Telephone and Data Systems (NYSE:TDS) Releases 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 earnings per share (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 9.69% and a positive return on equity of 0.21%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business posted ($0.08) EPS. Telephone and Data Systems’s revenue was down 3.1% on a year-over-year basis.

Telephone and Data Systems Price Performance

TDS stock traded down $1.85 during trading hours on Friday, hitting $14.36. 2,370,443 shares of the stock traded hands, compared to its average volume of 953,652. The stock has a 50-day simple moving average of $15.61 and a 200 day simple moving average of $17.40. The company has a market cap of $1.62 billion, a P/E ratio of -2.84 and a beta of 0.81. Telephone and Data Systems has a one year low of $6.43 and a one year high of $21.75. The company has a current ratio of 1.40, a quick ratio of 1.23 and a debt-to-equity ratio of 0.83.

Telephone and Data Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Telephone and Data Systems’s previous quarterly dividend of $0.19. Telephone and Data Systems’s payout ratio is currently -15.05%.

Analyst Ratings Changes

Separately, StockNews.com cut Telephone and Data Systems from a “hold” rating to a “sell” rating in a research 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.