Brokerages forecast that Telephone & Data Systems, Inc. (NYSE:TDS) will report $1.21 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Telephone & Data Systems’ earnings, with the highest sales estimate coming in at $1.23 billion and the lowest estimate coming in at $1.17 billion. Telephone & Data Systems reported sales of $1.26 billion in the same quarter last year, which would suggest a negative year over year growth rate of 4%. The company is scheduled to report its next earnings results on Thursday, August 6th.

According to Zacks, analysts expect that Telephone & Data Systems will report full-year sales of $5.14 billion for the current year, with estimates ranging from $4.96 billion to $5.36 billion. For the next year, analysts expect that the company will post sales of $5.33 billion, with estimates ranging from $5.25 billion to $5.47 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Telephone & Data Systems.

Telephone & Data Systems (NYSE:TDS) last issued its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.18. Telephone & Data Systems had a return on equity of 2.44% and a net margin of 2.55%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year.

Several research firms have recently weighed in on TDS. Citigroup lowered their price objective on Telephone & Data Systems from $47.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. B. Riley lowered their price objective on Telephone & Data Systems from $35.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Raymond James lowered their price objective on Telephone & Data Systems from $30.00 to $29.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 22nd. Zacks Investment Research upgraded Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Saturday, May 9th. Finally, JPMorgan Chase & Co. lowered their price objective on Telephone & Data Systems from $30.00 to $29.00 and set an “overweight” rating on the stock in a research note on Friday, March 27th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.58.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pearl River Capital LLC acquired a new position in Telephone & Data Systems during the 1st quarter worth $32,000. Parallel Advisors LLC lifted its holdings in Telephone & Data Systems by 190.2% during the 1st quarter. Parallel Advisors LLC now owns 1,982 shares of the Wireless communications provider’s stock worth $33,000 after buying an additional 1,299 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Telephone & Data Systems by 565.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,497 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 1,272 shares in the last quarter. Advisor Group Holdings Inc. acquired a new position in Telephone & Data Systems during the 1st quarter worth $50,000. Finally, Bartlett & Co. LLC acquired a new position in Telephone & Data Systems during the 1st quarter worth $115,000. Institutional investors and hedge funds own 81.84% of the company’s stock.

TDS traded up $0.10 on Friday, hitting $19.96. 17,649 shares of the stock traded hands, compared to its average volume of 704,647. Telephone & Data Systems has a 52 week low of $14.05 and a 52 week high of $33.63. The company has a current ratio of 2.17, a quick ratio of 1.92 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $2.16 billion, a PE ratio of 17.73 and a beta of 1.11. The business has a fifty day moving average price of $19.77 and a two-hundred day moving average price of $20.95.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $0.17 per share. The ex-dividend date is Monday, June 15th. This represents a $0.68 dividend on an annualized basis and a yield of 3.41%. Telephone & Data Systems’s dividend payout ratio (DPR) is presently 66.02%.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides communications 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 business customers located in its service territories; national plans with voice, messaging, and data usage options; and advanced wireless solutions, such as machine-to-machine solution and software applications for various categories of monitor and control, business automation/operations, communication, and asset management.

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

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