Telephone and Data Systems (NYSE:TDS) Releases Earnings Results, Beats Estimates By $0.15 EPS

Telephone and Data Systems (NYSE:TDS) posted its quarterly earnings results on Friday. The Wireless communications provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.15, RTT News reports. Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 9.31%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the firm earned ($0.16) earnings per share. Telephone and Data Systems’s quarterly revenue was down 4.2% on a year-over-year basis.

Telephone and Data Systems Stock Down 7.6 %

Shares of NYSE TDS traded down $2.27 during mid-day trading on Friday, reaching $27.48. The company had a trading volume of 1,625,400 shares, compared to its average volume of 984,933. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.37 and a current ratio of 1.51. Telephone and Data Systems has a twelve month low of $13.69 and a twelve month high of $30.44. The stock’s 50 day moving average is $24.58 and its 200-day moving average is $21.28. The stock has a market capitalization of $3.11 billion, a PE ratio of -5.69 and a beta of 0.77.

Telephone and Data Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Monday, September 16th. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -3.31%.

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.