Telephone and Data Systems (NYSE:TDS) Announces Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Telephone and Data Systems (NYSE:TDS) posted its earnings results on Friday. The Wireless communications provider reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15, RTT News reports. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the company posted ($0.08) earnings per share. Telephone and Data Systems’s revenue for the quarter was down 3.1% compared to the same quarter last year.

Telephone and Data Systems Price Performance

NYSE TDS opened at $14.36 on Monday. Telephone and Data Systems has a 1-year low of $6.43 and a 1-year high of $21.75. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average of $15.61 and a two-hundred day moving average of $17.38.

Telephone and Data Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.19 per share. This is a positive change from Telephone and Data Systems’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.76 annualized dividend and a yield of 5.29%. Telephone and Data Systems’s dividend payout ratio is presently -15.61%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th.

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.