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

Telephone and Data Systems (NYSE:TDS) announced its quarterly earnings data on Friday. The Wireless communications provider reported ($0.09) EPS 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%.

Telephone and Data Systems Stock Down 4.1 %

Shares of TDS stock opened at $38.00 on Friday. Telephone and Data Systems has a 1-year low of $13.92 and a 1-year high of $41.21. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The business has a 50-day moving average of $35.54 and a 200 day 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 issued 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 presently -2.96%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TDS. JPMorgan Chase & Co. increased their price objective on Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Raymond James upgraded Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company 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.