ValuEngine downgraded shares of Telephone & Data Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Telephone & Data Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 16th. Raymond James raised shares of Telephone & Data Systems from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 2nd. Citigroup increased their price objective on shares of Telephone & Data Systems from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Finally, JPMorgan Chase & Co. downgraded shares of Telephone & Data Systems from a “neutral” rating to an “underweight” rating and set a $34.00 price objective on the stock. in a research report on Wednesday, July 11th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.67.

In other news, Director Mitchell H. Saranow sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $26.66, for a total value of $106,640.00. Following the completion of the transaction, the director now owns 15,964 shares in the company, valued at approximately $425,600.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Douglas W. Chambers sold 4,340 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $29.40, for a total transaction of $127,596.00. Following the completion of the transaction, the chief accounting officer now owns 10,545 shares of the company’s stock, valued at approximately $310,023. The disclosure for this sale can be found here. In the last 90 days, insiders sold 198,330 shares of company stock valued at $5,962,196. Company insiders own 17.30% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings in shares of Telephone & Data Systems by 163.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 467,854 shares of the Wireless communications provider’s stock valued at $12,829,000 after buying an additional 290,598 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Telephone & Data Systems by 9.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 102,105 shares of the Wireless communications provider’s stock valued at $2,800,000 after buying an additional 8,750 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Telephone & Data Systems in the 2nd quarter valued at $862,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Telephone & Data Systems in the 2nd quarter valued at $1,064,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Telephone & Data Systems by 169.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,702 shares of the Wireless communications provider’s stock valued at $238,000 after buying an additional 5,469 shares in the last quarter. Institutional investors and hedge funds own 86.52% of the company’s stock.

Shares of NYSE:TDS traded up $0.18 during trading hours on Friday, reaching $30.58. The stock had a trading volume of 213,837 shares, compared to its average volume of 901,914. Telephone & Data Systems has a 1 year low of $23.54 and a 1 year high of $31.01. The company has a current ratio of 2.96, a quick ratio of 2.75 and a debt-to-equity ratio of 0.47. The company has a market cap of $3.40 billion, a PE ratio of 57.70 and a beta of 0.71.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, September 13th. Telephone & Data Systems’s payout ratio is 120.75%.

About Telephone & Data Systems

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.

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

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