Telephone and Data Systems (NYSE:TDS) Releases Earnings Results

Telephone and Data Systems (NYSE:TDS) issued its earnings results on Friday. The Wireless communications provider reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates 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%.

Telephone and Data Systems Trading Down 4.2 %

NYSE:TDS traded down $1.67 during trading hours on Friday, hitting $37.97. 601,648 shares of the company were exchanged, compared to its average volume of 780,021. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of -7.05 and a beta of 0.80. 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 has a one year low of $13.92 and a one year high of $41.21. The company has a fifty day simple moving average of $35.54 and a 200 day simple moving average of $29.60.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.42%. Telephone and Data Systems’s dividend payout ratio is currently -2.96%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TDS shares. JPMorgan Chase & Co. raised their target price on Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Raymond James raised Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a report on Thursday, November 7th.

Telephone and Data Systems Company Profile

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.