Telephone & Data Systems, Inc. (NYSE:TDS) Expected to Post Quarterly Sales of $1.30 Billion

Equities research analysts expect Telephone & Data Systems, Inc. (NYSE:TDS) to announce sales of $1.30 billion for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Telephone & Data Systems’ earnings. The lowest sales estimate is $1.28 billion and the highest is $1.31 billion. Telephone & Data Systems posted sales of $1.26 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.2%. The company is expected to issue its next earnings report on Friday, August 2nd.

On average, analysts expect that Telephone & Data Systems will report full-year sales of $5.25 billion for the current fiscal year, with estimates ranging from $5.22 billion to $5.33 billion. For the next year, analysts anticipate that the firm will report sales of $5.37 billion, with estimates ranging from $5.29 billion to $5.48 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Telephone & Data Systems.

Telephone & Data Systems (NYSE:TDS) last issued its earnings results on Thursday, May 2nd. The Wireless communications provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.14. Telephone & Data Systems had a net margin of 3.00% and a return on equity of 2.92%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business earned $0.34 EPS. The firm’s revenue was up 2.6% on a year-over-year basis.

Several brokerages have recently weighed in on TDS. ValuEngine upgraded shares of Telephone & Data Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research lowered shares of Telephone & Data Systems from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Morgan Stanley upgraded shares of Telephone & Data Systems from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $33.00 to $47.50 in a research report on Tuesday, June 18th. Finally, TheStreet lowered shares of Telephone & Data Systems from a “b-” rating to a “c+” rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $39.75.

Shares of Telephone & Data Systems stock opened at $30.33 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.25 and a current ratio of 2.42. The company’s 50-day simple moving average is $30.69. Telephone & Data Systems has a twelve month low of $24.00 and a twelve month high of $37.29. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 25.92 and a beta of 1.03.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.165 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.66 dividend on an annualized basis and a yield of 2.18%. Telephone & Data Systems’s dividend payout ratio (DPR) is presently 56.41%.

In other news, SVP Scott H. Williamson sold 8,079 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $33.40, for a total transaction of $269,838.60. Following the transaction, the senior vice president now directly owns 55,881 shares in the company, valued at $1,866,425.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott H. Williamson sold 33,647 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $32.90, for a total transaction of $1,106,986.30. Following the transaction, the insider now owns 55,881 shares in the company, valued at $1,838,484.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,003 shares of company stock worth $1,948,100. Company insiders own 14.33% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. MetLife Investment Advisors LLC raised its stake in shares of Telephone & Data Systems by 0.8% during the first quarter. MetLife Investment Advisors LLC now owns 57,157 shares of the Wireless communications provider’s stock worth $1,756,000 after buying an additional 468 shares during the last quarter. GYL Financial Synergies LLC bought a new stake in shares of Telephone & Data Systems during the first quarter worth approximately $983,000. Marshall Wace North America L.P. bought a new stake in shares of Telephone & Data Systems during the first quarter worth approximately $126,000. Eidelman Virant Capital raised its stake in shares of Telephone & Data Systems by 194.3% during the first quarter. Eidelman Virant Capital now owns 105,500 shares of the Wireless communications provider’s stock worth $3,242,000 after buying an additional 69,650 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its stake in shares of Telephone & Data Systems by 117.3% during the first quarter. Riverhead Capital Management LLC now owns 197,343 shares of the Wireless communications provider’s stock worth $6,064,000 after buying an additional 106,509 shares during the last quarter. Institutional investors own 80.90% of the company’s stock.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

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

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