Telephone and Data Systems (NYSE:TDS) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Telephone and Data Systems (NYSE:TDSGet Rating) released its earnings results on Thursday. The Wireless communications provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.04 by $0.11, RTT News reports. Telephone and Data Systems had a net margin of 3.11% and a return on equity of 2.95%. During the same period in the previous year, the firm posted $0.17 earnings per share.

Telephone and Data Systems Stock Performance

NYSE:TDS opened at $16.15 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.70 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $15.86 and a two-hundred day moving average price of $17.89. Telephone and Data Systems has a twelve month low of $14.46 and a twelve month high of $21.47. The company has a market capitalization of $1.85 billion, a P/E ratio of 18.56 and a beta of 1.02.

Telephone and Data Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, June 14th. This represents a $0.72 annualized dividend and a yield of 4.46%. Telephone and Data Systems’s dividend payout ratio (DPR) is currently 82.76%.

Insider Buying and Selling at Telephone and Data Systems

In other Telephone and Data Systems news, Director Clarence A. Davis sold 4,300 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $18.33, for a total transaction of $78,819.00. Following the completion of the transaction, the director now directly owns 15,511 shares in the company, valued at approximately $284,316.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Telephone and Data Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. Citigroup Inc. grew its holdings in shares of Telephone and Data Systems by 5.8% during the first quarter. Citigroup Inc. now owns 98,497 shares of the Wireless communications provider’s stock worth $1,860,000 after buying an additional 5,396 shares in the last quarter. Vident Investment Advisory LLC grew its holdings in shares of Telephone and Data Systems by 5.3% during the first quarter. Vident Investment Advisory LLC now owns 97,967 shares of the Wireless communications provider’s stock worth $1,847,000 after buying an additional 4,925 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Telephone and Data Systems by 3.2% in the first quarter. Great West Life Assurance Co. Can now owns 92,077 shares of the Wireless communications provider’s stock worth $1,786,000 after acquiring an additional 2,863 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Telephone and Data Systems in the first quarter worth approximately $1,689,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Telephone and Data Systems by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 85,168 shares of the Wireless communications provider’s stock worth $1,608,000 after acquiring an additional 10,501 shares during the last quarter. 86.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Morgan Stanley downgraded shares of Telephone and Data Systems from an “overweight” rating to an “equal weight” rating and set a $22.00 price target for the company. in a report on Tuesday, April 19th.

Telephone and Data Systems Company Profile

(Get Rating)

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, routers, 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.

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

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