Telephone and Data Systems (NYSE:TDS) Issues Earnings Results, Beats Estimates By $0.23 EPS

Telephone and Data Systems (NYSE:TDS - Get Free Report) released its earnings results on Friday. The Wireless communications provider reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.23, Zacks reports. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion.

Telephone and Data Systems Trading Down 1.0 %

NYSE:TDS traded down $0.37 during trading hours on Tuesday, hitting $36.31. The company had a trading volume of 1,187,885 shares, compared to its average volume of 844,813. Telephone and Data Systems has a 1 year low of $13.92 and a 1 year high of $41.21. The company has a market cap of $4.10 billion, a P/E ratio of -6.72 and a beta of 0.80. The company has a 50-day moving average of $35.64 and a 200 day moving average of $29.98. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Monday, March 17th. Telephone and Data Systems's dividend payout ratio (DPR) is currently -18.60%.

Analyst Upgrades and Downgrades

TDS has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the stock an "overweight" rating in a research note on Monday. Raymond James raised shares of Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 price target on the stock in a research note on Thursday, November 7th.

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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.